Page 15 - CIMA SCS Workbook August 2018 - Day 1 Tasks
P. 15
Chapter 5
RISK MANAGEMENT (P3)
FAMILIARISATION
1 CORPORATE GOVERNANCE
EXERCISE 1 – ANALYSIS OF CORPORATE GOVERNANCE
Evaluate the corporate governance structure at FNG.
(Assume FNG corporate governance guidance in Borland is “principles based” such as found in the
UK)
2 RISK
EXERCISE 2 – RISK REGISTER
As part of FNG risk management, it will need to consider all risks it faces. Evaluate the Risk
Register on page 17 of the pre-seen; do you think the risk register is reasonable? Are there any
other risks FNG would need to consider? How should these be mitigated?
3 INTERNAL CONTROLS
EXERCISE 3 – INTERNAL AUDIT
FNG 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 11
