View Sample Notes - ACCA P1 - James O

24 Pages·2013·0.56 MB·English

by  Mark Bloxham

ACCA P1

Governance, Risk and Ethics
Format of the Paper
Section A: 50 marks
• A number of questions relating to a single
scenario

Section B: 50 marks
• Two out of three 25 mark questions
2
Core Areas of Syllabus
• Governance and responsibility 35%

• Internal control and review 20%

• Identifying, assessing & controlling risk 25%

• Professional values and ethics 20%

3
Syllabus Summary
Governance & responsibility
Internal control &
Risk management
review
Professional values & ethics
4
1
Chapter
Theory of governance
5
Session Content
6
Company ownership and control
7
Definition of corporate governance

“ The system by which companies are
directed and controlled in the interests
of shareholders and other stakeholders”
8
Key concepts
• Fairness
• Openness / transparency
• Independence
• Probity / honesty
• Responsibility
• Accountability
• Reputation
• Judgement
• Integrity
9
Operational areas affected by corporate
governance
10