Group comptroller Mon Pagdagdagan (4th from left), Comptrollers’ Circle’s Marvi Marcelino (extreme left), Paz Balayan (3rd from left) and Jei-Jei Gertes (5th from left) with PwC Isla Lipana & Co. officersThe Comptrollers’ Circle of the Lopez Group held its yearly seminar workshops at the ABS-CBN Training Hall of the ELJ Communications Center.
The conferences, which were attended by more than 160 members, covered the latest developments in Philippine Financial Reporting Standards (PFRS), risk management, corporate governance and in the Bureau of Internal Revenue (BIR) and Securities and Exchange Commission (SEC).
The newly appointed Group comptroller, Ramon T. Pagdagdagan, opened both conferences and gave his welcome remarks. The seminars were hosted and facilitated by Ana Maria del Rosario and Jei-Jei V. Gertes of the Comptrollers’ Circle Core Team.
The speakers during the two-day workshops were Atty. Ma. Gracia Casals-Diaz, the SEC general accountant, who gave updates on the SEC’s financial reporting regulations and on the Code of Corporate Governance, and evaluation results of the 2012 audited financial statements; Janette Cruz, OIC assistant director of BIR Revenue Region 10-Legaspi City, who talked about the recently issued tax regulations; PwC Isla Lipana & Co. director and managers, namely Atty. Carlos Hilario Mateo, Atty. Jose Jaffy Azzaraga and Atty. May Jean Balboa, who discussed updates and common assessment issues on various taxes; and SGV & Co. partners Maria Vivian Cruz-Ruiz, Joselito Lopez, Christine Vallejo, Editha Estacio, Noel Rabaja, Johnny Ang and Reynante Marcelo, who presented updates on risk management, PFRS, SEC, transfer pricing, tax and the 2013 Lopez Group audit plan and reminders.
On December 11, the Comptrollers’ Circle will have its annual general assembly and Christmas fellowship still at the ELJ Communications Center. This group-wide convention is organized annually to update Lopez Group comptrollers and accounting and financial officers on current developments on relevant topics outside the sphere of accounting and financial reporting, with the end view of assisting them in their personal development. This event will also coincide with the Christmas party aimed at fostering fellowship and camaraderie.
This year marks the 14th year of the Comptrollers’ Circle. Through the years, it has continuously aimed to maintain a high quality of financial reporting in the Lopez Group and to promote work-life balance among its members. Its major achievements include the development of a uniform chart of accounts and accounting policies, and the issuance of an updated planning and control manual for the Lopez Group.
The Lopez Group Comptrollers’ Circle Core Team includes Pagdagdagan, Gertes, Marvi Marcelino, Jingle Hernandez, Lanie Caimol and Vicky Martinez. (Story/Photo By Jei-Jei Gertes)