Risk Management and Compliance
Unit code: MBM530
|Credit points||12.5 Credit Points|
|Duration||12 weeks or equivalent|
|Contact hours||36 hours or equivalent|
This unit is a core unit for the Graduate Certificate of Business Management (Risk Management) and an elective unit in specified Graduate Certificates of Business Management.
The Graduate Certificate programs form the first year of the Master of Business Management .
Aims and objectivesThis unit aims to provide students with a broad understanding of the frameworks, concepts and roles of corporate governance, compliance and control within the context of managing risk across the organisation. Students will also understand the methodologies, tools and techniques used for auditing and reporting as applied to risk management.
The aims of this unit are to:
- Define corporate governance, accountability and compliance as they relate to risk
- Critique risk and compliance models in context
- Identify the operation of the Australian legislative and regulatory frameworks as they relate to compliance and risk in context
- Extend an understanding of risk and compliance frameworks and policies in an international context
- Identify codes of practice, principles and standards of compliance and risk management as appropriate to context
- Identify the requirements of risk reporting and auditing practices on a case-by-case basis
Individual assignment/report (30-50%)
Case-based project (30-50%)
Group-based online discussion (10-30%)
Generic skills outcomesSwinburne University of Technology works to produce higher education graduates who are capable in their chosen professions, can contribute in an entrepreneurial and innovative way within their workplace or community, can operate effectively and ethically in their business life, and are adaptable and able to manage change. It is expected that graduates will leave with a diverse wealth of experiences and will have developed individual knowledge, abilities and attitudes commensurate with professional standards appropriate to the business and wider community.
Within this context it is the intention that this program will enable students to develop the following skills:
- Definitions and concepts of corporate governance, responsibility, accountability, compliance and control in relation to risk
- The nature of risk management and compliance and the impact across the organisation
- Risk and compliance models
- Compliance, legislative and regulatory framework
- Social responsibility and responsiveness – the law and ethics
- Implications of international risk and compliance frameworks and principles for multinational organisations
- Codes of practice, principles, standards and recommendations to manage risk
- Risk auditing and reporting frameworks, requirements and practices
Reading materialsHillson, D & Murray-Webster, R 2007, Understanding and Managing Risk Attitude, 2nd edn, Gower, UK.
Merna, T 2008, Corporate Risk Management, 2nd edn, Wiley, USA.
Resaee, Z 2007, Corporate Governance Post-Sarbanes-Oxley: Regulations, requirements and integrated processes, Wiley, USA.
Shailer, G 2004, An Introduction to Corporate Governance in Australia, Pearson, Sydney.
Spedding, L & Rose, A 2008, Business Risk Management Handbook: A Sustainable Approach, CIMA Publishing, UK.
Tarantino, A 2008, Governance, Risk and Compliance Handbook, Wiley, USA.