Corporate Governance Principles and Risk Assessment in REA Group

HI6026- Audit Assurance and
Compliance
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Executive Summary
The report consists of the Corporate Governance Principles with respect to the REA Group. The
company has made various committees along with the fixation of the responsibilities for the
board of director to have transparency with the stakeholders and to provide sustainable growth.
There are various principles that are being followed such as the Lay solid foundation which can
be beneficial for the company. The company has established the system to manage the risk
involved. There is also the inclusion of the risk assessment on the basis of the nature of the
company and other factor and follow the procedures accordingly. There are ways through which
there can be the development of an effective system for minimizing of risks such as the IT
system and internal control system.
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Table of Contents
Executive Summary.......................................................................................................................2
Introduction....................................................................................................................................4
2. ASX Corporate Governance Principles from your selected company.................................5
3. Risk Assessment and steps to reduce the potential risk in financial statements..................9
Conclusion....................................................................................................................................12
References.....................................................................................................................................13
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Introduction
The assignment includes the corporate governing principles that are being implied in the
company and effect of the same. The report also consists of the various risk assessment
technique for the selection of the Audit procedure by the company along with the calculation of
the ratios. There are various factors analyzed for the risk management such as the nature of the
business, who regulates the client etc.
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