FNS60217 Advanced Diploma of Accounting FNSACC624 Monitor Corporate Governance Activities FNS60217 | FNSACC624 Monitor Corporate Governance Activities Learner’s Guide | V 1.1 | April 2018 Business...

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please refer all the materials on the assignmnets and in student portal , beacuase we have a new tutor and she is really tough all my friends are failing.


FNS60217 Advanced Diploma of Accounting FNSACC624 Monitor Corporate Governance Activities FNS60217 | FNSACC624 Monitor Corporate Governance Activities Learner’s Guide | V 1.1 | April 2018 Business Institute of Australia | RTO Code 91019 Next Review: Dec 2018 Page 2 of 27 LEARNER’S GUIDE Mode | Classroom + Online Delivery FNSACC624 Monitor Corporate Governance Activities Supporting: FNS60217 Advanced Diploma of Accounting; May also support other qualifications based on respective packaging rules © E-Skills Australia, 2015 Copyright: This document and its contents are protected by Australian and International copyright laws. No part of this document may be reproduced or transmitted in any form or by any means, electronically or mechanically, including photography, scanning, recording or any information storage or retrieval system, without permission in writing from the copyright owner or from E-Skills Australia Pty Ltd. Information and/or resources used from the Commonwealth, government agencies, training.gov.au, public domain information, or any other external sources do not constitute copyright and remain the property of the original authors. All the websites and external resources mentioned in this publication are copyrighted to their owners and E-Skills or author does not endorse the views expressed by them. Web links are used as examples for reference purpose only and may have changed since publication of this resource. E-Skills Australia Pty Ltd ACN: 146 742 369 FNS60217 | FNSACC624 Monitor Corporate Governance Activities Learner’s Guide | V 1.1 | April 2018 Business Institute of Australia | RTO Code 91019 Next Review: Dec 2018 Page 3 of 27 Table of Contents 1. Introduction ...................................................................................................... 4 2. Unit Overview ................................................................................................... 4 3. Competency Standards ...................................................................................... 5 4. Delivery Plan .................................................................................................... 8 Delivery Arrangement .............................................................................................. 8 Delivery Conditions ......................................................................................... 8 Suggested Learner Resources ....................................................................... 11 5. Assessment Plan ............................................................................................. 12 Assessment Method .............................................................................................. 12 General Rules of Assessment ........................................................................ 14 Submission of Works ..................................................................................... 15 Assessment Tasks and Schedule ................................................................... 15 6. Assessment Tasks ........................................................................................... 16 Assessment Task 1: ......................................................................................... 16 Assessment Task 2: ......................................................................................... 18 Assessment Task 4: ......................................................................................... 22 FNS60217 | FNSACC624 Monitor Corporate Governance Activities Learner’s Guide | V 1.1 | April 2018 Business Institute of Australia | RTO Code 91019 Next Review: Dec 2018 Page 4
Answered 19 days AfterApr 23, 2021FNSACC624Training.Gov.Au

Answer To: FNS60217 Advanced Diploma of Accounting FNSACC624 Monitor Corporate Governance Activities FNS60217 |...

Jyoti answered on May 05 2021
152 Votes
FNSACC624
FNSACC624
MONITOR CORPORATE GOVERNANCE
ASSESSMENT TASK 2 : PRESENTATION- HIH CASE ANALYSIS
O
verview – HIH Case
- HIH , an ASX listed company was second largest insurance company before it went into liquidation in 2001.
- Australian Prudential Regulatory Authority (APRA) , Australian Securities and Investment Commission (ASIC) and Royal Commission started investigations to find out causes of failure of HIH.
- Several corporate governance issues and non performance of duties of board of directors and management led to failure of HIH.
Factors for HIH Failure
Inefficient corporate governance- Various corporate governance issues contributed to failure of HIH viz. under reporting of provisions, inadequate reserves, lack of independence of non-executive directors, incorrect financial reporting,etc. (Mardjono, 2005).
Poor commercial decisions-HIH took over FAI insurance and many other companies. FAI takeover was done only on assurance of one of director without having any due diligence at over valued assets. Such decisions hampered...
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