Assignment 1: Research in Ethical and Corporate Governance Requirements
Students need to conduct a desk research and answer the following questions in a 2,000-word research report. Students must include legislation requirement and relevant examples.
Required:
Discuss the following;
a. How is good corporate governance achieved and how does it assist with the framework of rules, relationships, systems and processes within an organisation?
b. Explore the corporate governance requirements, organisational policy, and financial delegations and accountabilities
c. Discuss ethical considerations and confidentiality for management and handling of files and records.
d. How can companies promote responsible and ethical decision-making?
e. Identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements.
f. describe the key requirements of organisational policy and procedures relating to:
• corporate governance
• financial delegations and accountabilities

* Learners and assessor should refer to the assessment evidence checklist & record as below:
Assessment Task 1 Assessment Evidence Checklist & Record
Learner’s ID: ______________________
Learner’s Name: ___________________________________
Performance & Knowledge Evidence C/NYC Comments
Interpret and comply with corporate governance requirements, organisational policy, and financial delegations and accountabilities
Review corporate governance requirements and implement effective operating procedures
Discuss ethical considerations and confidentiality for management and handling of files and records
Identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements
Describe the key requirements of organisational policy and procedures relating to:
? Corporate governance
? Financial delegations and accountabilities
Comments:
Signed by Learner:
Date: Signed by Assessor:
Date:
Assessment 2 - Case Study
The following situations have occurred during the year at your audit client, Electric Blue Ltd, a large chemical company:
(a) A clerk entered the wrong account number for a customer while entering the sales transactions for the day on the computer. As a result, that customer's purchases were entered on the account of another customer, who was very annoyed when he received a bill for goods he had not ordered or received.
(b) A keypunch operator incorrectly entered a customer payment as $575.00 instead of $5 750.00
(c) During a demonstration against Electric Blue Ltd's environmental record, several people forced their way into the company's computer centre, which was on the main level of the office building. The protestors smashed the computer equipment and damaged other office equipment. As a result the company's computer system was inoperable for several days.
(d) A computer operator on the night shift knew more about the company's computer system than anyone else. During a period of several months, she accessed the master payroll program, which was stored online, and increased her tax withholding so that she would get a large refund when she filed her tax return.
Required
Identify a control policy or procedure that would have prevented or detected each of the situations above.

* Learners and assessor should refer to the assessment evidence checklist & record as below:
Assessment Task 2 Assessment Evidence Checklist & Record
Learner’s ID: ______________________
Learner’s Name: ___________________________________
Performance & Knowledge Evidence C/NYC Comments
Review corporate governance requirements and implement effective operating procedures
Monitor policy and relevant financial legislation.

Discuss ethical considerations and confidentiality for management and handling of files and records
Identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements
Explain a range of methods of work practices and routines relevant to internal control procedures
Describe the key requirements of organisational policy and procedures relating to:
? Corporate governance
? Financial delegations and accountabilities

Identify and explain the key principles of internal control and auditing.
Comments:
Signed by Learner:
Date: Signed by Assessor:
Date: