You are required to read the provided report called "Governance, Risk & Compliance" issued jointly by ICAA (Institute of Chartered Accountants in Australia) and KPMG.

Other sources you should consider:
AUASB website
CPAA website
ASX website

Required:

Discuss the following in your essay (approximately 1,000 words and no more than 1,500 please):

a) What are the main points that the report identifies and why do you think this is so?

b) How do you think this report would benefit business entities, what type of entities and why?

c) What do you think prompted ICAA & KPMG to produce this report and how do you think this will benefit business entities, their boards (including the audit committees)

The due date for this assignment will be week 5 (must be lodged by 5.00pm on the Friday). Please note: a soft copy must be lodged on Safeassign by the due date and a hard copy provided to your lecturer.

NOTE: This essay must be properly referenced and whilst there will not be a limit set on using available information within your report, it is expected that much of this will be from your own understanding and effort. Please do not copy (plagiarise) or just change some words. Marks will be considered for research effort (relevant).