Assessor Resource

BSBMGT623
Monitor corporate governance activities

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the performance outcomes, skills and knowledge required to develop and implement procedures to ensure the organisation meets its corporate governance obligations. It covers researching corporate governance trends, standards and practices, establishing processes to promote compliance, reviewing compliance and taking corrective action on non-compliances.

It applies to individuals in any sector or type of organisation with responsibility for monitoring and managing compliance to corporate governance requirements.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Establish corporate governance standards and practices

1.1 Monitor the application of, and adherence to, professional and legal standards to identify emerging trends and interpretations of statutory and other regulatory requirements

1.2 Research governance audit reports and practices to assess methodologies and recommendations

2. Identify corporate governance reporting trends

2.1 Analyse organisational practices to identify corporate governance obligations and performance

2.2 Review queries from statutory and other regulatory authorities for corporate governance failure to identify the need for changes to internal control procedures

2.3 Analyse the organisation's governance reports, returns and review processes to identify to identify whether they meet current requirements

3. Determine processes for corporate governance adherence

3.1 Analyse internal control procedures to determine corporate governance compliance performance indicators

3.2 Evaluate whether information technology systems meet corporate governance obligations for recording data from operations and transactions

3.3 Establish management processes to support corporate governance

3.4 Establish reporting plans to ensure the organisation meets compliance and reporting deadlines

4. Review corporate governance compliance

4.1 Monitor compliance performance indicators

4.2 Monitor compliance preparation processes for compliance

4.3 Analyse non-compliances to identify cause/s and implement corrective actions

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Establish corporate governance standards and practices

1.1 Monitor the application of, and adherence to, professional and legal standards to identify emerging trends and interpretations of statutory and other regulatory requirements

1.2 Research governance audit reports and practices to assess methodologies and recommendations

2. Identify corporate governance reporting trends

2.1 Analyse organisational practices to identify corporate governance obligations and performance

2.2 Review queries from statutory and other regulatory authorities for corporate governance failure to identify the need for changes to internal control procedures

2.3 Analyse the organisation's governance reports, returns and review processes to identify to identify whether they meet current requirements

3. Determine processes for corporate governance adherence

3.1 Analyse internal control procedures to determine corporate governance compliance performance indicators

3.2 Evaluate whether information technology systems meet corporate governance obligations for recording data from operations and transactions

3.3 Establish management processes to support corporate governance

3.4 Establish reporting plans to ensure the organisation meets compliance and reporting deadlines

4. Review corporate governance compliance

4.1 Monitor compliance performance indicators

4.2 Monitor compliance preparation processes for compliance

4.3 Analyse non-compliances to identify cause/s and implement corrective actions

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Monitor the application of, and adherence to, professional and legal standards to identify emerging trends and interpretations of statutory and other regulatory requirements 
Research governance audit reports and practices to assess methodologies and recommendations 
Analyse organisational practices to identify corporate governance obligations and performance 
Review queries from statutory and other regulatory authorities for corporate governance failure to identify the need for changes to internal control procedures 
2.3 Analyse the organisation's governance reports, returns and review processes to identify to identify whether they meet current requirements 
Analyse internal control procedures to determine corporate governance compliance performance indicators 
Evaluate whether information technology systems meet corporate governance obligations for recording data from operations and transactions 
Establish management processes to support corporate governance 
Establish reporting plans to ensure the organisation meets compliance and reporting deadlines 
Monitor compliance performance indicators 
Monitor compliance preparation processes for compliance 
Analyse non-compliances to identify cause/s and implement corrective actions 

Forms

Assessment Cover Sheet

BSBMGT623 - Monitor corporate governance activities
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Assessment Record Sheet

BSBMGT623 - Monitor corporate governance activities

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Assessment task 1: [title] Result: Competent Not yet competent

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Overall assessment result: Competent Not yet competent

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