BTF5118 · Regulatory compliance in practice

Overview

The practical aspects of managing for regulatory compliance (and beyond) is a complex but important aspect of managing any business. Boards want to ensure that compliance practices are managing risks within their appetite. Executives need to manage the often competing priorities of compliance management and operational efficiencies, and recognise when moving beyond compliance and embracing leading practice can offer strategic advantages. Managers and compliance professionals need practical tools to support them and their businesses to navigate these challenges. With a strong emphasis on those practical tools and guidance, this unit explores the compliance function from an ethical and practical organisational governance perspective, examining the multifaceted nature of regulatory compliance, including local and global considerations. Topics include: measuring organisational maturity; balancing compliance, risk and competitive advantage; building and managing cultures of ethical behaviour; and ensuring accountability and integrity.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. understand the role of ethics, integrity and conduct in compliance matters and help organisations navigate these challenges locally and internationally
2. independently and collaboratively evaluate an enterprise's compliance function using maturity and benchmarking tools, and formulate a business case that is fit for purpose for an organisation balancing compliance and leading practice with operational resourcing priorities
3. identify and appraise local and global regulatory and non-regulatory compliance requirements and recognise the importance of the relationship between compliance, risk and assurance
4. understand how to develop, implement, monitor and continuously improve a compliance management system to ensure the organisation meets its obligations and the Board, Officers and others with direct legal obligations can demonstrate that they are compliant.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.