Unit of competency Outline
Date retreived
22/07/2026 7:02 AM AWST
22/07/2026 7:02 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Monitor corporate governance activities
Monitor corporate governance activities
Unit of competency
National Code
FNSACC634
FNSACC634
State Code
OEC08
OEC08
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
080101 - Accounting
Original Release Date
07/12/2022
Nominal Hours
60
Description
This unit describes the skills and knowledge required to research corporate governance reporting trends, examine corporate governance standards and practices, review compliance, and develop and implement processes and procedures for meeting corporate governance obligations.The unit applies to individuals who use current and specialised knowledge and analytical skills to provide advice on organisational processes to meet compliance and management requirements.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Establish corporate governance standards and practices
- 1.1 Monitor organisation’s application of and compliance with professional and legal accounting standards and identify emerging trends and interpretations of statutory and other regulatory requirements
- 1.2 Research audit reports and practices to assess methodologies and recommendations
2. Identify corporate governance reporting trends
- 2.1 Analyse organisational practices and identify corporate governance obligations and performance
- 2.2 Examine queries from statutory and other regulatory authorities for corporate governance failure to assess change effects on internal control procedures
- 2.3 Evaluate efficacy of policies being followed by organisation by assessing content and structure of reports, returns and processes
3. Determine processes for corporate governance compliance
- 3.1 Determine performance indicators for compliance with corporate governance requirements by analysing and monitoring internal control procedures
- 3.2 Evaluate information technology systems and determine their use and suitability for recording data from operations and transactions for corporate governance obligations
- 3.3 Establish management processes that support corporate governance
- 3.4 Establish reporting plans and confirm completion of compliance requirements within agreed timeframes
4. Review corporate governance compliance
- 4.1 Assess achievement of performance indicators and determine sources of variance against established performance targets
- 4.2 Monitor and review compliance preparation processes according to corporate governance requirements
- 4.3 Analyse failures in compliance and identify areas to improve processes according to corporate governance requirements
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| BBH93 | FNSACC624 | Monitor corporate governance activities | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHW9 | FNS60222 | Advanced Diploma of Accounting | Qualification |
| BHX3 | FNS60822 | Advanced Diploma of Integrated Risk Management | Qualification |