The Institute of internal Auditors Philippines, Inc.

The Institute of Internal Auditors (IIA) Philippines is a professional organization dedicated to the advancement of the internal audit profession in the country. Our members, who work in internal auditing, risk management, governance, internal control, information technology audit, education and security, came from various industry or sectors in the Philippines and belong to a global network of almost 200,000+ professionals from more than 170 countries and territories sharing a common vision of a global profession of internal auditing.

The Institute of Internal Auditors Philippines Inc. (IIAP) was registered with SEC in 1982 and formerly known as The Institute of Internal Auditors, Inc. – Manila Chapter. It was founded on August 14, 1948 by Mr. Santiago F. Dela Cruz Sr. along with a small group of accountants actively engaged in the profession. Mr. Dela Cruz, who is considered to be the moving spirit of the association, is the same man who, two years earlier than IIAP, co-established the Philippine College of Commerce and Business Administration (PCCBA) which we now know as the University of the East.

The IIAP despite some struggles during its formative years was able to attain full-fledged stature as a professional association upon earning its “Institute” status from The Institute of Internal Auditors (IIA Global) in 1990. At the time, IIAP is 1 of the 6 (six) chapters in the Pacific Region (others were in Bombay, Tokyo, Sydney, Melbourne and Ceylon). On its 75th Anniversary Celebration and Global Business Meeting last 16-17 July 2016 at New York Hilton Midtown, the IIAP was acknowledged as the 3rd Chapter organized by the IIA Global since the latter’s founding in 1941 still then headquartered in New York City, USA

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Event Details

Focus and Features

Without any doubt, for today's businesses one of the very first steps for being successful in the global business arena is to be aware of their intellectual assets. The value of intangibles, like human resources, knowledge and intellectual property (IP), is now a greater proportion of the total value of most businesses than the value of tangible assets, such as land, vehicles, machinery and cash. Strong IP and a robust IP strategy can enable a company, of any size, to survive economic downturns as well as to grow sustainably during the boom period.

Intellectual property audit can have a significant role in identifying companies' intangible assets and providing information on their strength by studying the IP rights associated with those assets. It also has a meaningful role in clarifying the ownership issues, assessing the value of the IP, securing the IP rights in the most effective manner, and avoiding prolonged and costly legal proceedings by averting infringement of others' rights. The IP audit also helps to establish an IP-oriented culture within the company.

The main objectives of this training are as follows:

  • Identify Types of Intellectual Property (IP) and determine your IP Rights
  • Determine specific steps in planning the audit of IP
  • Perform Preliminary review of controls related to IP
  • Perform Specific Test of Controls and detailed testing of Intellectual Property
  • Evaluate control systems to determine control adequacy and effectiveness related to IP
  • Write the IP audit findings in summary report

What You Will Learn

I. Types of Intellectual Property and Understanding of IP Rights

  • Patents
  • Trademarks
  • Copyrights
  • Trade Secrets
  • Identification of Documentation Relating to Intellectual Property

II. Audit Planning

  • The Audit Team
  • Purpose of the Audit
  • Scope of the audit
  • Allocation of time and budget

III. The Preliminary Review

  • Tone at the Top
  • Responsible Function and Information to be Collected
  • Sample Audit Steps and Inquiries
  • Current Policies and Procedures
  • Competence of Organizational Personnel
  • Risk and Audit Resources

IV. Flowcharting the Process and Operation Review

  • The Organization of Personnel

i. By Product

ii. By Territory

iii. Various Influences on The Process

  • Flowcharting The Process
  • Sample Audit Steps and Inquiries

i. Tracking System

ii. Operational Improvement

V. Control Design and Evaluation

  • The Internal Control Questionnaire
  • Evaluate Corporate Policies and Procedures
  • Safeguarding of Assets

VI. Substantive Testing

  • Existence and Occurrence
  • Rights and Obligation
  • Valuation and Allocation
  • Presentation and Disclosure
  • Completeness
  • Additional Steps and Inquiries to Consider

i. Patents

ii. Trademarks

iii. Copyrights

iv. Trade Secrets

v. Selling and Acquiring

VII. Reporting

  • Address the Impact
  • Sample Audit Issues
  • Support positions
  • Consider distribution

VIII. Case Studies

IX. Seminar Conclusion

  • Plan for Action


Michael Cabatuando (ASPAC Privacy Compliance Head and Data Protection Officer at Johnson & Johnson)

Michael Cabatuando

ASPAC Privacy Compliance Head and Data Protection Officer at Johnson & Johnson

Sponsors and Partners

Member's rate

Standard Price₱995.-

Non-member's rate

Standard Price₱1,995