|Production Date:||December 1 2009|
*This course provides 1.00 Specialized Knowledge credit.
Set against the turbulent backdrop of economic hardship, Thomas Whiftord offers a detailed and apropos lecture on bank compliance testing. Whitford identifies the three major contexts of testing – Enterprise Risk Management, Operational Risk, and Compliance Program Management, and provides comprehensive strategies for working within them. Balancing the importance of establishing a clear testing plan with the still greater concern of how to measure the results, Whitford ‘s lecture equips attorneys with all the tools they need to ensure compliance within the market. In Whitford’s words, compliance testing "is vital to protecting our financial system from risks that are both known, and those that are unknown.” The program concludes with an informative Q & A from Lawline producer Meredith Ganzman.
I. Know the three contexts of testing.
II. Understand enterprise risk management.
III. Tell what Basel II Operational Risk is.
IV. Know what the 7 main operational risk types are.
V. Evaluate how operational risk occurs in the market.
VI. Analyze what is involved in Compliance Program Management.
Instruction Method: Self-Study
FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org
Blaine (Woodland Hills, CA)
Essential for anyone working withing a financial services firm
Nicholas (Fort Myers, FL)
Peter (CHARLOTTE, NC)
thought it would provide better guidelines on internal controls
Frederick (Colebrook, NH)
This is a good and very useful overview of compliance testing. Unlike other courses, this course adds practical value with a couple of examples so one can understand how a compliance test is actually implemented.