Research the Baring Bank failure in 1993 and identify the governance failure. 1.1.1. What changes to processes
Question:
Research the Baring Bank failure in 1993 and identify the governance failure.
1.1.1. What changes to processes might have prevented such governance and corporate failure.
1.2. Look up "What are the Five Accounting cycles?" by Kirk Thompson and list them.
1.3. Research the 2018 Commonwealth Bank Dollarmite scandal.
1.3.1. Which of the five accounting cycles were affected by this scandal, explain your reasoning.
1.3.2. Review the Commonwealth Bank's Corporate Governance Statement 2017 and identify where the scandal breached the bank's corporate governance standards.
1.3.3. Identify one of the Accounting cycles and suggest an internal control that if implemented and monitored could reduce the chance of this happening again or in another bank?
1.4. Review the Corporate Governance Policy of Wattle Health and identify three procedures that would contribute to the Policy Key Result Areas.
1.4.1. What KPIs could be monitored to provide confidence that these three KRA objectives are being met?
1.5. Explain the requirement of para 22, Division 3 of the South Australian Work Health and Safety Act 2012.
1.5.1. How would a company engaged in the business of building construction design a KRA that helps compliance with this part of the Act.
1.5.2. What KPIs could be monitored to provide confidence that KRA objectives are being met?
1.6. Research recent trends in corporate governance, what are some of these trends?
1.7. Review the AMP 2018 governance failure of fee for no service.
1.7.1. What governance procedures, if implemented properly could have possibly prevented this governance failure
1.8. Review the Cardiff and Vale University Health Board Internal Audit Report and its compliance preparation process.
1.8.1. Identify what Governance Policies might be in place to have guided the nature and structure of the Internal Audit report.
1.8.2. Describe the approach used by the Internal Audit Team and the mathematical and other methodology used to guide its recommendations.
1.8.3. Do you agree with the conclusion of the Internal Audit Team? Why?
1.9. Review the Procurement Policy and Section 8 Purchasing, Quotations and Tenders in the Prospect City Council Accounting Policy and Procedures Manual
1.9.1. What performance indicators might help determine/confirm compliance with the Procurement Policy.
1.9.2. Identify performance indicators for compliance with corporate governance requirements
1.10. The South Australian Environmental Protection Act para 38 (1) says 1.10.1. "An application for an environmental authorisation must be made to the Authority in such manner and form as is determined by the Authority and must be accompanied by the prescribed application fee."
1.10.2. What does this mean for an organisation?
1.10.3. What duties do directors have in relation to this? 1.10.4. Identify an internal control and monitoring process that could assist a Directors carry out their responsibility under this section of the act.
1.11. According to CPA Australia's guidance in "Internal Controls for small business internal control procedures are designed to fulfil at least one of what eight criteria?
1.12. Select a corporate governance policy from the Prospect City Council's website
1.12.1. Establish two KRAs and related KPIs that support that policy.
1.12.1.1. Discuss any weaknesses to the KPIs selected and suggest how this risk might be mitigated.
1.12.1.2. Establish a management and reporting process and plan that supports this KRA
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts