ACCA Exam Tips December 2009 (P1)

Paper P1 (PQ Magazine)

Corporate Governance – risk management, director’s remuneration and non-executive director’s responsibilities.

Internal controls.

TARA risk model, ethics absolutist v relativism, separation of CEO and chairman powers (think M&S), ISO 14001.

Ethical dilemma – American Accounting Association decision model.

Stakeholder management Mendelow’s Matrix.

Risk audit - in house versus external provision. The need for internal audit.

The contents and process of a social/environment audit; the environmental footprint.

Enterprise risk management models

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P1 (BPP)
Sarbanes Oxley - why a rules based system is suitable for corporate governance and comparing it to the UK combined code

CSR - benefits to organisations of engaging with stakeholders

Auditing processes - benefits of internal auditing, focussing on environmental auditing

Disclosure requirements under Turnbull report

Discussing an ethical issue using the American Accounting Association model

Explanation of some of the 9 principles of good governance

Features of an effective control system

Roles of different committees at board level

2 Tier v unitary board structure

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Source:-
PQ Magazine
BPP


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