Risk Assessment and Corporate Governance Report: Abacus Property Group

This research report analyzes Abacus Property Group, a company listed on the ASX 200 index, focusing on its corporate governance and risk assessment practices. The report examines the eight key principles and recommendations outlined by the ASX Corporate Governance Council, including laying solid foundations for management, structuring the board for value, acting ethically, safeguarding integrity in corporate reporting, making timely disclosures, respecting security holder rights, managing risk, and ensuring fair remuneration. The analysis includes a discussion of risk assessment procedures, particularly in relation to material misstatements and the application of analytical procedures as per auditing standards. The report concludes by evaluating Abacus Property Group's alignment with ASX principles and its approach to auditing and financial performance.

RESEARCH REPORET

1. EXECUTIVE SUMMARY
Research report prepared in respect of Abacus Property Group which is listed under ASX
200 index is a market capitalisation weighted and float adjusted stock market. ASX corporate
governance principles subject to company. Risk assessment (Audit program in respect of
performance), corporate statement analysis, material misstatement. Analytical procedure to
analyse the system thinking tools, diagnostic pattern, conventional analytical procedure
comparison, ratio trend analysis and necessary for the auditor to reply them alone as a substance
test. US statement on auditing standards SAS no. 59. Organisation's ability subject to
implementing going concern and ratio analysis.

Table of Contents
INTRODUCTION...........................................................................................................................1
2. ASX PRINCIPLES AND RECOMMENDATIONS...................................................................1
3. RISK ASSESSMENT..................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
The ASX corporate governance council was formed in the August 2002. this council keep
align all the business whether small or big in centralised manner in perspective of governance
issues. There is a risk assessment done subject to material misstatement existence and analysing
material accuracy (Hu, Percy and Yao, 2012). Types of risk assessment procedures done in
respect of focusing mainly in organisation's nature. Major eight ASX CGS principles are defined
in this in respect of principle and recommendations which remain structured around corporate
governance and the alignment of an organisation. Abacus Property Group is elected organisation
to understand procedure of risk assessment.
2. ASX PRINCIPLES AND RECOMMENDATIONS
Corporate governance framework and essential governance practices subject to Abacus
Property group. There are policies, charters, procedures, regulatory reforms, review updates
defined. ASX principles and recommendations in respect of Abacus Property Group defined
below;
Principle 1. lay solid foundations for management and oversight
In this situation there are some essential aspect remain associated with the authority to
determine which remain associated with the management and policies, practices and operations
of the organisation. Board has a charter which helps to set out responsibilities, membership and
the arrangement operated by board and the relationship between the board and management are
done subsequently. Structure of board contains the chief executive officer (CEO), senior
executive and other members which remain associated with day to day management.
Principle 2. Structure the board to add value
The board is structured which helps to analyse the key functional areas which remain
associated with analysing the profitability of organisation and make transparent to the process in
effective manner. Executive director and senior managers keep monitoring the legal aspects and
policies related to corporate governance and director ship and management. Broad analyse the
relevant information are analysed to make plans and strategies (Schmidt, Zhao and Terry, 2011).
Principle 3. Act ethically and responsibly
This principle basically remain associated with the analysing the performance of
organisation in terms of managing the business. There are standards and policies are made in
respect of director, officers employees and the contactors are carried out with other theories and
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plans. There is a development strategy also analysed the code of sets to align all the departments
in single format and reduce the burden of effectiveness of organisation. Main motive of this
principle is to develop and encourage ethical behaviour and effectiveness with in Abacus
property Group.
Principle 4. Safeguard integrity in corporate reporting
This Principle contains following points to considered as safeguard
 Types of safeguarding the integrity of the organisation's stakeholder
 Approving and reviewing the checked annual reports on half yearly reports
 A risk management function
 Fixing the meeting with external auditors and independent performance management.
Principle 5. Make timely and balanced disclosure
As per this statement there are some essential aspects are considered such as disclosure of
information, notification and analysis. There is a format is prepared with specific deadline and
timeline with pre decided targets. As per ASX principle obligations are tackled by proper
safeguard policy (Rahman and Rajib, 2014).
Principle 6. Rights of security holders
Security holders are the persons which contains some specific rights to provide
informations and details to public and managing the operations in effective manner. It is
considered that all the relevant aspects are considered essential in terms of presenting financial
information of organisation.
Principle 7. Recognition and managing risk
By considering all the relevant aspects and key points related to corporate governance
risk assessment is done. There is a system set up to control and manage the internal control.
Operation risks are managed in respect of day to day activities subject to direct and indirect loss.
Principle 8. Remunerate fairly and responsibly
Remuneration basically remain associated with the consideration paid to directors,
Executive officers and the board managers. It is required for the managers to deal with the
remuneration committee. The board basically analyse the requirement of typical aspects which
remain included in performance of directors (Chandler, 2016).
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3. RISK ASSESSMENT
Risk assessment is one of the essential aspect in terms of managing the scope and
analysing the performance of organisation. Audit and assurance standard board issue the rules
and legislations in respect of analytical procedure and the strategic directions are explained in
this manner (Gherghina,Vintila and Tibulca, 2014). There is an independent factors remain
associated with bifurcating the nature and the remuneration with the help of dividing profit.
There are auditing standards are made in respect of providing explanatory material regarding the
auditor's use of analytical procedures for substantive procedure.
Auditing standards remain centralised around following points;
 Designing and performing substantive analytical procedure for developing strategies and
plans.
 It is required to frame the design and performing the analytical procedure subject to end
of the audit the assistance.
 There is an overall report supervision framework need to prepare for making conclusive
report.
 Determine the sustainable of significant measurement are analysed with the help of
recording amounts and ratios which are developed in specified structure.
 Risk assessment is also required in terms of material misstatement which may cause the
financial reports and materially misstated.
 There is an amount of type of financial records and information are analysed from
expected values. This remain acceptable without any further investigation and check.
CONCLUSION
This report is prepared to analyse the main aspect remain related to ASX corporate
governance principles subject to Abacus Property group. Conceptualise and explanation of risk
assessment done. Risk assessment subject to material misstatement and audit corporate
governance rules are defined in organisational context. There is an structure of Abacus Property
Group is evaluated in respect of ASX principle and standards are analysed. Risk assessment is
also determined subject to auditing financial performance of organisation.
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REFERENCES
Books and Journals:
Hu, F., Percy, M. and Yao, D. F., 2012. Assetre valuations and audit fees: Evidence from
Australia Securities Exchange (ASX) 300 firms’.
Schmidt, C., Zhao, L. and Terry, C.S., 2011. Index Effects: Further Evidence for the S&P/ASX
200.
Rahman, A. and Rajib, P., 2014. Associated effects of index composition changes: an evidence
from the S&P CNX Nifty 50 index. Managerial Finance. 40(4). pp.376-394.
Gherghina, S. C., Vintila, G. and Tibulca, I. L., 2014. A study on the relationship between
corporate governance ratings and company value: Empirical Evidence for S&P 100
Companies. International Journal of Economics and Finance. 6(7). p.242.
Chandler, M., 2016. Highlights of the 2015 AGM season. Governance Directions. 68(2). p.74.
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