| CODE | ACC4921 | |||||||||
| TITLE | Risk Management and the Professional Accountant | |||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Accountancy | |||||||||
| DESCRIPTION | Part 1 Risk Management: Theory and General Practice The Theory of Risk Categories of Risk Risk Management Function Enterprise Risk Management Risk Management in Credit and Financial Institutions Part 2 Risk Management for the Accountant The Accountant’s Regulatory Framework and Risk Management Principles Client acceptance and engagement acceptance Engagement Performance Practice management Study-unit Aims: To familiarize students with risk management theory and its translation into policies and practices both in general and specifically in a professional accounting environment. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: Identify and outline key risk management theories and categories and apply them with relevance to the accounting environment. 2. Skills (including transferable [generic] skills): By the end of the study-unit the student will be able to: Analyze key risk issues in credit and financial institutions as well as in audit firms and propose the appropriate response to them of the professional accountant. Main Text/s and any supplementary readings: COSO (2004). Enterprise Risk Management — Integrated Framework. COS. Sadgrove, K. (2005). Complete Guide to Business Risk Management. Gower Publishing. Crouhy, M., Galai, D. and Mark, R. (2006). The Essentials of Risk Management: The Definitive Guide for the Non-risk Professional. McGraw-Hill Professional. Solomon, J. (2007). Corporate governance and accountability. John Wiley. |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ACC2111 AND TAKE ACC3411 | |||||||||
| STUDY-UNIT TYPE | Lecture | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Miguel Borg Tonio Zarb |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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