Now that the procedures and the implementation timetables have been developed (refer to skills assessments 2 and 3) for Gelos you are going to implement the procedures by presenting them to your stakeholders. During the presentation you will need to consult with the stakeholders to gather feedback. You will need to ensure that the main features of each of the procedures are discussed and clarified with the group. You may consider using a presentation tool to present the procedures to your stakeholders. As this scenario is a business meeting, the venue for the role play is a quiet room that simulates a conference room in the workplace with table and chairs laid out in such a way to facilitate face to face discussion. Role of the student being assessed You are the consultant that has been brought in to review the internal control procedures and the corporate governance for Gelos Enterprises Pty Ltd. During your role play you must demonstrate the following skills: 0 Implementation of internal control procedures for cyber security and data 0 Implementation of internal control procedures for safe handling of payments 0 Using active listening and questioning to review and consult financial delegations and accountabilities F3177}? II 'I hz 0 Present and clarify information presented in reports (procedures and the financial delegations table) and elicit feedback to ensure consistency and compliance with internal control procedures 0 You are required to present you findings and recommendations within 2 weeks of your review. Role/s of the person/s in supporting roles Ask colleagues or other students to act in the supporting roles. Make sure each role has the scenario instructions to work from. Ensure there is enough information so that they can effectively contribute to the demonstration. Each supporting role must give feedback as part of the consultation process and will need to have a comprehensive understanding of the financial procedures. Therefore, familiarity with the type of content being presented and sufficient financial experience is required. Recommendations for at least one change for each new procedure must be provided. If students cannot access people to perform roles they can have a minimum of two participants playing roles 3 and 4. This role play will require the following roles: 0 Role 1: student as consultant 0 Role 2: Administration & Finance Director: The Administration 8: Finance Director is responsible for reviewing and authorising the changes to both the Accounts Payable and Accounts Receivable policies. The person playing this role requires a basic understanding of u u .4 Accounts Receivable policies. The person playing this role requires a basic understanding of accounts payable and receivable controls such as segregation of duties and dual authorisation of payments. 0 Role 3: Information 8: Technology Director: The Information & Technology Director are responsible for the reviewing and authorising the changes to the Cyber Security policy. The person playing this role requires a basic understanding of data protection controls such as multifactor authentication. 0 Role 4: Managing Director: The Managing Director, as the head ofthe business, will chair the meeting and have the final say. The person playing this role does not require any specific knowledge but should display behaviours of an organised and confident individual. 0 Role 5: Financial accountant: The financial accountant is involved in processing so their input will be valuable during the discussion. The person playing this role requires a basic understanding of transaction processing controls such as authorisation of journals and end of period procedures. Time allowed Your role play should take approximately 20 minutes to perform and/or record. Demonstration 1: Using the feedback gathered in Part 1 of this assessment complete the necessaryr changes in each of your procedures. The modified documents are required to be submitted with this assessment. Ensure that each modification is checked against an authoritative source (these are to be listed in the table for task 2) for compliance to corporate governance principles for operations. For this task, you must demonstrate: At least one change per procedure (3 procedures) as per the recommendations from the meeting. Save these documents as V2. While you are performing the task, you must demonstrate each of the following activities: 0 maintain and review financial delegations and accountabilities 0 develop and implement modifications to procedures and facilitate their compliance with internal control procedures. While you are performing the task, you must demonstrate the following skills: Table 5 Observation details observable criteria Did the student? Part 1 Role Play 1. Implement internal control procedures for cyber security and data 5 U/S 2. Implement internal control procedures for safe handling of payments. 5 U/S 3. Uses active listening and questioning to review and consult financial 5 delegations and accountabllltles U/S 4. Present and clarifyr information presented in reports and elicit feedback to 5 ensure consistency and compliance with internal control procedures U/S Table 6 - Assessor feedback