Best practices in financial controls

MANILA, Philippines - The Center for Global Best Practices (CGBP), in collaboration with Isla Lipana/ PriceWaterhouseCoopers, is holding a one-day seminar on “Best Practices in Financial Processes and Controls” on Friday, October 25, 2013 at Edsa Shangri-la Hotel, Mandaluyong City, Philippines.

Participants in this special program will learn the best practices in how to design and implement financial controls that will safeguard your assets, enhance integrity of financial reports, and protect you from business operational risks. 

Whether you are a corporate giant or a small family owned firm, your business systems and operational processes can only function efficiently and effectively if you have the right internal controls.  Left unchecked and not given attention, your internal control system is where much “hocus pocus”, such as fraud, theft, fake financial transactions and other business crimes, often take place.

Effective internal controls are crucial to a company’s operations. It is your “regulator” and defense against losses in key areas like procurement, payroll, sales, cash disbursements and other business activities needed to complete a business transaction.

Internal controls can “help an entity get to where it wants to go, and avoid pitfalls and surprises along the way”.

The principal lecturer for this program is Roderick Danao, CPA, who is the newly appointed vice-chairman of Isla Lipana/ PriceWaterhouseCoopers.  He held the position of being the assurance and Learning and Education partner for five years and Audit Methodology leader for seven years.  He has over 20 years experience in accounting, audit and business advisory practice both in private and public companies locally and overseas.

For more details, check www.cgbp.org. You may also contact CGBP at (02) 556-8968/ 69 or (02) 842-7148/ 59; Cebu lines (032) 512-3106/ 07; Baguio telephone (074) 423-5148.