Audit, Assurance and Compliances | Report

Running head: AUDIT, ASSURANCES AND COMPLIANCE
Audit, assurances and compliances
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AUDIT, ASSURANCES AND COMPLIANCE
Executive summary:
In this paper, the critical evaluation of the ASX corporate governance principles and
recommendations by giving a detailed description of all the eight principles has been
demonstrated. The likely impact which such corporate governance principles and
recommendation would have on the company in terms of the presentation of the information is
also demonstrated in the paper. In addition to this, the influence of all the identified corporate
governance principles on the audit approach, risk management process, audit strategy, audit
evidence and audit strategy have also been illustrated in the report.

AUDIT, ASSURANCES AND COMPLIANCE
Table of Contents
Introduction:....................................................................................................................................2
Discussion:.......................................................................................................................................2
Identification of the eight ASX corporate governance principles and recommendations:..............2
Evaluating the impact of full adoption of each of corporate governance principles and
recommendation:.............................................................................................................................2
Determining the impact of full adoption of the eight ASX corporate governance principles on:...2
Conclusion:......................................................................................................................................2

AUDIT, ASSURANCES AND COMPLIANCE
Introduction:
The report is prepared to evaluate the impact of eight corporate governance principles of
ASX on the company. Such evaluation is done by demonstrating the likely effect of the full
adoption of each of the corporate governance principle and recommendation. In addition to this,
the explanation and identification of the eight corporate governance principles and
recommendation is outlined in the report. Later section of the report is evaluating the adoption of
corporate governance principles by analyzing its influence on the process of risk assessment,
audit approach, audit evidence and audit strategy. The impact of the corporate governance
principles and recommendations in terms of audit strategy, audit approach and audit evidence has
been done for the client company named ABC limited.
Discussion:
Identification of the eight ASX corporate governance principles and recommendations:
The corporate governance principles and recommendations are laid down for enhancing the
reporting framework of the entities listed on ASX as they assist in meeting the outcome of
governance. This is intended to enable the entity to provide the market with appropriate level of
information concerning its mechanism of governance and enhancing the transparency of
communication between the company and the users.
Listed entities are encouraged to give appropriate information on the arrangements of corporate
governance and explanation of the facts about the implementation of the methods for
communicating the governance matter. It enable the organization to make a detailed disclosure of