Risk Summit 2020

With the COVID-19 pandemic almost paralyzing the global economy, leaders and experts from all sectors work hard to contain the virus—a race against time. How has the Philippine economy fared since the March-16 Luzon-wide enhanced community quarantine? How effective is the Philippine government's fiscal response program to address the impact of this pandemic, consolidating other factors like the national budget adjustment to cover expenses in battling the contagion, issues on social amelioration program, increasing unemployment? What are its specific plans to reinvigorate and assist MSMEs that comprise 99.9% of the economy?

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Panel Discussion: During the ECQ, a great number of companies were forced to temporarily close their businesses, thus displacing a lot of workers, many of whom were left with not enough income to meet for their basic needs. If not fully exhausted yet, savings may be held tightly for critical and future needs. Given this scenario, is there a way for government and private businesses to effectively restore consumer spending?

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End of Day 1

Panel Discussion: Working from home (WFH) has become the new normal among businesses and employees during the ECQ. The question is will telecommuting still be relevant in the new normal or until a potent vaccine is discovered?

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Panel Discussion: The COVID-19 pandemic impact on 2020 business plans of organizations drastically changed in a matter of days, significantly affecting the internal audit plan. Since this was prepared before the year started, some plans and activities are irrelevant or not longer possible to execute with the cessation of operations, limitations in movement, among other factors. What are the challenges in re-aligning the Audit Plan for 2020 and preparing a plan for 2021 in consideration of the new normal? Where and how should the CAE start? *subject to change

End of Day 2

If in place, effective risk management will facilitate quality decision making by management; thus, creating value for the organization. The Covid-19 pandemic has significantly put to test this statement and raised so many questions among the C-suites. Questions like: how inclusive the risk register of the company is, were systemic risks considered. And more importantly, is management risk response responsive? *subject to change

• Increasing Cybersecurity Risk during Uncertainty • Realigning Internal Controls to the Risks of the Changing Times • Sustainability & Climate Risk: Should We Prioritize Due to Pandemic? *subject to change

When the Pandemic strikes, it is not only the businesses & financial aspects that are affected. With the continuous extension of ECQ (modified or general), worries were looming among employees concerning how to survive, keep motivated, and adapt to the new normal including maintaining social interaction--at a distance. *subject to change

End of Risk Summit