Compliance Policy Practice Exam

About Compliance Policy
Compliance means having internal policies and procedures designed to prevent and detect violations of applicable law, regulations, rules and ethical standards by employees, agents and others.

An example of compliance is when a financial report is prepared that adheres to standard accounting principles. The state of being in accordance with relevant regional authorities and their regulatory requirements.

Compliance policy and procedure documents are the foundation of any compliance program, both in terms of organization and management of the program. These documents facilitate compliance with applicable laws, regulations and standards.

A compliance policy development, leads to creation of a compliance framework, also known as a compliance program, which is a structured set of guidelines and best practices that details a company's processes for meeting regulatory requirements.

External auditors can also use the compliance framework to evaluate and verify a company's internal controls. Compliance auditing/monitoring reports enlists summaries of incidents, reporting and disclosures with evidence that recurring issues are being addressed and compliance standards are being enforced.

Compliance Policy has gained immense popularity across the globe resulting in huge demand for certified professionals.

Why is Compliance Policy important?
It is important for businessmen and companies to comply and conduct their businesses as per the rules, laws, and regulations that govern every business activity and transaction.

Enforcing compliance policy helps company to
•    detect infringement of regulations
•    prevent any violations of rules
•    protect organization from fines and lawsuits
•    maintain corporate image

The compliance process should be ongoing to consistently and accurately govern compliance policies over time.  It is important to follow risk governance and compliance with the relevant legislation as well as by maintaining the standards set by laws.

Compliance Policy certified professionals, executives and managers are in high demand in companies across the globe.

Important  Concepts in Compliance Policy Exam

• Policy, Strategy And Tactic Basics
• Compliance Policy Planning
• Compliance Policy Development
• Compliance Policy Implementation
• Business Ethics and Compliance Policy
• Corporate Governance and Compliance Policy
  

Who should take the Compliance Policy Exam?
•    Legal and compliance professionals
•    Business owners
•    Entrepreneurs
•    Managers and senior executives
•    Anyone who wants to assess their skills
•    Legal consultants
•    Students
•    Professionals working in outsourced companies responsible for compliance
•    Any professional with skills and knowledge on compliance and law

Compliance Policy Exam Objectives

Compliance Policy exam focuses on assessing your skills and knowledge in concepts and application of Compliance Policy

Compliance Policy Exam Pre-requisite

There are no prerequisites for the Compliance Policy exam. Candidate should be well versed  in Compliance Policy to clear the exam.

Compliance Policy Certification Course Outline
1. Business Strategy
1.1 Definition of Strategy
1.2 Origins of Strategy Management
1.3 Is Strategy static in nature or dynamic?

2. Strategic Management
2.1 Strategic Management Processes
2.2 Top Management Decisions on Strategic Issues
2.3 Strategic Issues Likely to Have Long Term Impact
2.4 Strategies Are Essentially For The Future
2.5 Comprehensive Model of Strategic Management
2.6 Process of Strategic Management

3. Policy, Strategy And Tactic
3.1 Strategy
3.2 Features of Strategy
3.3 Strategy and Tactics
3.4 Distinction between Strategy and Tactics
3.5 Organizational Mission and Objectives
3.6 Implementation of Strategy
3.7 Policy
3.8 Policy and Strategy: A Comparison

4. Compliance Policy Planning
4.1 Features of-Planning
4.2 Importance of Planning
4.3 Steps in Planning
4.4 The Planning Process

5. Compliance Policy Development
5.1 Environmental Analysis
5.2 Local Laws and Regulations
5.3 Environmental Complexity
5.4 Compliance Policy development
5.5 Compliance Assessment

6. Compliance Policy Implementation
6.1 Functional Policies and Plans
6.2 Policy and Procedure
6.3 Integration of Functional Policies
6.4 Marketing
6.5 Human Resources
6.6 General Management

7. Business Ethics and Compliance Policy
7.1 History
7.2 Ethical Principles
7.3 Ethical Theories
7.4 Functional Business Areas
7.5 Value Integrity

8. Corporate Governance and Compliance Policy
8.1 What is Corporate Governance?
8.2 Principles Of Corporate Governance
8.3 Corporate Governance Models
8.4 Legal Environment – General
8.5 Sarbanes-Oxley Act of 2002
8.6 Codes and Guidelines
8.7 OECD Principles


Exam Format and Information
Certification name – Compliance Policy Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199