021922 Masterclass in Internal Control and Risk Management

Masterclass in Internal Control and Risk Management
Irrespective of the nature, complexity and size of businesses, from small and medium enterprises to multinational corporations, a company must have appropriate internal control measures in order to secure compliance with respective standards, and to have more effective business operations. Employees and those in-charge of governance must realize the importance of control and its impact in the daily conduct of businesses. This program may be used as benchmark or start-up guide in the design and implementation of their own internal control system.

Course Objectives

  • To support participants develop and implement a sustainable risk culture within their organization. This course will provide the guidance on the practical application of the COSO Enterprise Risk Management (ERM) framework.
    To apply a risk-based approach on business priorities for controls and decision-making.
  • To be able to apply effective methods of preventing or spotting theft and irregularities.
  • To teach management how to safeguard assets and to monitor true financial performance.
  • To know the practical applications of internal control procedures.

Who Should Participate

This executive program is designed for finance professionals, businessmen, managers, supervisors, auditors, compliance personnel, employees with delegated authorities and those who want to improve the internal control system of SME companies and enhance compliance.

Registration fee

AED 350 VEB Rate
  • Learn and understand COSO Enterprise Risk Management (ERM)
  • Apply Control Environment Impact of Corporate Culture in implementing ERM
  • Implement Risk Management Identification of critical factors to the achievement of Objectives
  • Explore Governance of Risk: Three Lines of Defense

Course Outline

a. Concept of internal control system
b. Elements affecting internal control

a. Common benefits of internal control to business
b. Operation activities
c. The assertive financial reporting

a. Internal control of ordinary businesses
b. Common mistakes, error and misconduct that affects business operations and financial reporting
c. Internal control in different business organizations: cost and benefits
d. Is verbal internal control enough?

a. Cash, inventory, supplies, fixed assets and other important assets
b. Accounts payable
c. Capital
d. Business documents such as checks, bank statements and invoices

Tools that may help for effective control

Class Schedule

Profile of the Speaker:


Ms. Christine Filomeno

– Member of the governance board of Philippine Institute of CPAs (PICPA) Dubai Chapter

– Level 3 Certificate in Leadership by the International Leadership and Management (ILM) accredited in London.

– Resource Speaker of Philippine Business School across various topics particularly in effective communication, negotiation skills, internal controls, system implementation, internal auditing, governance reviews, accounting and reporting, business development among others

-Passionate in sharing knowledge advocating experiential learning

– Her varied exposures in the corporate, socio-civic and church affiliations are significant factors that propelled her career and enabled her to improve in social and civic competencies across various nationalities and levels in the organizations.

– Former President of the Philippine Institute of CPAs – Dubai.

– Former Internal Audit Manager of Al Tayer Group, LLC

– A mentor and a community leader.

Testimonials from the students


For inquiries:

email: admission@phbusinessschool.com
whatsapp numbers:
+971 56 888 1477
+971 54 766 2888