Post by fob on Oct 8, 2006 14:51:07 GMT -5
Best Practices
In Financial Processes & Controls
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.
You can never expand your business successfully and achieve business continuity if your internal controls are not in order. Any business is not safe from the risk of theft, fraud, and other business crimes if it has a weak internal control system. This issue is at centerstage globally. DON'T RUN A BUSINESS WITHOUT IT.
The Center for Global Best Practices, in collaboration with Isla Lipana/ PriceWaterhouseCoopers, invites everyone to attend this 1-day pioneering seminar entitled "Best Practices In Financial Processes and Controls" scheduled on Friday, October 27, 2006 at The Peninsula Manila, Makati City, Philippines. For inquiries, please call (+63 2) 842-7148 or telefax (+63 2) 842-7159. You may also check details at www.cgbp.org.
Register early and avail of Early Bird discounts. Limited slots only.
COURSE OUTLINE
1) Introduction
2) Risks and internal control
3) The COSO framework on internal control
· Control environment
a) How do you know if your management is committed to strong controls?
b) Do you have the right people doing the right things in your organization?
· Risk assessment
a) How do you identify risks relevant to your business objectives
b) How do you manage risks that would prevent management from achieving business objectives?
· Information and communication controls
a) How do you ensure your people understand their roles and responsibilities?
b) How do you ensure effective communications to your external stakeholders?
· Control activities (to focus on preventive controls)
a) How do you ensure that there are no fake sales, unauthorized disbursements, etc?
b) How do you know you are paying the right amount of money to your suppliers/creditors etc?
· Monitoring of controls
a) How do you monitor effective performance of controls?
b) How do you capture indicators of controls failure?
4) Examples of best practices on controls over the following key business processes
· Sales
· Purchasing and procurement
· Cash disbursements and payments to suppliers
· Procurement
· Physical control on fixed assets
· Payroll
To register, please download a copy of the registration form (please allow a few seconds for the graphics to download clearly). Fill up the registration details and indicate the preferred discount options by putting a checkmark in the checkbox provided. Participants are encouraged to register early to avail of all the Early Bird privilege discounts.
Details of the discounts are in the registration form. You may email form to bestpractices8888@yahoo.com with a cc to henry@cgbp.org or fax to (+63 2) 842-7159. Registration form is available at www.cgbp.org
In Financial Processes & Controls
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.
You can never expand your business successfully and achieve business continuity if your internal controls are not in order. Any business is not safe from the risk of theft, fraud, and other business crimes if it has a weak internal control system. This issue is at centerstage globally. DON'T RUN A BUSINESS WITHOUT IT.
The Center for Global Best Practices, in collaboration with Isla Lipana/ PriceWaterhouseCoopers, invites everyone to attend this 1-day pioneering seminar entitled "Best Practices In Financial Processes and Controls" scheduled on Friday, October 27, 2006 at The Peninsula Manila, Makati City, Philippines. For inquiries, please call (+63 2) 842-7148 or telefax (+63 2) 842-7159. You may also check details at www.cgbp.org.
Register early and avail of Early Bird discounts. Limited slots only.
COURSE OUTLINE
1) Introduction
2) Risks and internal control
3) The COSO framework on internal control
· Control environment
a) How do you know if your management is committed to strong controls?
b) Do you have the right people doing the right things in your organization?
· Risk assessment
a) How do you identify risks relevant to your business objectives
b) How do you manage risks that would prevent management from achieving business objectives?
· Information and communication controls
a) How do you ensure your people understand their roles and responsibilities?
b) How do you ensure effective communications to your external stakeholders?
· Control activities (to focus on preventive controls)
a) How do you ensure that there are no fake sales, unauthorized disbursements, etc?
b) How do you know you are paying the right amount of money to your suppliers/creditors etc?
· Monitoring of controls
a) How do you monitor effective performance of controls?
b) How do you capture indicators of controls failure?
4) Examples of best practices on controls over the following key business processes
· Sales
· Purchasing and procurement
· Cash disbursements and payments to suppliers
· Procurement
· Physical control on fixed assets
· Payroll
To register, please download a copy of the registration form (please allow a few seconds for the graphics to download clearly). Fill up the registration details and indicate the preferred discount options by putting a checkmark in the checkbox provided. Participants are encouraged to register early to avail of all the Early Bird privilege discounts.
Details of the discounts are in the registration form. You may email form to bestpractices8888@yahoo.com with a cc to henry@cgbp.org or fax to (+63 2) 842-7159. Registration form is available at www.cgbp.org