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Corporate Accounting - Sample Assignment

   

Added on  2021-05-11

10 Pages2065 Words26 Views
CORPORATE ACCOUNTINGName of the Author- Beghanath Gotame

Table of ContentsIntroduction...........................................................................................................................................2ISSUE 1.................................................................................................................................................2ISSUE 2.................................................................................................................................................3ISSUE 3.................................................................................................................................................3ISSUE 4.................................................................................................................................................4ISSUE 5.................................................................................................................................................6Conclusion.............................................................................................................................................7References.............................................................................................................................................81

Introduction This report reveals the key understanding of the application of corporate governanceprinciples and its implication in ASX listed companies. In this report, a report on corporatesocial responsibilities has been prepared for the accountant. ISSUE 1The two selected principles and the steps required to comply with them are stated as follows:Principle 1: Lay solid foundations formanagement and oversightPrinciple 3: Instil a culture of actinglawfully, ethically and responsiblyIrrespective of the person designating theposition in the Board and management, theirresponsibilities are specified, along with theauthority chart.A person should not be appointed or re-appointed to the Board merely because ofbeing a related party, but with completebackground and skill check (Tricker, &Tricker, 2015).Every appointment agreement should bewritten along with terms of appointment.A process for evaluating the performance ofdirectors must be set and actual evaluationmust be done periodically (Leipziger, 2017).The ethical values driving the actions oforganisation must be laid clearly by it.For every level of organisation, i.e. fromboard to employees, a code of conduct mustbe framed and deployed.Anti-corruption and anti-bribery policymust be effectively implemented (DuPlessis, Hargovan, & Harris, 2018).For employees who are aware of anybreaches and want the Board to know, awhistleblower policy must be effectively putin place.2

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