What Audit Committees Do or Don't Do

A crucial part of a board’s effectiveness is to fully understand the function of its audit committee whose chairmanship is normally assigned to a board director. With the SEC’s 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.  With this in consideration, the Center for Global Best Practices has come up with a program called “Board Directors’ Guide for Audit Committees” to help board chairpersons, directors, members of top management, CFOs, auditors, and accountants understand what audit committees do and don’t do. The event will be held on July 21 & 22, 2011 at the EDSA Shangri-La Hotel, Mandaluyong City.

This CPE-accredited program is a very useful guide that 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.

This seminar will feature top CPAs and auditors.  The first lecturer is Atty. Rosario S. Bernaldo, CPA, MBA, who 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.

Another lecturer is Lilian S. Linsanga, CPA, CIA, CFE, CCSP, who is the 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.

The third lecturer is Juan Carlos B. Robles, CPA, CIA, CFE, CISA, who 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.

For more information, visit www.cgbp.org or call (02) 556-8968/69 (Manila) or (032) 512-3106/07 (Cebu) and look for Ms. Zennie Escudero. Discounts are available for those who register and pay early and those who will attend in more groups of 3 or more. Pre-registration is required.