Board Directors' Guide for Audit Committees

SEC-accredited
Training investment is inclusive of an e-certificate and a printed learning material

P 2,980.00 / person - when you register and pay on or before September 14

P 3,980.00 / person - Regular Rate

*Optional:
Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge


WEDNESDAY, OCTOBER 14, 2026 * 1:30PM to 4:45PM VIA ZOOM


With SEC’s mandatory requirement for corporations’ board of directors to practice good corporate governance comes the importance of having a functioning audit committee headed by a member of the board.

This program is for board chairmen, directors, and members of management who wish to fully understand what an audit committee does and does not do.  The comprehensive coverage includes the top 10 best practices for audit committees, how to craft the working program and agenda aligned with the audit committee charter, how it should relate to the board and have a constructive relationship with management, reading and spotting key issues in audit reports, special investigation and financial reporting function, risk assessment protocols and tools, and solutions to challenges and problems faced by audit committees.

Get free templates and practical reference materials that you can use and apply immediately to simplify your work and save time in crafting an audit committee program. This is for those who are really serious about improving the effectiveness of the board and audit committees’ performance.



COURSE DIRECTOR & MASTER TRAINER



Ms. Rebecca Go Sarmenta


She is a seasoned audit and corporate governance professional with extensive experience in internal audit, risk management, and board advisory services. A retired Partner at SGV & Co./Ernst & Young Philippines, she continued to serve as Senior Advisor in Risk Services under the Advisory practice from 2014 to 2022.

She is a Certified Public Accountant, an SEC-accredited speaker, and a Fellow of the Institute of Corporate Directors (ICD). She previously served as President of the Institute of Internal Auditors Philippines and was the third Filipino to lead the Asian Confederation of Institutes of Internal Auditors, promoting internal audit best practices across the region.

She graduated magna cum laude with a Bachelor of Science in Commerce from the University of San Carlos and holds a Master’s degree in Business Administration from the University of the Philippines.

Who Should Attend?


    • Board Chair and Directors
    • Audit Committee Chair & Members
    • Owners of Corporations
    • Members of Top Management
    • Auditors & Accountants
    • Business Consultants


Agenda I. Snapshot: Top Issues that Audit Committees should Keep in Mind

 

Agenda II. The Audit Committee and Good Governance

 

  • Revised Code of Corporate Governance Board Committees
  • Specific Duties and Responsibilities
    • On financial reporting
    • On internal control system
    • On internal audit
    • On external audit

 

Agenda III. Audit Committee Roles and Responsibilities: Adding Value

 

  • Financial Reporting and Disclosures
    • Understanding the business
    • Promote financial reporting quality and transparency.
    • Materiality
    • Significant changes during the reporting period
    • Related Party Transactions

 

  • Internal Control System and Risk Management
    • Risk Management and Internal Control System
    • Financial Reporting Fraud

 

  • Oversight of Internal Audit
    • Internal Audit
    • Empowering internal audit

 

  • Oversight of External Auditors
    • Why the external auditor oversight is important?
    • Auditor independence
    • Communications with the external auditor
    • External auditor relationship with internal audit
    • Evaluation of the external auditor
    • Changing auditors

 

  • Culture and Compliance – The Soul of Corporate Accountability
    • Tone at the Top
    • Compliance and ethics programs

              

Agenda IV. Assessment of Performance of the Audit Committee

 

  • A Robust Assessment
  • Guidelines under the IC Code
  • Board action on assessment

 

Agenda V. Building an Effective Audit Committee

 

  • Committee composition
  • Meetings/ minutes of meetings
  • Training requirements of committee members
  • Climate of trust and candor/ Culture of Open Dissent

 

Agenda VI. Benefits of an Effective Audit Committee



Those from government are exempted from the P2,800.00 per day limit set by COA for attending training provided by the private sector based on the NEW Department of Budget and Management Circular No. 596 dated January 20, 2025.

Attending this training is not covered by the newly-enacted Procurement Law (R.A. 12009) based on its IRR’s Section 4.4-b, which classifies training continuing education, conferences and similar activities as "non-procurement activities that shall be governed by applicable COA, CSC, and DBM rules".
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For clarification or request for an invitation letter, you may reach out to:

Contact Person: Elisha Afloro
Mobile Number (+63 919) 910-8129
Telefax: (+632) 8842-7148 or 59
Email: elisha_cgbp@yahoo.com


Account Name: Center for Global Best Practices Foundation, Inc.

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