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Internal Control and
Fraud Prevention for 2024
TO PREVENT OR DETECT ERRORS AND MISTAKES
January 19, 2024
2:00pm - 5:00pm
*LIVE VIA ZOOM*
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The Rationale of the Training Program Internal controls help an organization achieve its goals. It is a critical component of managing an organization and a foundation for its safe and sound operations. An effective internal control system helps an entity promote orderly, economical, efficient, and effective operations. It seeks to safeguard the resources and maintain reliable financial and management data. It enables compliance with laws and regulations and helps in mitigating the risk of unexpected losses or damage to the organization and its reputation.
Implementing internal controls is an effective way to reduce a company’s exposure to fraud risk. This will help limit the opportunities for employees to commit fraud. Since fraud comes in various forms, internal controls have the inherent nature to prevent fraud even before it occurs.
This seminar provides a holistic framework in understanding internal controls. In addition, it links internal controls with the overall management of fraud, primarily on how to prevent its occurrence. This is useful for business owners, top management, board of directors, officers, and employees in different units or divisions of an organization.
Learning Objectives At the end of the seminar, the participants are expected to
- Explain the nature of internal control and its relationship with risk and audit and how they drive value for an organization;
- Discuss the framework, components, and measures and how internal controls can be implemented in real business operations;
- Differentiate the various types of fraud;
- Explain the manner through which internal controls can prevent fraud; and
- Assess internal control practices and devise workable solutions for identified internal control weaknesses.
Outline of Topics 1. Understanding the Trilogy of Risk, Control, and Audit
- Nature of risk, controls, and audit
- Roles and responsibilities for internal controls in an organization
- Benefits of a strong internal control system in an organization
- Levels of internal controls ladder
2. Five Components of the Internal Control System
- Objectives of internal controls
- Five components: control environment, risk assessment, control activities, information and communication, and monitoring
- Emphasizing control activities for businesses
3. Nature and Classification of Fraud and Fraud Management
- Fraud Elements and Principles
- The Fraud Triangle
- Classification of Fraud
- Four Fraud Management Activities
4. Control Activities to Prevent Fraud
- Control Activities as the day-to-day component of internal control
- Control Activities to Prevent Fraud in Company Assets
- Control Activities to Prevent Fraud in Company Liabilities
- Control Activities to Prevent Fraud in Revenues
- Control Activities to Prevent Fraud in Expenditures
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Featured Speaker:
DR. RUFO R. MENDOZA
Former Vice-Chair for Professional Regulatory Board of Accountancy
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- Dr. Rufo R. Mendoza was a member of the Professional Regulatory Board of Accountancy for seven years, where he was the Vice-Chair for three and a half years. He was also the Chair of the PRC’s Continuing Professional Development Council for Accountancy for five years. In his tenure in the BOA, he represented the country in the ASEAN Meetings of Professional Regulatory Authorities for the Mutual Recognition Arrangement on Accountancy Services. He was also the country's delegate to the APEC Senior Officials Meeting in Accounting Services. He was PICPA’s national awardee as Outstanding CPA in Professional Development in 2008 and Outstanding CPA in Government Service in 2010.
- He has more than 20 years of experience in external audit and internal audit of private businesses. He has 15 years of extensive experience in consulting with international development organizations in the area of public financial management that covers the internal control system, risk management, and internal audit. He was Consultant at World Bank, UNDP, European Commission, Australian Agency for International Development, and United States Agency for International Development.
- He has a master’s degree in development management and a Ph.D. in community development and agribusiness management both from the University of the Philippines Los Baños, where he was awarded membership in three international honor societies.
- He taught in the graduate school of leading universities in the Philippines, including the Asian Institute of Management, Ateneo de Manila University's School of Government, UP Open University, University of Philippine Los Baños, and De La Salle Lipa.
- Currently, he is a National Capacity Development Expert at the Asian Development Bank.
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REGISTRATION PER PAX
Internal Control and
Fraud Prevention for 2024
TO PREVENT OR DETECT ERRORS AND MISTAKES
January 19, 2024
2:00pm - 5:00pm
*LIVE VIA ZOOM*
REGISTRATION LINK:
ONLINE PER PAX
Regular Rate Php 1,699.00 + VAT starting JAN 13, 2024
Early Bird Rate Php 1,399.00 + VAT until JAN 12, 2024
Group Rate Php 1,299.00 + VAT per pax for 5 – 14 pax
Super Group Rate Php 1,099.00 + VAT per pax for 15 or more pax
Inclusive of the Webinar Sessions and the Digital Certificate
ATTENTION TO MS. JHIE
For More Details, Inquiry or
Reservation Please Call Us On:
Ms. Jhie
Marketing Officer
Tele Fax: 8470-1057
or Call/Text: 0906-4798186
Visit my FB PAGE @jhie.training
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