Analysis of Corporate Governance Principles and Audit Risk in Scentre Group

HI – 6026 Auditing, assurance and
compliance
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Executive Summary:
The corporate governance in a company refers to the set of standards which must be followed in
the company in order to ensure a sound and healthy corporate environment. The corporate
governance framework developed in the company reflects the way directors are committed to
their work and considers the interest of all the stakeholders of company. The principles paid
down in context of sound corporate governance helps in evaluating the hierarchy of standards
with which the senior management is working in the company. The report will be in context of
the analysis of corporate governance principles and analysing the quality of audit work
conducted in the company in respect of recognizing the audit risk matters affecting the continuity
of business operations. The audit risk strategy will be analysed and suggested in this report.
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Contents
Executive Summary:........................................................................................................................2
Introduction:....................................................................................................................................4
Content:............................................................................................................................................5
Implication of ASX Corporate Governance Principles in Scentre Group:..................................5
Risk assessment of the company:.................................................................................................8
Conclusion:....................................................................................................................................10
References:....................................................................................................................................11
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Introduction:
The report will include the explanation about various corporate governance principles which
guides the framework of corporate governance implemented in the company. The principles will
be evaluated in context of a company Scentre Group which is one of the ASX listed company
and has been operating its business operations in Australia and New Zealand. The report will
also include the analysis of audit risk matters which are considered by the auditor while
managing the audit risk in the company and suggesting potential steps in order to reduce or
minimize the audit risk concerned. The overall report will guide the behaviour of the auditor.
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