To apply relevant knowledge, skills and exercise professional judgment in carrying out the role 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 environmental issues in the conduct of business and of ethical behaviour.
• Study material of ACCA