IIA-Australia Factsheet - Compliance Management Systems

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