Ethics, Governance and Accountability assessment
“Ethical behavior by Chartered Accountants plays a vital role in ensuring public
trust in financial reporting and business practices and upholding the reputation of
the accountancy profession.” — ICAEW's Code of Ethics
“Corporate Governance is defined as the systems of checks and balances, both
internal and external to companies, which ensures that companies discharge their
accountability to all their stakeholders and act in a socially responsible way in all
areas of their business activity.” (Solomon, 2013)
“Many companies now allocate large amounts of money and time in developing
risk management strategies to help manage risks associated with their business
and investment dealings.” — http://www.investopedia.com/
You are required to write, and present, an individual essay evaluating the role of
corporate governance and professional ethics in managing risks and discharging
accountability. However you should carry out your evaluation by focusing upon a
specific topic, from the following list:
1. Corporate or Professional Ethics
Demonstrate the application of corporate or professional ethics
and explore the role of ethics in Accounting and Finance.
2. Corporate Governance
Define and explain a corporate governance function(s) or mechanism(s) and
evaluate the role of corporate governance in a chosen case organisation.
3. Risk Management
Define, identify and assess a risk(s) and examine the role of risk management
in in a case organization or a chosen scenario.
The evaluation should:
demonstrate a depth of knowledge in the topic area, supported by evidence of
extensive and relevant reading.
show a critical understanding of the topic, an awareness of topical and other significant
developments.
demonstrate an ability to apply the knowledge in practice, and an evaluation of
application.
contain a conclusion that is logically derived and cohesive.
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