TASK 2
Prepare a PowerPoint presentation of 9 slides. Your assessor will provide you with a template that has been partly filled in (see FNSACC516_AE_Kn_1of2_SR1.pptx). Slides 1, 2, 3 & 5 have been prepared for you.
You are required to prepare slides 4, 6, 7, 8 & 9. For a summary of what should be included in each slide, see below:
Slide 1 – Heading Page
• “You the Directors and Senior Executive are responsible for Corporate Governance”
Slides 2 & 3 – Your responsibilities regarding Corporate Governance includes:
• Meeting all external deadlines and reporting requirements;
• Design and maintenance of an adequate system of Internal Controls;
• Ensuring the integrity of the Accounting Information System (AIS);
• Safeguarding of company assets;
• Efficiency of operations of the company;
• Minimisation of Business Risk; and
• At all times maintaining professionalism, high ethical standards and maintaining independence free from conflict of interest and always acting honestly and diligently in the best interests of the company.
Slide 4 – Directors Duties – you need to add the detail to this slide
• List the 4 General Duties of Directors (refer to document ASIC Information Sheet 42 – Insolvency: a guide for directors in file FNSACC516_AE_Kn_1of2_SR2.pdf). Your assessor will provide you with this document.
Slide 5 – Heading Page
• An example of the results of poor internal controls
Slide 6 – Case study— you need to add the detail to this slide
Research a failure of corporate governance. For example it might be a case of company fraud or misrepresentation of financial statements. On the slide show:
• Name of Company involved in the failure of corporate governance
• A brief description of the failure of corporate governance
• The consequence such as bankruptcy, loss of profits, fines etc.
You might find it useful to visit the NSW ICAC web site to find an example
NSW ICAC Search
Slide 7 – From Slide 6 - — you need to add the detail to this slide
• What Internal Controls appear to have been lacking or overridden?
Slide 8 — you need to add the detail to this slide.
• A final reminder to your Directors and Senior Executives to take their responsibilities seriously (you may like to include an appropriate clipart picture on this slide).
Slide 9 — you need to add the detail to this slide
• Information sources consulted during the research
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