ACC 203: Corporate Governance and Accounting Ethics

Learning Outcomes

At the end of this course, students should be able to:

1. explain the theoretical framework for corporate governance;
2. describe the codes of corporate governance;
3. explain the governance structure of a company
4. describe role of shareholders in corporate governance;
5. explain the role of board of directors and board committees in corporate governance;
6. discuss internal control and audit procedures;
7. explain the role of governance in sustainability;
8. list the Ethical codes by the Financial Reporting Council of Nigeria, OECD and other Local and International agencies; and
9. explain relevant ethical codes for professional accountants (IFAC Codes of ethics).

Course Contents

Concepts of corporate governance, theoretical platform for corporate governance, the practice of corporate governance, codes of corporate governance – National (FRCN code). International (OECD), other relevant codes. Governance structure of a company in relation to shareholders, board of directors and management team. Ethical codes for internal and external auditors, the roles of shareholders in corporate governance, covering: types and protection of shareholders’ right, responsibilities of shareholders, general meetings of shareholders, roles of board of directors and board committees, in relation to: composition and responsibilities of

different board committees. Internal control and internal audit procedures, covering responsibilities of audit committee, internal auditor, and external auditor. Corporate Governance code by the Financial Reporting Council of Nigeria and ethical codes for the professional accountants (IFAC code of ethics).