Value Added Tax Course (VAT Course)

This course starts with an introduction to corporate governance and Enterprise Risk Management (ERM) and goes into the details of risk responses available to management. The course then tackles controls at board and senior management level and looks into the business and reporting cycles. We also cover controls in the purchase and payment cycle, HR and payroll cycle, inventory and production cycle, long term assets life cycle and collection cycle. In addition, the course discusses information systems control, administrative and safety controls, financial reporting controls, physical controls and external reporting controls. Participants are encouraged to share with management the proper measures and controls for the risks at hand.

By the end of the course, participants will be able to:

•Define the GRC system

•Devise controls that are appropriate for the risks at hand

•Implement segregation of duties and internal controls in the accounting department and business cycles

•Safeguard information technology systems and data centres

•Design and maintain financial controls

•Comply with financial and other external reporting requirements

Three days