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Evidence Guide: BSBMGT623 - Monitor corporate governance activities

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBMGT623 - Monitor corporate governance activities

What evidence can you provide to prove your understanding of each of the following citeria?

Establish corporate governance standards and practices

  1. Monitor the application of, and adherence to, professional and legal standards to identify emerging trends and interpretations of statutory and other regulatory requirements
  2. Research governance audit reports and practices to assess methodologies and recommendations
Monitor the application of, and adherence to, professional and legal standards to identify emerging trends and interpretations of statutory and other regulatory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research governance audit reports and practices to assess methodologies and recommendations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify corporate governance reporting trends

  1. Analyse organisational practices to identify corporate governance obligations and performance
  2. Review queries from statutory and other regulatory authorities for corporate governance failure to identify the need for changes to internal control procedures
  3. 2.3 Analyse the organisation's governance reports, returns and review processes to identify to identify whether they meet current requirements
Analyse organisational practices to identify corporate governance obligations and performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine processes for corporate governance adherence

  1. Analyse internal control procedures to determine corporate governance compliance performance indicators
  2. Evaluate whether information technology systems meet corporate governance obligations for recording data from operations and transactions
  3. Establish management processes to support corporate governance
  4. Establish reporting plans to ensure the organisation meets compliance and reporting deadlines
Analyse internal control procedures to determine corporate governance compliance performance indicators

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish management processes to support corporate governance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review corporate governance compliance

  1. Monitor compliance performance indicators
  2. Monitor compliance preparation processes for compliance
  3. Analyse non-compliances to identify cause/s and implement corrective actions
Monitor compliance performance indicators

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor compliance preparation processes for compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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

Required Skills and Knowledge

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