|
Download: Flyer - Black&White (.PDF 402kb) Course Outline (.PDF 250kb) |
 |
 |
|
presents
 |
 |
||
 |
 |
||
 |
 |
||
 |
|||
 |
 |
 |
 |
21 & 22 JULY 2011 * EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY * 9:00AM to 5:00PM
With SECs 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.
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.
REGISTER NOW
Avail of Early Bird and
Group DISCOUNTS
Contact Person: Krista Burgos
Manila lines (+632) 556-8968 or 69
Manila Telefax (+632) 842-7148 or 59
Cebu lines (+63 32) 512-3106 or 07
Email: krista@cgbp.org
Check: http://www.cgbp.org
Lecturer 1: Atty. Rosario S. Bernaldo, CPA, MBA, is the president of the Corporate Governance Institute of the Philippines (CGIP). She is the founder and managing partner of law and accounting firms Bernaldo, Directo and Po Law Offices and R.S. Bernaldo and Associates, which comprises more than 120 accountants and lawyers.
Lecturer 2: Lilian S. Linsangan, CPA, CIA, CFE, CCSP, partner-in-charge and head of Specialist Advisory Services Division of Punongbayan and Araullo. She has over 25 years of experience in the audit of local and multinational companies in various industries. She headed P&A’s audit division until 2008. Presently, she is the president of the Association of Certified Fraud Examiners.
Lecturer 3: Juan Carlos B. Robles, CPA, CIA, CFE, CISA, concurrently holds 3 positions at Punongbayan and Araullo as chairman of its audit committee, partner of risk management and partner of specialist advisory services division. He has over 20 years of combined experience in public accounting, government auditing, internal audit, forensic audit, risk management and business consulting. He is a CPA both in the U.S. and the Philippines.
Lecturer 2: Lilian S. Linsangan, CPA, CIA, CFE, CCSP, partner-in-charge and head of Specialist Advisory Services Division of Punongbayan and Araullo. She has over 25 years of experience in the audit of local and multinational companies in various industries. She headed P&A’s audit division until 2008. Presently, she is the president of the Association of Certified Fraud Examiners.
Lecturer 3: Juan Carlos B. Robles, CPA, CIA, CFE, CISA, concurrently holds 3 positions at Punongbayan and Araullo as chairman of its audit committee, partner of risk management and partner of specialist advisory services division. He has over 20 years of combined experience in public accounting, government auditing, internal audit, forensic audit, risk management and business consulting. He is a CPA both in the U.S. and the Philippines.
• Board Chair and Directors
• Audit Committee Chair & Members
• Owners of Corporations
• Members of Top Management
• Auditors & Accountants
• Business Consultants
• Audit Committee Chair & Members
• Owners of Corporations
• Members of Top Management
• Auditors & Accountants
• Business Consultants
_______________________________
Seminar Investment is P12,980
inclusive of Meals, Resource Kit, &
Certificate of Attendance
Seminar Investment is P12,980
inclusive of Meals, Resource Kit, &
Certificate of Attendance
 |
 |
 |
 |
Corporate Governance Best Practices
Board Directors' Guide for Audit Committees
Edsa Shangri-La Hotel, Mandaluyong City, Philippines
9:00 am to 5:00pm, July 21 & 22, 2011
Course Outline
DAY 1: Thursday, July 21, 2010
Lecturer 1: Atty. Rosario S. Bernaldo, CPA
President, Corporate Governance Institute of the Philippines
Managing Partner, R.S. Bernaldo & Associates
Managing Partner, Bernaldo, Directo and Po Law Office
1. PUTTING AUDIT COMMITTEES IN THE CONTEXT OF GOOD GOVERNANCE
How can audit committees contribute to good governance?
What are the benefits of an effective audit committee?
What is the relevant regulatory guidance? OECD Principle and SEC Memo 6-2009
How is the effectiveness of the audit committee affected by the organization’s culture?
How do group boards or subsidiary company boards or boards of small associations obtain assurance?
2. DECIDING WHAT THE AUDIT COMMITTEE DOES AND DOES NOT DO
What must the board do itself?
How can the board achieve an appropriate level of delegation and give real authority to the audit committee?
How does the audit committee relate to the board?
How does the audit committee establish a constructive relationship with management?
How does the audit committee communicate with the auditors?
How can the audit committee best handle ‘in camera’ meetings?
How can we be clear about what the audit committee does not do?
3. SELECTING THE CHAIR AND COMMITTEE MEMBERS
What makes a good chair of an audit committee?
What is the optimum size for an audit committee?
Who sits on the audit committee?
Who else should attend audit committee meetings?
What skills and experience do audit committee members need?
What competencies and attributes do audit committee members need?
What induction and training do audit committee members need?
4. PLANNING THE AUDIT COMMITTEE’S WORK PROGRAMME
How often should the audit committee meet, when and for how long?
