Business Ethics and Risk Management Quiz

Course Overview

• Focuses on governance, business ethics, risk management, and internal control for BSA and BSMA students.
• Aims to prepare students to enhance organizational value and improve governance and risk management.

Examination Relevance

• Covers SEC Code of Corporate Governance within business transaction regulations.
• Includes the audit process, stressing understanding the entity's environment and internal controls.
• Pertains to 35% of the 2019 CIA Exam Syllabus, specifically essentials of internal auditing and associated frameworks.

Course Objectives

• Achieve knowledge of professional accounting standards and demonstrate proficiency.
• Understand corporate governance, risk management, and internal control principles.
• Apply IT and management skills relevant to internal auditing.
• Utilize risk evaluation and internal control assessment techniques.
• Conduct audit engagements with minimal supervision while adhering to standards.

Course Modules

• Module 1: Internal Auditing
• Module 2: Corporate Governance Conceptual Framework
• Module 3: SEC Code of Corporate Governance
• Module 4: Business Ethics and Corporate Social Responsibility
• Module 5: Risk Fundamentals and Risk Management Process
• Module 6: Enterprise Risk Management
• Module 7: Basics of Internal Control
• Module 8: Evaluating Internal Control Design and Effectiveness
• Module 9: Fraud Risk

Key References

• International Standards for the Professional Practice of Internal Auditing by the IIA.
• Philippine Framework for Assurance Engagements.
• SEC Code of Corporate Governance and G20/OECD Principles.
• Revised Corporation Code and Sustainability Reporting Guidelines.
• COSO’s Enterprise Risk Management framework and ISO 31000:2018.

Relationship of Governance, Risk Management, and Control

• Governance directs risk management efforts, ensuring that objectives are set and met.
• Effective governance integrates risk management and internal controls for organizational effectiveness.

Test your knowledge on governance, business ethics, risk management, and internal control with this informative quiz. Designed for students at the Polytechnic University of the Philippines, this quiz assesses key concepts and practical applications in the field of accountancy and finance.