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MANAGING INTERNAL CONTROLS FOR BETTER PERFORMANCE
MANAGING INTERNAL CONTROLS FOR BETTER PERFORMANCE
by Dr. Rufo Mendoza
September 1, 2020
1:30pm – 4:30pm
Regular Rate Php 1,499.00 + VAT starting August 26, 2020
Early Bird Rate Php 1,399.00 + VAT until August 25, 2020
Group Rate Php 1,299.00 + VAT per pax for 5 or more pax
Inclusive of the two-part Webinar Session and the Digital Certificate
Managing Internal Controls for Better Performance
Rationale of the Seminar
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.
As an organization engages in its day-to-day activities and in the management of risks, the corresponding internal controls to mitigate those risks become more important. At the same time, the internal audit unit can only be functional if it can evaluate internal control activities and provide the management an assurance of their adequacy before any problem becomes large and destructive. An effectively-functioning control system will build the organization’s capacity to deliver its products and services sustainably to its clients or customers.
At the end of the seminar, the participants are expected to
1. Explain the nature of internal control and its relationship with risk and audit and how they drive value for an organization;
2. Discuss the regulatory requirements for internal control system, including the framework, components, and measures and how they can be implemented in real business operations;
3. Describe the various principles and applications of internal controls that could help in achieving performance goals and objectives; and
4. Assess internal control practices and devise workable solutions for identified internal control weaknesses.
Outline of Topics
Session 1 – Understanding the Trilogy of Risk, Control, and Audit
The Nature of Internal Control and its Relationship to Risk and Audit
Mapping Internal Controls in the International Landscape
The Five Components of Internal Control System
Session 2 – Internal Control Applications in Business
Internal Control Activities for Company Assets
Internal Control Activities for Company Liabilities
R͟E͟S͟O͟U͟R͟C͟E͟ ͟S͟P͟E͟A͟K͟E͟R͟ ͟-͟ ͟Dr. Rufo R. Mendoza
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.
LIMITED SLOTS. Limited slots are available. To avoid last-minute delays and inconveniences, we advise you to please register at the latest two days or one day before the webinar event.
REGISTRATION. You must register or be registered by someone else to be able to join our webinars. Webinar access links are strictly sent through email therefore make sure you indicate the right email addresses for the participants. Please indicate how many participants you wish to include before hitting the REGISTER NOW button.
CHECK OUT. When you go to the Checkout Page, double-check the number of participants you have to register, if you change your mind or wish to make last-minute adjustments, do not forget to update your cart by clicking the UPDATE CART button. Once everything is final, you may now click the PROCEED TO CHECK OUT button.
BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS. On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.
POWERMAX provides three (3) payment options:
(1) Bank Deposit/Online Bank Transfer
(2) PayPal/Credit or Debit Card Through PayPal
(3) Over The Counter (7 Eleven, Cebuana, etc.)
Bank Deposit or Online Bank Transfer
If you choose Bank Deposit/Online Bank Transfer, you have to send the proof of payment to firstname.lastname@example.org.
IMPORTANT: Proof of payment must be sent to email@example.com. Failure to send the proof of payment to firstname.lastname@example.org means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).
Payment Through PayPal
If you choose to pay for your registration using PayPal you may do so. Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars.
Payment Through Over The Counter (OTC)
You may also pay us through various OTC Over The Counter payment channels:
- 7 Eleven
- Bayad Center
- Cebuana Lhuillier
- Palawan pawnshop
- RD Pawnshop
If you Checkout using a particular Over The Counter payment channel, our system will send a barcode to your registered email. You can take this barcode, show, and pay over the counter. Please note that if you generate a barcode through 7 Eleven you must pay only through any 7 Eleven branch. When payment is made, proof of payment is sent to your email for payment reference.
WEBINAR ACCESS LINKS. Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer. However, for payments made using PayPal and OTC, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else. If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead.
POWER WEBINARS. Powermax live webinars are designed to give you an incisive insight into a plethora of interesting and relevant topics using Zoom technology. It aims to uncork the latest updates, best practices, useful strategies, and tactics, and/or practical tips and techniques not just to widen your horizon but also to equip you with the essential knowledge and skills. Hopefully, this will also encourage you to register for the other webinars of Powermax. Just visit our site – www.powermax.ph to see our other webinars.
A PLEASANT WEBINAR EXPERIENCE
To ensure a pleasant webinar experience, we recommend to registrants to:
- Download and install the Zoom application beforehand
- Ensure that there is a proper internet WIFI connection
- Use a working webinar streaming device.
Thank you and enjoy!
Keep safe and God Bless!
₱1,499.00 + VAT