How can the audit committee manage its work plan and agenda?
How does the audit committee input to the audit plan?
How does internal audit link to the business planning process and priorities?
How can the audit committee keep track of the implementation of recommendations?
Lecturer 2: Lilian S. Linsangan, CPA, CIA, CFE, CCSP
Partner and Division Head, Specialist Advisory Services
Punongbayan & Araullo
1. TOP TEN BEST PRACTICES FOR AUDIT COMMITTEES
Audit Committee Charter
Independent and Candid Communication
Self- Assessment
2. MEETING AUDIT COMMITTEE CHALLENGES
A New Level of Audit Committee Involvement in:
a. Corporate Governance
b. Risk Management
c. Internal Control
d. Reliability of Financial statements / Financial Reporting
3. READING AUDIT REPORTS
What should raise alarm bells in the external audit management letter?
How do you ensure you have spotted all the key issues in an internal audit report?
What should you look for in the chief executive’s annual report on the effectiveness of internal controls?
4. APPRAISING THE PERFORMANCE OF THE AUDITORS
How do you review the auditor’s performance?
What are the auditor’s qualifications?
What is the auditor’s experience and resources?
How do you judge the auditor’s effectiveness?
How do you secure the independence of the auditors?
DAY 2: Friday, July 22, 2010
Lecturer 3: Juancho B. Robles, CPA, CIA, CFE, CISA, AQV, MM
Chairman, Audit Committee
Partner, Risk Management
Partner, Specialist Advisory Services
Punongbayan & Araullo
1. RISK MANAGEMENT TOOLS FOR THE AUDIT COMMITTEE
a. The Risk Management Process
i. What is the role and purpose of risk management in your company?
ii. How can your Audit Committee help implement enterprise-wide risk management in your company?
b. Risk Management Activities
i. What are the various risk management activities?
ii. Who are involved in conducting risk management in a company?
c. Key Risk Areas of the Audit Committee:
i. How do you address or manage the following key risk areas related to the functions of your Audit Committee?
• Performance of oversight functions
• Management Activities
• Internal Auditors
• External Auditors
• Monitoring and evaluation of the company’s internal control system
• Review of financial statements and related reports
• Monitoring compliance with laws and regulations
• Trainings
• Meetings
• Special investigations
• Charter and assessment of audit committee’s performance
2. ASSESSING AND APPRAISING THE AUDIT COMMITTEE’S EFFECTIVENESS
How can an audit committee assess its performance?
How can such exercises be used to improve effectiveness?
How can individual audit committee members’ performance be assessed?
How does all of this improve the effectiveness of governance?
3. DEALING WITH EXTRAORDINARY EVENTS
How does the audit committee deal with whistle blowing?
How does the audit committee deal with fraud or impropriety?
When, and how, should the audit committee commission a special investigation?
What role has the audit committee with accounting policies?
How does the audit committee deal with the resignation of auditors?
4. PROCURING AUDIT SERVICES
Why should the audit committee be involved?
How do you decide who to invite?
What should be in the invitation to tender?
How should the selection criteria be set?
What information should be provided to tendering firms?
Who should attend the scoping meeting?
What about the proposal?
How should you run the presentation?
FREE REFERENCE MATERIALS TO BE GIVEN TO REGISTERED PARTICIPANTS
a) Examples of audit committee terms of reference
b) Example of an audit committee annual reporting work plan
c) Slide exemplifying timelines and sequence of reporting for internal controls assurance
d) Example of questions on the internal audit plan
e) Example of report monitoring internal audit reviews
f) Slide exemplifying where internal controls assurance fits into the overall framework
g) Example of report tracking internal audit recommendations
h) Example of an invitation to tender for external audit
i) Example of an external audit independence protocol
j) Example of a brief for a special investigation
k) Example of questions for an audit committee’s self-assessment of its effectiveness
l) References and further reading
Lecturer 1: Atty. Rosario S. Bernaldo, CPA
President, Corporate Governance Institute of the Philippines
Managing Partner, R.S. Bernaldo & Associates
Managing Partner, Bernaldo, Directo and Po Law Office
1. PUTTING AUDIT COMMITTEES IN THE CONTEXT OF GOOD GOVERNANCE
How can audit committees contribute to good governance?
What are the benefits of an effective audit committee?
What is the relevant regulatory guidance? OECD Principle and SEC Memo 6-2009
How is the effectiveness of the audit committee affected by the organization’s culture?
How do group boards or subsidiary company boards or boards of small associations obtain assurance?
2. DECIDING WHAT THE AUDIT COMMITTEE DOES AND DOES NOT DO
What must the board do itself?
How can the board achieve an appropriate level of delegation and give real authority to the audit committee?
How does the audit committee relate to the board?
How does the audit committee establish a constructive relationship with management?
