Governance, Business Ethics, Risk Management, and Internal Control provides an introductory discussion of the concepts and practices underpinning how companies are governed through the functioning of corporate boards, the implementation of corporate ethics, risk management, and internal control systems. This textbook is organized into seven chapters that discuss the interrelated fields of corporate governance, business ethics, risk management, and internal control. Governance codes, risks, and control frameworks are tackled in a way that strikes a balance between principles and application in everyday corporate life. High-profile corporate scandals such as the Enron bankruptcy are incorporated into the discussions to give accountancy students the “feel” of actual issues in corporate governance. Lastly, risk assessment and control templates are introduced in this textbook to present visuals to students to enhance their understanding of the topics. Governance, Business Ethics, Risk Management and Internal Control
ABOUT THE AUTHORS
JESSE REY L. MENESES, CPA, CRFA, MBA
He is a CPA and a certified forensic accountant (CrFA). He is a visiting reviewer at the CRC-ACE CPA Review School, teaching the subject of auditing. Mr. Meneses was formerly the chairperson of the Financial Management program at Tarlac State University. He teaches at the Kingfisher School of Business and Finance, one of the top-performing schools in the CPA Examinations. He placed first in the Capital Market Institute of the Philippines’ Investment Teachers’ Accreditation Program (CMIP-ITAP) examination in May 2010. Mr. Meneses lectures on corporate governance, internal control, and financial reporting and analysis for continuing professional development seminars conducted by the Philippine Institute of Certified Public Accountants (PICPA) and several publicly listed entities. He also lectures on the corporate governance and internal control sections of the US Certified Management Accountant (CMA) Review. In government service, Mr. Meneses previously served as an acting assistant provincial budget officer of the Provincial Government of Tarlac. At present, he works as Executive Assistant IV to the Governor and is assigned to the Provincial Planning and Development Office, handling public financial management and analysis matters.
EUGENIO V. VILLACERAN, CPA, MBA, CTT
He is a certified public accountant with a master’s degree in business administration and a certified tax technician. He graduated from the Polytechnic University of the Philippines-Manila with a bachelor in accountancy degree (magna cum laude) and placed among the top 20 passers in the CPA licensure examinations. He earned his MBA from De La Salle University-Manila. Mr. Villaceran has served in various capacities in the areas of finance, accounting, and tertiary and continuing professional education in the last three decades. These include stints as program head of the Accountancy Department at Far Eastern University, manager at the Technical Advisory Group of KPMG Philippines (a global Big Four accounting firm), and as the technical and training director at the Philippine Institute of Certified Public Accountants (PICPA), the accredited integrated professional organization of CPAs in the country. His subject specialties are the fundamentals of accounting, business management, and financial reporting standards. Besides being a book author, Mr. Villaceran is also a business consultant, a professional lecturer, a social media marketer, a good governance advocate, and a follower of Jesus Christ. He is training to secure certification as a life coach.
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