This unit describes the skills and knowledge required to research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations. It applies to individuals who use current and specialised knowledge and analytical skills to provide advice on organisational processes to meet compliance and management requirements.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.

Unit details

Study level:
Vocational and further education (TAFE)
Unit code:


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: - research corporate governance reporting trends and apply research to organisational practices; - determine processes for monitoring corporate governance compliance, and; - examine and review corporate governance standards and practices following: professional accounting standards; organisational policies and procedures andstatutory and regulatory requirements. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.Students will also be expected to demonstrate the following knowledge: - authority regulations and requirements; - current financial legislative, statutory and regulatory requirements; - current formats required for submission of statutory returns; - ethical considerations relating to compliance and governance; - key management processes that support corporate governance; - forms and functions of employee records; - key principles of internal control, valuation and common methods of depreciation, and; - significance of performance indicators and key result areas to monitoring corporate governance activities.

Where to next?

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