Legal and Regulatory Environment (LRE)
Module 2 develops knowledge and understanding of legal, regulatory and economic environments in which Australian organisations operate and make decisions. The legal, regulatory and trading (economic) environment is complex and can include traversing trade legislation and regulations, labour laws, copyright, privacy and cyber laws, civil and penal laws, taxation schemes, contract law, as well as the nature and laws of legal evidence.
This module covers: Ethics, ethical organisations and evaluating ethics | Legal and Regulatory Environment, including governance, the mandate for Internal Audit’s role, compliance mapping and assurance mapping | Fraud risk, prevention and investigation | Economic Environment, including the role of Government, macroeconomic issues and implications for Internal Audit, Risk and Controls Assurance.