Audit, Assurance & Compliance - Doc
Added on 2021-05-31
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Running head: AUDIT, ASSURANCE & COMPLIANCEName of the StudentName of the UniversityAuthor note
AUDIT, ASSURANCE & COMPLIANCE1Table of ContentsIntroduction:...............................................................................................................................3How Vocus group implements the corporate governance fundamentals of ASC?....................3Administration of risks:..............................................................................................................6Conclusion:................................................................................................................................9References:...............................................................................................................................10
AUDIT, ASSURANCE & COMPLIANCE2Executive Summary:Since the day business had started, risk was closely associated with it. From the days of the barter trade, till today’s e-commerce, risk has become an integral part of the business proceedings. Similarly, proper management of the company has always been necessary for itsoverall success. It is important for protecting the interests of the stakeholder of the company. Through this project, an effort has been made in order to understand the concept of risk assessment and corporate governance in the context of telecom companies. For this report, Vocus Group has been chosen as the company for showcasing the risk assessment proceedings and various financial analysis. How the principles of company governance are implemented have also been extensively shown.
AUDIT, ASSURANCE & COMPLIANCE3Introduction: Careful assessment of risks and proper governance of any organisation is ofparamount importance to its overall success. Business are always conducted in a riskyenvironment, nevertheless, the aim of the management of the remains to conduct the businessin a swift and smooth manner. Be it financial risks, material risks of any nature or risksassociated with the environment, safety of employees, the management always aims to findways to mitigate these sort of risks. In similar fashion, corporate governance is alsoimperative for any organisation’s overall success. Governance of the organisation inaccordance with the established rules and regulations, is necessary for protecting the interestsof the various stakeholders of the business organisation. In this report, a risk assessmentanalysis and governance of corporate laws have been made for Vocus Group, a leadingAustralian telecommunications.How Vocus group implements the corporate governance fundamentals ofASC?Vocus Group is an Australian telecommunications company, which is based inSydney, Australia. It deals in providing high quality wholesale and businesstelecommunications services across New Zealand and Australia. It is a young company andwas founded in the year 2008 by entrepreneur James Spenceley (Vocus Group). Since then, ithas become one of the most important telecommunications company in the Australiantelecom market. Its implementation of the corporate rules of ASX are as follows:Rock solid foundation for better management: The aim of the board of directorsremains to implement the strategic aims of Vocus along with the protection of theinterest of its stakeholders. It has a board charter which has helped to define the rolesand responsibilities of the board. The board is directly responsible and accountable to
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