1) Assume you have been appointed as an independent financial consultant to a public company board of directors. The Chairman has requested that you provide a report to the board making specific recommendations on how the company can conduct its corporate governance practices so that there is an effective balance between the shareholders’ expectation that the board will set strategies to maximise increases in shareholder value and need to ensure regulatory compliance.
2) Assume you are the Chief Financial Officer (CFO) of a public company listed on the Australian Stock Exchange. The Chairman of the board has requested that you prepare a report to be submitted the next meeting of the board of directors comparing and contrasting current cost accounting, market price accounting and historical cost adjusted accounting and to make a specific recommendation on which method should be adopted by your company. Your recommendation should be supported by reference to evidence based research.
3) Assume you are an independent financial consultant. The Chairman of a large Australian public listed company has set an objective for her company to become a leader in social, environmental and sustainability reporting. Your assignment is to prepare a report providing advice and recommendations to the Chairman on how to develop best practice by integrating social, environmental and economic impacts in the company’s sustainability reporting practices.
4) Assume you have been contracted as an expert accountant to the International Accounting Standards Board (IASB). Your assignment is to prepare a report that provides guidance and recommendations to the IASB on how to effectively evaluate the economic and social implications of the introduction of a new accounting standard.