Please read the following instructions:
The focus of the compliance management system should be on Commitment, implementation, monitoring and measuring and continuous improvement.
The questions of the survey tool should cover the following areas:
Senior management commitment
Compliance policies being endorsed/supported by management
Resources are allocated for the development and implementation
Compliance obligations and identified
Responsibilities for compliance outcomes is established
Training is provided to employees to enable them to fulfil compliance obligations.
Culture is created which supports compliance objectives
Controls are established to manage compliance obligations
Program performance is measured and monitored
Program is continually improved
Demonstration of compliance through documentation and practice.
○ a system for risk management according to AS/NZ ISO 31000:2009 risk management principals and guidelines
○ records management system according to AS ISO 15489:2004 Records management
○ guidelines for complaints handling as according to the AS ISO 10002:2006 Guidelines for complaints handling
suitable system components. For example:
○ asset management and security, including cash handling and fraud
○ legislative compliance in relation to tax, financial reporting, WH&S, privacy
○ recordkeeping specifically with regards to confidentiality of records
○ professional ethics
The standards which you can write about and follow:
AS 3806:2006 Compliance programmes
AS/NZ ISO 31000:2009 risk management principals and guidelines.
AS ISO 10002:2006 Guidelines for complaints handling
AS ISO 15489:2004 Records management
It must include budget for research, and you must calculate your own wages in terms of time spent on researching. It will be calculated by multiplying your hourly wage rate with number of hours spent on research. Your hourly wage is $30 per hour.
Note: We cannot go over $ 60,000. Therefore, the option chosen must consider the set budget.
To formulate a proper budget, you’ll have to examine several factors, including:
- Number of employees (including any potential new hires)
- Complexity of your business
- Inherent risk exposure
- Time required for compliance activities, such as gathering and analyzing data, building reports, identifying risk exposure, reading the news, preparing for exams, etc.
- Cost of necessary tools and resources
- Cost of training
- Monitoring and reporting procedures