Best Practices for the Board’s Audit Committees

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 is one of the reasons why corporations are now focused on strengthening the effectiveness of their audit committees.  To address the clamour of board directors and management for a professional and formal training on this very important issue, the Center for Global Best Practices is re-running its yearly pioneering CPD-accredited best practices program entitled, Board Directors’ Guide for Audit Committees to be held on Wednesday and Thursday of July 6 & 7, 2016 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines

This unique program is designed for board chairmen who must fully understand the functions and roles of audit committees to lead effectively, for the audit committee members and chair so they know what they must really do and not do, for the board directors and members of management including CEOs, CFOs, auditors, and accountants so they can all learn how to craft a working program and agenda with audit committees to relate and align their working relationship more effectively.

 This once-a-year event is a very useful guide with practical applications to help audit committees work more effectively.  The special event will feature the top 10 best practices for audit committees, 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 the board and audit committees. It will also feature PriceWaterhouseCoopers findings and valuable research on the global best practices of world-class audit committees.  Attendees of this one-time event will get free templates and practical reference materials that they can use and apply immediately to simplify their work and save time in crafting an audit committee program. Participants are encouraged to avail of the early bird group discounts.  Full details and all other upcoming seminars are at www.cgbp.org.  For queries, please contact program officer Camille Jonas through email camille@cgbp.org or manila telephone numbers 556-8968/ 69;  Cebu lines (032) 512-3106/ 07 or Baguio number (074) 423-5148.

The special lecturers for this event are Judith Lopez, former chairperson and senior partner of Isla Lipana and Company, a member firm and Philippine office of the largest accounting firm in the world, PriceWaterhouseCoopers.  She will share her valuable insights in Audit Committee Effectiveness with her 34 years of experience of practice in her profession. It will also feature Juan Carlos Robles, MM, CPA, CIA, CFE, CISA, CRMA, FICD who has recently completed his Owners-Presidents’ Program at Harvard Business School.  He held 3 positions at Punongbayan and Araullo such as being chairman of its audit committee, partner of risk management and partner of specialist advisory services division. 

The next time you have a board meeting, YES, you can speak up authoritatively about audit committees. Bring your group and avail of the early bird and group discounts. Pre-registration is required in this limited-seats-only event.