5c. ALL LAB - Presenting a Successful Compliance Program - for Small to Mid-size Firms (Intermediate - CLOSED)
Effective monitoring and testing are critical to determine the reasonableness of a compliance program and require careful planning. Effective deployment, and the ability to adapt as necessary in light of changing regulatory environments and evolution of technology and resources is required. In this lab, participants will take a hands-on learning approach to designing and implementing an effective testing and surveillance program.
This session is closed to both regulators and members of the press.
The following learning objectives will be met using case studies, examples, group discussions, and other hands-on activities:
Learn to develop a risk-based framework for testing, monitoring and surveillance; make informed decisions about where to accept risk and the importance of staying informed of shifts in regulatory focus.
Develop and deploy your testing program through use of testing modules/checklists.
Understand the criticalness of utilizing testing results to inform compliance priorities and remediation efforts.
Discuss factors to be considered to continually monitor the effectiveness of current testing and surveillance practices.
