FNSACC516 - Implement and maintain internal control procedures

Unit code: FNSACC516 | Study level: TAFE
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Footscray Nicholson
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Overview
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Overview

This unit describes the skills and knowledge required to review corporate governance requirements, implement internal control operating procedures, and monitor associated policy.  It applies to individuals who use specialised knowledge and analytical skills to ensure organisational procedures, compliance and quality requirements are met.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • interpret and comply with corporate governance requirements, organisational policy, and financial delegations and accountabilities;
  • review corporate governance requirements and implement effective operating procedures to ensure organisational compliance;
  • use a range of methods, work practices and routines relevant to internal control procedures, and;
  • monitor internal control operating procedures and applicable financial legislation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic e-learning system.

As part of a course

This unit is studied as part of the following course(s):

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