Task 1 For this task you are to write a report detailing how you would

Task 1 for this task you are to write a report

This preview shows page 8 - 12 out of 17 pages.

Task 1For this task you are to write a report detailing how you would implement and maintain internalcontrol procedures in an industry of your choice. Your report must include details on the following:1.Ways that you would review corporate governance requirements2.Processes you would use to implement operating procedures3.How you would monitor policyThis may include developing an implementation strategy that contains:4.Methods used to communicate the strategy to colleagues5.Methods used to train colleagues6.Development of the control/operating proceduresPlease ensure you provide the full strategy including but not limited to all points listed above in a professional manner. You must ensure you check for accuracy before submission. If you research any websites of books, please make sure your reference each site accurately. FNSACC506 - Implement and maintain internal control procedures 7 Version 2
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Task 2 For this task you must use your knowledge and research skills to discuss each of the following points in your own words. The points for your discussion are: 1. Discuss ethical considerations and confidentiality for management and handling of files and records. 2. Identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements. 3. Explain a range of methods of work practices and routines relevant to internal control procedures. 4. Organisational guidelines and procedures relating to: a. Corporate governance b. Financial delegations and accountabilities 5. Key principles of internal control and auditing Please ensure you reference all sites and books accurately in your report. FNSACC506 - Implement and maintain internal control procedures 8 Version 2
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WRITTEN ACTIVITY CHECKLIST Written Activity Checklist For this assessment, the student must complete the written activity. The written activity is a stand-alone activity that will allow the student to display the required knowledge and skills that are essential when deciding overall competency. Student’s name: Assessor’s name: Has the student satisfactorily completed the written activity? Yes No Did the Student provide evidence of their ability to: For this task you are to write a report detailing how you would implement and maintain internal control procedures in an industry of your choice. Your report must include details on the following: Ways that you would review corporate governance requirements Processes you would use to implement operating procedures How you would monitor policy This may include developing an implementation strategy that contains: Methods used to communicate the strategy to colleagues Methods used to train colleagues Development of the control/operating procedures For this task you must use your knowledge and research skills to discuss each of the following points in your own words. The points for your discussion are: Ethical considerations and confidentiality for management and handling of files and records Key features of financial legislation relating to: FNSACC506 - Implement and maintain internal control procedures 9 Version 2
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o Taxable transactions o Reporting requirements
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