The impact of clear and effective Compliance reporting must never be underestimated. Senior Management should be looking to Compliance to assure them that all is well with the business from a Regulatory standpoint or to draw their attention to areas of the business where there is a lack of Compliance.The...
The impact of clear and effective Compliance reporting must never be underestimated. Senior Management should be looking to Compliance to assure them that all is well with the business from a Regulatory standpoint or to draw their attention to areas of the business where there is a lack of Compliance.
The Compliance report, arising from the Compliance Monitoring Programme (CMP), is there to fulfil that purpose and alert relevant management to Compliance concerns.
Many Compliance functions may be unsure of how to put Compliance Monitoring reports together to produce a ‘better than average’ chance of both being taken seriously and a report being appropriately acted upon.
Historically, the regulator has fined firms for either not taking Compliance findings seriously or for not having strong enough Compliance teams. This course is designed to provide the training and materials to enable participants to produce reports attracting senior management attention for the right reasons and, consequently, producing that all-important ‘appropriate action’.
Who is this for?
- Compliance Officers and Compliance department personnel who may be new to report writing, responsible for report compilation, or need to refresh their knowledge
- The recipients of Compliance reports; Senior Management; Board and Audit Committee members
- Internal Audit staff would also benefit from seeing and understanding how Compliance reports can be constructed so that elements of that process can may be used effectively in other areas
Introduction and Background
- Compliance Monitoring and Regulation
- The regulator and why Compliance matters
- Management responsibilities and reliance on Compliance
- Reporting in to Corporate Governance structures
- The title page and meeting Corporate standards
- Designing a template – landscape or portrait
- The Introduction and Contents pages
Report Scope, Parameters and People
- The purpose of the (monitoring) review and report
- Compliance ‘Project’ reports – summary and objectives
- Acknowledging Key personnel
- Any ‘Points to be noted’
- Contents: subject areas considered and reviewed
- The Executive Summary
- Report ‘Findings’ and Recommendations
The Right of Reply
- Incorporating Management responses
Issuing the Report and document version control
- Recording, retention and re-visiting
Example reporting used in the session will provide templates covering most subjects likely to be required
After attending this course, participants will be able to:
- Design reports meeting their own in-house standards
- Ensure the design is “attractive” to the reader
- Assess their current reports and identify tips for enhancement
- Present reports that clearly highlight the material points
- Document appropriate recommendations
- Apply appropriate wording to maximum effect
- Produce reports that get noticed