To apply relevant knowledge, skills and exercise professional judgment in carrying out therole of the accountant relating to governance, internal control, compliance and the management of risk within an organization, in the context of an overall ethical framework.
Governance and Responsibility: The scope of governance,
Agency relationships and theories, The board of directors, Board
committees, Directors’ remuneration, Different approaches to
corporate governance, Corporate governance and corporate social
responsibility, Governance: reporting and disclosure, Public sector
governance
Internal control and review: Management control systems in
corporate Governance, Internal control, audit and compliance
Incorporate governance, Internal control and reporting,
Management information in audit and internal control
Controlling risk: Targeting and monitoring risk, Methods of
controlling and reducing risk, Risk avoidance, retention and
modelling
Identifying and assessing risk: Risk and the risk management
process, Categories of risk, Identification, assessment and
measurement of risk
Professional values, ethics and social responsibility: Ethical
theories, Different approaches to ethics and social responsibility,
Professions and the public interest, Professional practice and codes
of ethics, Conflicts of interest and the consequences of unethical Behavior; Ethical characteristics of professionalism; social and environment issues in the conduct of business and of ethical behavior.
• Study material of ACCA