TVA/CP/02ComplianceAssurance & Integrity

Compliance Monitoring & Assurance

Practitioner2 daysCompliance

Programme overview

Deep specialisation in the monitoring half of the compliance role. Covers scoping, testing, working papers, findings and follow up to a standard that will withstand internal audit and regulator review. Includes a full simulated monitoring review carried out over the two days.

Who should attend

Compliance monitoring officers, compliance analysts, internal auditors covering regulatory compliance, quality assurance officers, and heads of compliance designing a monitoring function.

Sectors

Banks, insurers, retirement funds, SACCOs and microfinance, capital markets participants, telecommunications.

Modules

Monitoring versus assurance versus audit: drawing clean boundaries
Risk based scoping: deciding what to monitor this year and defending the exclusions
Designing the test: control objective, test procedure, sample size and selection method
Fieldwork discipline: evidence standards, interview technique, walkthroughs
Working papers that support the conclusion
Data driven monitoring: using full population testing where the data allows
Writing findings: condition, criteria, cause, effect, recommendation
Rating findings and agreeing management action with realistic dates
Follow up and validation of remediation
Thematic reviews and deep dives
Reporting the monitoring programme's results to committee
Combined assurance: coordinating with internal audit to avoid duplication

Learning outcomes

On completion delegates will be able to:

Scope an annual monitoring programme on a risk basis
Design and execute compliance tests with defensible sampling
Produce working papers to audit standard
Write findings that management accepts and acts on
Track remediation to verified closure