1.Why do organisations expect their managers to act with integrity in financial dealings at all times? Express your view on this with reference to 'financial probity and ethics'.

2. Unsatisfactory performance results failure in reaching and achieving the goal of a business organizations. Identify five corrective actions that management need to take to ensure the situation is rectified.

3. Explain why financial records for previous years could be important to keep in business organization. Identify what are the basic financial records that the Corporations Act 2001 may require a company to maintain?

4. The Privacy Act 1988 (Clth) deals with the responsibility that organizations have in relation to the security and confidentiality of customer's personal information. Describe the privacy principles that need to be followed by private sector organizations.

5. Maintaining an audit trail will often help to identify discrepancies in the system. Identify key reasons behind the discrepancies between agreed and actual allocations of funds and resources.

6. An organisation analyse the performance reports in order to take corrective action when required. Identify various methods used by an organisation for analysing reports with examples.