Audit and Assurance and Compliance
Added on 2021-05-31
16 Pages3110 Words40 Views
|
|
|
Running head: AUDIT AND ASSURANCE COMPLIANCEName of the studentName of the UniversityAuthor note
1AUDIT AND ASSURANCE COMPLIANCEExecutive SummaryIn the 21st century or in the ancient times, every business activity wascharacterised bytwo sets of features, one was risk and the other one was conflict. The absence of both of themis imperative for the business’s point of view. As risk could hamper the success of any firmor business, similarly, lack of efficient and proper management might derail the fortunes ofthe business. It thus becomes important for any company, big or small to assess these risksand address them. In the same way, prevention of conflicts between partners or members ofany business organisation is important, which is possible only through the adoption andimplementation of a set of rules and regulations to govern them and their actions. This projectdeals with the analysis of both these characteristics through the lens of Dexus Units FPStabled.
2AUDIT AND ASSURANCE COMPLIANCETable of ContentsIntroduction:...............................................................................................................................3Corporate governance:...........................................................................................................4Why is it necessary?...............................................................................................................4How Dexus implements ASX’s principles:...........................................................................6Risk administration and assessment...........................................................................................8Dexus’s Board Risk Committee.............................................................................................8Internal working procedures..................................................................................................8Conclusion:..............................................................................................................................13References:...............................................................................................................................14
3AUDIT AND ASSURANCE COMPLIANCEIntroduction:Every business in today’s world face insurmountable amount of risks on a daily basis.How successful any business organisation becomes, is only depended on the very major fact,that how well, they have been able to mitigate these very risks. As it has been seen, manyorganisations face failure because of their inability to assess these risks in a time boundmanner. Effective management of risks provides a wide range of comfort to all thestakeholders of the company. It also helps in confirming the compliance with the corporategovernance requirements. No matter how big or small the organisation is, risk management isrelevant to each and every business organisation. Its effectiveness ensure an all roundefficacy throughout the organisation. Similarly the importance of corporate rules andregulations cannot be ignored at all. A set of rules and regulations is necessary to manage thebusiness entity, in order to prevent its diversion from its prescribed path. With these twoimportant things, this report aims to delve into Dexus Units FP’s compliance of corporateprinciples of governance and its risk administration procedures.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents