Writing an Effective Compliance Report

Boards and senior management are often short of time. They need to have clear, concise reporting from Compliance which will enable them to answer questions like:

What are the major Compliance risks?
What are we doing about them?
Who is doing it and by when?
What support do you need from us?
What are the hot regulatory topics that affect our firm?

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 is there to fulfil that purpose and alert relevant management to compliance concerns.

Many compliance functions may be unsure of how to put compliance 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’.

This course contains an exercise where attendees break out into groups and develop a compliance report. This is presented to the group as a whole, during which constructive comments are made. The trainer will also share his pro-forma compliance report, based on decades of providing and receiving such reports.

• 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.

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
• Apply appropriate wording to maximum effect
• Produce reports that get noticed

• Why is Compliance reporting important?
• Regulatory requirements
• The human side of reporting and management information
• Getting the basics right
• How to compile an informative and interesting report
• Group exercise in developing a report
• Consideration of a model compliance report

Have the flexibility to deliver your In-House training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.

Find out more about your Virtual or In-Person training experience below.