To apply relevant knowledge, skills and exercise professional judgement in carrying out the role of the accountant relating to governance, internal control, compliance and the management of risk within an organisation, in the context of an overall ethical framework.
On successful completion of this paper, candidates should be able to:
A. Define governance and explain its function in the effective management and control of organisations and of the resources for which they are accountable
B. Evaluate the Professional Accountant’s role in internal control, review and compliance
C. Explain the role of the accountant in identifying and assessing risk
D. Explain and evaluate the role of the accountant in controlling and mitigating risk
E. Demonstrate the application of professional values and judgement through an ethical framework that is in the best interests of society and the profession, in compliance with relevant professional codes, laws and regulations.