How does the audit committee communicate with the auditors?
How can the audit committee best handle ‘in camera’ meetings?
How can we be clear about what the audit committee does not do?
3. SELECTING THE CHAIR AND COMMITTEE MEMBERS
What makes a good chair of an audit committee?
What is the optimum size for an audit committee?
Who sits on the audit committee?
Who else should attend audit committee meetings?
What skills and experience do audit committee members need?
What competencies and attributes do audit committee members need?
What induction and training do audit committee members need?
4. PLANNING THE AUDIT COMMITTEE’S WORK PROGRAMME
How often should the audit committee meet, when and for how long?
How can the audit committee manage its work plan and agenda?
How does the audit committee input to the audit plan?
How does internal audit link to the business planning process and priorities?
How can the audit committee keep track of the implementation of recommendations?
Lecturer 2: Lilian S. Linsangan, CPA, CIA, CFE, CCSP
Partner and Division Head, Specialist Advisory Services
Punongbayan & Araullo
1. TOP TEN BEST PRACTICES FOR AUDIT COMMITTEES
Audit Committee Charter
Independent and Candid Communication
Self- Assessment
2. MEETING AUDIT COMMITTEE CHALLENGES
A New Level of Audit Committee Involvement in:
a. Corporate Governance
b. Risk Management
c. Internal Control
d. Reliability of Financial statements / Financial Reporting
3. READING AUDIT REPORTS
What should raise alarm bells in the external audit management letter?
How do you ensure you have spotted all the key issues in an internal audit report?
What should you look for in the chief executive’s annual report on the effectiveness of internal controls?
4. APPRAISING THE PERFORMANCE OF THE AUDITORS
How do you review the auditor’s performance?
What are the auditor’s qualifications?
What is the auditor’s experience and resources?
How do you judge the auditor’s effectiveness?
How do you secure the independence of the auditors?
DAY 2: Friday, July 22, 2010
Lecturer 3: Juancho B. Robles, CPA, CIA, CFE, CISA, AQV, MM
Chairman, Audit Committee
Partner, Risk Management
Partner, Specialist Advisory Services
Punongbayan & Araullo
1. RISK MANAGEMENT TOOLS FOR THE AUDIT COMMITTEE
a. The Risk Management Process
i. What is the role and purpose of risk management in your company?
ii. How can your Audit Committee help implement enterprise-wide risk management in your company?
b. Risk Management Activities
i. What are the various risk management activities?
ii. Who are involved in conducting risk management in a company?
c. Key Risk Areas of the Audit Committee:
i. How do you address or manage the following key risk areas related to the functions of your Audit Committee?
• Performance of oversight functions
• Management Activities
• Internal Auditors
• External Auditors
• Monitoring and evaluation of the company’s internal control system
• Review of financial statements and related reports
• Monitoring compliance with laws and regulations
• Trainings
• Meetings
• Special investigations
• Charter and assessment of audit committee’s performance
2. ASSESSING AND APPRAISING THE AUDIT COMMITTEE’S EFFECTIVENESS
How can an audit committee assess its performance?
How can such exercises be used to improve effectiveness?
How can individual audit committee members’ performance be assessed?
How does all of this improve the effectiveness of governance?
3. DEALING WITH EXTRAORDINARY EVENTS
How does the audit committee deal with whistle blowing?
How does the audit committee deal with fraud or impropriety?
When, and how, should the audit committee commission a special investigation?
What role has the audit committee with accounting policies?
How does the audit committee deal with the resignation of auditors?
4. PROCURING AUDIT SERVICES
Why should the audit committee be involved?
How do you decide who to invite?
What should be in the invitation to tender?
How should the selection criteria be set?
What information should be provided to tendering firms?
Who should attend the scoping meeting?
What about the proposal?
How should you run the presentation?
FREE REFERENCE MATERIALS TO BE GIVEN TO REGISTERED PARTICIPANTS
a) Examples of audit committee terms of reference
b) Example of an audit committee annual reporting work plan
c) Slide exemplifying timelines and sequence of reporting for internal controls assurance
d) Example of questions on the internal audit plan
e) Example of report monitoring internal audit reviews
f) Slide exemplifying where internal controls assurance fits into the overall framework
g) Example of report tracking internal audit recommendations
h) Example of an invitation to tender for external audit
i) Example of an external audit independence protocol
j) Example of a brief for a special investigation
k) Example of questions for an audit committee’s self-assessment of its effectiveness
l) References and further reading
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SEMINAR FEE PER PERSON: P 12,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before June 21, 2011)
• Less 5% for early payment (if made on or before July 11, 2011)
• Less 5% for group registration (minimum of 3 participants)
SEMINAR FEE PER PERSON: P 12,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before June 21, 2011)
• Less 5% for early payment (if made on or before July 11, 2011)
• Less 5% for group registration (minimum of 3 participants)