A call is being made to professionals in the area of auditing and risk management to attend the first Latin American Seminar on Governance, Risk and Control on April 14 and 15 in Panama.
The Latin American Foundation of Internal Auditors (FLAI) and the Institute of Internal Auditors of Panama (IAI Panama), in partnership with the Institute of Global Internal Auditors (IIA Global) is convening the first Latin American Seminar on Governance, Risk and Control - SELAT GRC 2016 , on April 14 and 15 to be held in the Hotel Riu Panama Plaza, reported Panamaamerica.com.pa.
Under discussion in the Salvadoran Congress is the application of equal fiscal controls and management for private companies and those made up of mixed capital.
Public-private companies should be subject to the same controls and audits as those consisting of 100% private capital, because lack of transparency in controls of some of them and excess controls in others affects competitiveness and economic development.
An alternative solution to the perennial conflict of interest is paying for audits through a third party.
"Auditors are paid by the companies they audit, in the same way that rating agencies are paid by the companies they rate. That gives auditors an economic incentive to lie on behalf of their clients, even if it threatens their reputation. As the saying goes: Those who give the orders, pay", published Online.wsj.com.
The government of Costa Rica suspects that SICA resources are being spent on salaries and consultants, and not fulfilling its corporate objectives.
Upon assuming the presidency Costa Rica pro tempore of the Central American Integration System (SICA), Foreign Minister Enrique Castillo commented on its resource management saying: "You ask for information on some of the monies that are being handled in the SICA, and there is none available.
KC Public Accounting is a full service public accounting firm. We are a member firm of RSM International which expands our reach and capacity to help you with your specific business needs.
Organization that operates in El Salvador
Phone: (503) 25349944
Chicas Vilchez & Ruiz is a professional finance and accounting firm providing Auditing, Consulting, Outsourcing, and Tax services in El Salvador, Central America and the United States.
Organization that operates in El Salvador, Costa Rica, Guatemala, Panama, Honduras and Nicaragua
Phone: (503) 2264 8069