Professional Objective 2

Describe how in your role you have contributed toward effective governance, provide at least two
examples.
Establishing policies, to make significant and strategic decisions and to oversee the organization
activity, makes contribution towards effective governance. As a professional Accountant my
involvement was toward evaluating and improving governance, risk management, and internal control,
which represent core competences/capabilities of professional accountants. Organizations can be
assured that professional accountants are able to contribute strongly in meeting organizational
objectives in these areas. I played an active role in ensuring that governance, risk management, and
internal control form an integral part of an organizations overall management system. As professional
accountant I was also involved in the practice of external audits, assurance providers, and business
advisor Who provide professional services that aim to promote more robust governance
arrangements .As an Accountant I prepare managements performance reports or issue their own
reports to the public to help citizens, elected officials, and other community stakeholders with valid,
relevant and reliable data on a timely and accessible basis. In doing so, the reports provide active
citizens and elected officials with the information they need to evaluate community conditions and
services.
In what ways did you make sure you acted in the best interests of all concerned?
There are many standpoints on which I turn in the greatest interest of all concerned. The first one is
deontological principle; one has to do what is right thats good in itself. The second reason what is good
is because of long-term advantage of it (Utilitarianism). I expect to be treated well so I treat other
people well. Acting unethically is always a short-term view. So, I always consider an ethical path,
which is in the best interest of all concerned.

What negative impact(s) would have resulted if you had not acted in the way you did?
I trust employees relations are more significant than ethical and professional responsibilities as
jobholder. Its easy to stand up to an enemy but difficult when the other is friend and colleague. The
impact my action was that I gained trust of my seniors. (Back ground a colleague wanted favor as
regard to a mistake)

Professional Objectives 3
What experience have you had in dealing with non-financial risk?
Finance function has been stretched to every part of the organization, gathering information from every
part and thus has view of entire company. This allows and encourages the pan-organizational view
central to any embracing risk management approach. I have been part of risk valuation process and
assessed market risk, strategic risk, IT risk. I got professional advice from concerning experts and
identify critical points in each area. I have created retrieval plans for IT, Health & safety, compliance,
security and management of crises and disasters.
Using an experience in your workplace explain how have you ensured that the risk was correctly dealt
with?
I have identified Data loss risk in IT risk assessment. I have referred with IT specialists within my
organization and recommended my organization about my outcomes and solution. As per my proposal
we have created policy that every day back up tape must be replaced and should be kept in fire resistant
safe or away from the building. So in the event of fire we will not lose our data and business
information. I have confirmed it is happening on daily basis through log forms and IT Audit. Another
just a current example is I have measured business discontinuity risk and destruction risk due to
Political Riots. I have asked our insurance company to offer insurance for loss in case of Riots.
How did your organization benefit from your actions?
Proper risk assessment plays vital role in any organization. Through risk assessment, my organization
was able to control and minimize risks such as compliance, health and safety, employee turnover, IT
disaster, discontinuity of business..