Risk Management, Internal Control and Audit Seminar in Davao City

Posted on May 26, 2017

Event Start Date:
June 15, 2017
Event End Date:
June 16, 2017
Event Venue:
Lispher Inn, Juna Subd., Matina, Davao City

The Mindanao Microfinance Council, Inc. in collaboration with the Social Enterprise Development Partnerships, Inc. (SEDPI) had organized a 2-day Seminar on Risk Management, Internal Control and Audit held last June 15-16, 2017 in Davao City, which was well attended by 31 participants coming from the following institutions:

BCS Credit Cooperative
CARD, Inc.
Lambo Surigao Foundation, Inc.
Surigao Economic Development Foundation, Inc.
Serviamus Foundation, Inc.
Pagasa Philippines Lending Corp.
Rural Bank of Placer, Inc.
Spes Pauperum Foundation, Inc.
USPD Savings & Credit Cooperative
Tagum Cooperative

This course is part of Ateneo-SEDPI Microfinance Capacity Building Program, designed to help microfinance institutions identify the different kinds of risks they are facing in the organization. The course provides guidelines for establishing operational activities that assist the MFI in identifying vulnerabilities, designing and implementing controls and monitoring the effectiveness of controls. There is special emphasis on problem prevention, early problem identification and control. The course also highlights problem resolution and installation of proper information systems as a means for risk management and internal control. The course also provides in-depth discussions on how internal and external audits are conducted, and how they could be used to the advantage of an MFI.

Discussions during the said seminar evolved on the following topics of discussion: Understanding Risk Management, Internal Control on Human Resource, Business Cycle Approach, Internal Control Measures and Internal Audit.