Center for Global Best Practices

In a survey conducted by the largest accounting firm in the world, PricewaterhouseCoopers, 54% of Philippine companies experienced economic crimes and fraud in the last two years. According to the 2018 Global Economic Crime and Fraud Survey, asset misappropriation (53%) ranked one on the list of economic crimes experienced by companies, followed by business misconduct (38%), procurement fraud (35%) and accounting fraud (29%). Don’t let any of these happen to your organization! To save your companies from millions of preventable losses, the Center for Global Best Practices will host a program entitled, “ Best Practices in Implementing Effective Business Controls ” scheduled on Thursday, August 16, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. This one-day training will teach you the best practices of setting up, maintaining and managing internal control as part of company risk management strategy. Determine how you can improve internal control to boost sustainab...

When do you know it’s time to set an internal audit function for your business? An internal audit group or a person is essential as soon as you start delegating key functions to other people such as finance, cash disbursements and receipts, procurement of inventories, maintenance, and even marketing. Someone has to review if the work is done right and complying with policies and procedures to ensure that no cheating, fraud or abuse is happening. The Center for Global Best Practices is launching this special program entitled, " Best Business Practices on How to Set Up an Internal Audit System " on Thursday & Friday, May 10 & 11, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. While external auditors play a big role in business, they rely only on the truthfulness of the financial statement provided to them.   But external auditors get to check after the fact or after fraud has happened.   When you want to prevent fraud before it happens, this...