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Accounting theory 2

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This document discusses key concepts around corporate governance including definitions, principles, and roles. It defines corporate governance as the system by which companies are directed and controlled, involving transparency, accountability, and stakeholder interests. It outlines the OECD principles of protecting shareholder rights, equitable treatment, recognizing stakeholder roles, disclosure, and board responsibilities. It also summarizes the roles of shareholders in electing directors and monitoring management, and the functions of boards of directors in strategic planning, risk management, and oversight.

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Presentation on: Corporate Governance University Of Western Sydney, Paramatta Campus. Course: Accounting Theory Instructor: Kevin Clark, CA, CPA.
Definition ,[object Object],[object Object]
Definition (contd.) ,[object Object]
Definition (contd.) ,[object Object],[object Object],[object Object],[object Object]
Definition (contd.) ,[object Object],[object Object]
OECD Principles ,[object Object],[object Object]
OECD Principles (Contd.) ,[object Object]
OECD Principles (Contd.) ,[object Object]
OECD Principles (Contd.) ,[object Object]
OECD Principles (Contd.) ,[object Object]
The Role of Shareholders ,[object Object],[object Object],[object Object],[object Object]
The Role of Shareholders (contd.) ,[object Object],[object Object]
The Role of Shareholders (contd.) ,[object Object],[object Object],[object Object],[object Object]
The Role of Shareholders (contd.) ,[object Object],[object Object],[object Object]
The Role of Shareholders (contd.) ,[object Object],[object Object],[object Object]
The Directors ,[object Object],[object Object]
The functions of the board according to Bosch Report ,[object Object],[object Object],[object Object],[object Object],[object Object]
The functions of the board according to Bosch Report (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
The functions of the board according to Bosch Report (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Categories of Directors ,[object Object],[object Object],[object Object]
Categories of Directors (contd.) ,[object Object],[object Object],[object Object],[object Object]
Categories of Directors (contd.) ,[object Object]
How the Directors should act? ,[object Object],[object Object],[object Object],[object Object],[object Object]
How the Directors should act? (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Independent/ non-executive Directors ,[object Object],[object Object],[object Object],[object Object],[object Object]
Independent/ non-executive Directors (contd.) ,[object Object],[object Object],[object Object]
The Chairman ,[object Object],[object Object],[object Object],[object Object]
Sub-committees of the board ,[object Object],[object Object],[object Object]
Sub-committees of the board (contd.) ,[object Object],[object Object]
Audit Committee ,[object Object],[object Object],[object Object],[object Object]
Composition of Audit Committee ,[object Object],[object Object]
Composition of Audit Committee (contd.) ,[object Object]
Objectives and responsibilities of audit committee ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of audit committees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of audit committees (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Limitations of audit committee ,[object Object],[object Object],[object Object],[object Object],[object Object]
Limitations of audit committee (contd.) ,[object Object],[object Object],[object Object]
Characteristics of effective audit committees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Remuneration committees ,[object Object],[object Object],[object Object],[object Object],[object Object]
Remuneration committees (contd.) ,[object Object],[object Object],[object Object],[object Object]
Nomination Committees ,[object Object],[object Object],[object Object]
Corporate Governance and Internal Control ,[object Object],[object Object],[object Object],[object Object]
Importance of Internal control ,[object Object],[object Object],[object Object],[object Object]
The nature of Internal Control: The COSO framework ,[object Object],[object Object]
The nature of Internal Control: The COSO framework (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
The nature of Internal Control: The COSO framework (contd.) ,[object Object],[object Object],[object Object],[object Object]
Components of Internal Control ,[object Object],[object Object]
Components of Internal Control (contd.) ,[object Object]
Components of Internal Control (contd.) ,[object Object]
Components of Internal Control (contd.) ,[object Object],[object Object],[object Object]
Components of Internal Control (contd.) ,[object Object]
Role of the Auditors ,[object Object],[object Object],[object Object],[object Object],[object Object]
Role of the Auditors (contd.) ,[object Object],[object Object],[object Object],[object Object]
Role of the Auditors (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internal Auditor’s Responsibilities ,[object Object],[object Object],[object Object],[object Object]
Internal Auditor’s Responsibilities (contd.) ,[object Object],[object Object],[object Object],[object Object]
Internal Auditor’s Responsibilities (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internal Auditor’s Responsibilities (contd.) ,[object Object]
Internal Auditor’s Responsibilities (contd.) ,[object Object],[object Object],[object Object],[object Object]
Internal Auditor’s Responsibilities (contd.) ,[object Object],[object Object],[object Object],[object Object]
The End of the Presentation

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Accounting theory 2

  • 1. Presentation on: Corporate Governance University Of Western Sydney, Paramatta Campus. Course: Accounting Theory Instructor: Kevin Clark, CA, CPA.
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  • 61. The End of the Presentation