2010 F8 CH3 CG - Part A audit framework and regulation CH1...

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Unformatted text preview: Part A audit framework and regulation CH1 the nature and purpose of assurance CH2 statutory audit and regulation CH3 corporate governance CH4 professional ethics 2 CH3 corporate governance Topic list 1. codes of CG 2. audit committees 3. IC effectiveness 4. Communication with those charged with governance Study guide 1 codes of corporate governance 1.1 the importance of CG Fast forward & KEY term : CG is the system----directed and controlled. Reason for good cg: … owner…manager… not always the same 3 1 codes of CG 1.1 the importance of CG Shareholders: Two types: (1)fully informed; (2)only … AGM Day-to –day running of a company. AGM: (1)approval; (2) apathy & acquiescence; (3)poorly attended; (4) potential for conflicts of interest Stakeholders: Good CG ensures that S are fully taken into account Structures to be in place…every S ..not disadvantage 4 1 codes of CG 1.2 OECD principles of CG The o rganization for e conomic c o- operation and d evelopment Fast forward: (1) the rights of shareholders; (2) disclosure and transparence; (3) the responsibilities of BOD A highly degree of priority place on the interests of shareholders. OECD: 1999; 2004 5 1 codes of CG 1.2 OECD principles of CG OECD principles of CG I promote transparent and efficient markets II protect shareholders’ rights III ensure the equitable treatment of all shareholders IV recognize the rights of stakeholders… and encourage active co-operation… V ensure timely and accurate disclosure … VI (1)strategic guidance… (2)monitoring… accountability… (3)the responsibility of the board 6 1 codes of CG 1.2 OECD principles of CG1....
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This note was uploaded on 06/21/2011 for the course MGMT 202 taught by Professor Yan during the Spring '11 term at Nanjing University.

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2010 F8 CH3 CG - Part A audit framework and regulation CH1...

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