The recognised standard

Unit: Compliance with legal, regulatory, ethical and social requirements

Summary

The unit aims to develop the ability to evaluate compliance with legal, regulatory, ethical and social requirements for own area of responsibility.

Syllabus Topics

  • Evaluation of legal, regulatory, ethical and social obligations across function
  • Liabilities and consequences of non-compliance
  • Risk factors based on occurrence and severity
  • Comparison of operational procedures and documentation against compliance requirements
  • Sources of compliance data and procedures to gather data
  • Cross analysis and weight of influence
  • Compliance reporting including stakeholder impact, consultation and governance
  • Action planning to improve non compliance
  • Principles of legal liability
  • Appropriate legal responses to address problems related to the functional area
  • Financial regulations, e.g. audit, Companies Act, Accounting Standards.