Page 17 - CIMA SCS Workbook February 2019 - Day 1 Tasks
P. 17
Chapter 5
RISK MANAGEMENT (P3)
FAMILIARISATION
1 CORPORATE GOVERNANCE
EXERCISE 1 – ANALYSIS OF CORPORATE GOVERNANCE
Evaluate the corporate governance structure at Vita.
(Assume Vita’s corporate governance guidance in Newland is “principles based” such as found in
the UK)
2 RISK
EXERCISE 2 – RISK REGISTER
As part of risk management, Vita will need to consider all risks it faces. Evaluate the risk register
on page 16. Consider if there are any additional risks and how they could be mitigated.
3 INTERNAL CONTROLS
EXERCISE 3 – INTERNAL AUDIT
We know that Vita have an Audit committee; they are likely to have an Internal Audit function.
They could be required to audit any part of the operation.
Describe the types of testing the auditor may perform. Where applicable, refer to the risks that
may occur as part of the testing process.
KAPLAN PUBLISHING 13
