Effective business controls training is essential

In a survey conducted by the largest accounting firm in the world, PricewaterhouseCoopers, 54 percent of Philippine companies experienced economic crimes and fraud in the last four years.

According to the Global Economic Crime and Fraud Survey, asset misappropriation (at 53 percent) ranked first on the list of economic crimes experienced by companies, followed by business misconduct (at 38 percent), procurement fraud (at 35 percent) and accounting fraud (at 29 percent).

To save companies from millions of preventable losses, the Center for Global Best Practices will host an online training entitled, Best Practices in Implementing Effective Business Controls to be held on June 9 and 10 via Zoom.

Registration is open to the general public and is a must for board directors, senior and top management, all entrepreneurs and business owners, accountants, auditors, controllers, investors, business decision makers and consultants.

Source: https://www.philstar.com/business/2021/05/24/2100310/effective-business-controls-training

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