This reflection discusses the importance of corporate governance and ethical conduct in accounting, with a focus on the HIH Insurance collapse in Australia. It highlights the role of auditors and accountants in corporate collapses and the measures taken to prevent such incidents in the future. The reflection emphasizes the need for maintaining the independence of external auditors and internal audit committees, strengthening internal and external controls, and introducing a code of ethics for the accounting profession. The importance of board structuring and the role of non-executive directors in protecting the interests of minority shareholders is also discussed.

Individual Reflection Marking Rubric

Marking rubric for assessing individual reflection based on experience exploration, analysis, and writing strategies.

The significance of ethical accounting and corporate governance is explored, with a focus on the HIH Insurance collapse in Australia.

Corporate Governance and Ethical Conduct in Accounting

Importance of Corporate Governance and Ethical Conduct in Accounting

Political Science

(PDF) The Company Audit : HIH Insurance Limited

Services Marketing

The report analyses the situations and decisions made by the management of ABC Learning, HIH Insurance and One Tel and the role played by these in the eventual bankruptcies. It also discusses the importance of sound corporate governance practices and ethical guidelines in avoiding such failures.

Griffith University

Finance

Calculus and Analysis

Corporate Failures in Australia: Analysis of ABC Learning, HIH Insurance and One Tel

This report discusses a case of corporate collapse and examines how auditors failed to fulfill their responsibility. It provides an overview of the collapse, analyzes the audit procedures that contributed to the collapse, and discusses the auditor's independence and ethical behavior. The report also explores amendments made to auditing standards and principles since the collapse and provides recommendations for improvements in the auditing profession.

One Case of Corporate Collapse and how Auditors Had Failed to Fulfil their Responsibility

Leadership Management

Corporate Governance Assignment Essay

Business Risk of Hih Insurance Limited

This report discusses the Enron and HIH Insurance scandals, auditors responsible, analysis of audit procedures, auditor independence, improvements in auditing standards and principles, and recommendations for improving the profession of auditing.

Importance of Corporate Governance and Ethical Conduct in Accounting

End of preview

(PDF) The Company Audit : HIH Insurance Limited

Corporate Failures in Australia: Analysis of ABC Learning, HIH Insurance and One Tel

One Case of Corporate Collapse and how Auditors Had Failed to Fulfil their Responsibility

Corporate Governance Assignment Essay

Business Risk of Hih Insurance Limited

Auditing Theory and Practice: Enron and HIH Insurance Scandals

Importance of Corporate Governance and Ethical Conduct in Accounting

End of preview

(PDF) The Company Audit : HIH Insurance Limitedlg...

Corporate Failures in Australia: Analysis of ABC Learning, HIH Insurance and One Tellg...

One Case of Corporate Collapse and how Auditors Had Failed to Fulfil their Responsibilitylg...

Corporate Governance Assignment Essaylg...

Business Risk of Hih Insurance Limitedlg...

Auditing Theory and Practice: Enron and HIH Insurance Scandalslg...

(PDF) The Company Audit : HIH Insurance Limited

Corporate Failures in Australia: Analysis of ABC Learning, HIH Insurance and One Tel

One Case of Corporate Collapse and how Auditors Had Failed to Fulfil their Responsibility

Corporate Governance Assignment Essay

Business Risk of Hih Insurance Limited

Auditing Theory and Practice: Enron and HIH Insurance Scandals