IIA-Australia Factsheet - Compliance Program

IIA-Australia Factsheet - Compliance Program

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Author

IIA-Australia

Date

 2022

Topics Explored

Compliance

Format

Factsheet

Extract/Description

Compliance management is actively used in high-value, high-transaction environments such as financial services where a compliance unit reporting to top management is mandated in many jurisdictions.

Key Points

  1. An organisation’s approach to compliance is usually shaped by the leadership applying ethical and community standards.
  2. Most compliance obligations will be built into the day-to-day organisation procedures so everyday operation of the organisation will be compliant.
  3. Assurance that an organisation is complying with its obligations requires validated data and other evidence.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate