BUSN20019 Professional Project: Corporate Governance on Accounting

This report investigates the effects of organizational environments and corporate governance on accounting reporting, systems, functioning, and quality. It addresses the existing gap in understanding how corporate governance, beyond just structure, influences accounting practices. The research utilizes secondary data from Westpac Group's annual report to assess the relationship between corporate governance, organizational environments, and the quality and functioning of accounting systems. The study aims to determine the extent to which corporate governance and organizational environments affect accounting systems and reporting, referencing previous studies that highlight the positive impact of self-governing corporate structures and healthy organizational environments on accounting quality.

Running head: TOPIC SELECTION 1
Topic Selection
Name
Institution

TOPIC SELECTION 2
Field of Research: The topic chosen is the “organizational environments and corporate
governance effects on accounting reporting, system and functioning as well as quality.” There is
a gap in corporate governance, and associated environment for organizations beside structure
which must be formulated and maintained to effectively function to guarantee efficient
operational systems of accounting alongside timely reporting as well as regulations-compliance
way. The literature demonstrate that this topic has not been fully attended to due to less data
availability and too much proprietary. Thus there is a need for a distinct survey within a
company to look into the fundamental of this topic. Thus, the absence of these studies and needs
for an adequate understanding of such aspects call for new research.
Secondary Data: Readily available data on impacts of organizational environments and
corporate governance on system of accounting and reporting functioning as well as quality will
be obtained from the annual report of Westpac Group at:
https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/aw/ic/
2017_Westpac_Annual_Report_Web_ready_&_Bookmarked.pdf . This data will help determine
corporate governance alongside organizational environments effects system of accounting and
reporting quality and functioning.
Research Question: This study seeks to establish the effects of corporate governance
alongside organizational environments on accounting system as well as accounting reporting
functioning besides quality. Specifically, “To what extent does corporate governance and
organizational environments effect accounting system and accounting reporting functioning and
quality?”
Search Terms: corporate governance, organizational environment, accounting system,
accounting reporting functioning and quality.

TOPIC SELECTION 3
Articles: A range of studies on the topic have reached the common findings that the self-
governing corporate structure alongside healthy organizational surrounding can meaningfully
enhance as well as maintain accounting system besides reporting quality (Ioannou & Serafeim,
2017; Senge, 2014 and Hoitash, Hoitash & Bedard, 2009).
References

TOPIC SELECTION 4
Drury, C. M. (2013). Management and cost accounting. Springer.
Grabinskia, K., Kedziora, M., & Krasodomska, J. (2014). The Polish accounting system and IFRS
implementation process in the view of empirical research. Accounting and Management
Information Systems, 13(2), 281.
Hoitash, U., Hoitash, R., & Bedard, J. C. (2009). Corporate governance and internal control over
financial reporting: A comparison of regulatory regimes. The accounting review, 84(3), 839-867.
Ioannou, I., & Serafeim, G. (2017). The consequences of mandatory corporate sustainability reporting.
Senge, P. M. (2014). The fifth discipline fieldbook: Strategies and tools for building a learning
organization. Crown Business.
Simkin, M. G., Norman, C. S., & Rose, J. M. (2014). Core concepts of accounting information systems.
John Wiley & Sons.