Chapter 9 - Governance and other information. After completing this unit, you should be able to: Discuss the significance of corporate governance, discuss different types of corporate governance issues, explain the meaning and content of the independent auditor’s report, explain the different types of reporting requirements, describe how the explanatory notes are an integral part of the financial statements,. | CHAPTER 9 Governance and Other Information 9- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Discuss the significance of corporate governance. Discuss different types of corporate governance issues. Explain the meaning and content of the Independent auditor’s report. Explain the different types of reporting requirements. Describe how the explanatory notes are an integral part of the financial statements. Describe the nature and content of disclosures relating to accounting changes and events subsequent to the balance sheet date. Describe what is included in the five-year summary of financial information, Learning Objectives 9- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola What is Corporate governance? What was the HIH Royal Commission about? What are the ASX principles of good corporate governance? What is CLERP and what changes has it introduced? Overview 9- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Corporate Governance Ability of a company to: Self-control Self-regulate Fully disclose information to the market place and to investors. The strategies, behaviours and actions of a company, its directors, its managers and its employees that affect the success or otherwise of a business. 9- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Corporate Governance Recent focus on corporate governance due to high level of corporate collapses in the late 1980s, 1990s and again in the early 2000s. Recent corporate collapses in Australia: HIH Harris Scarfe Ansett Airlines 9- Copyright 2007 McGraw-Hill | CHAPTER 9 Governance and Other Information 9- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola Discuss the significance of corporate governance. Discuss different types of corporate governance issues. Explain the meaning and content of the Independent auditor’s report. Explain the different types of reporting requirements. Describe how the explanatory notes are an integral part of the financial statements. Describe the nature and content of disclosures relating to accounting changes and events subsequent to the balance sheet date. Describe what is included in the five-year summary of financial information, Learning Objectives 9- Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Accounting: What the Numbers Mean 2e by Marshall, McCartney & Van Rhyn Slides prepared by John Tretola What is Corporate governance? What was the HIH Royal Commission about? What are the
