PACC6004: Financial Management- Report Writing Assignment

Internal Code: MAS1148

Report Writing Assignment:

Task: The purpose of this assignment is for students to: 1. Demonstrate an understanding of the nature of the corporate entity and be aware of the authoritative influences that underpin accounting and reporting in the Australian and global regulatory environment; and 2. Explain the issues surrounding contemporary accounting controversies, in this case on corporate governance in diverse contexts using social, ethical, economic, regulatory and global perspectives. Question: Corporate governance is the system by which companies are directed and controlled (Cadbury Committee , 1992#). Using the annual reports of Westpac Group (a financial institution based in Australia) and OCBC Group (a financial institution based in Singapore), search for any disclosures in these two institutions’corporate governance principles and practices. In relation to these disclosures: (a) Identify any differences or similarities in their corporate governance practices; and (b) Provide any reasons from the business and regulatory environments in the countries to explain these differences?