05 November 2021

Compliance audit


This course will explain the importance of the Compliance Audit function and give delegates an understanding of how to meet both the internal challenge of providing assurance and the external challenge of regulatory expectation.

Who should attend?
Compliance, internal audit and business risk team members.

What you will gain
By the end of this course you will be able to:

  • provide assurance to the executive of the appropriateness and effectiveness of the systems and controls
  • provide confirmation to the regulator there is appropriate oversight and monitoring of activities with the risk profile of the business to underpin the approach

Programme outline

  • Business and risk fundamentals
  • Regulatory compliance and compliance risk
  • Audit and compliance auditing
  • Compliance audit - governance structure, independence and objectivity, including: making the case, key compliance issues, what to look for, the audit team, the process, and success factors
  • FCA conduct and governance issues
  • Relevant laws and regulations, including: senior management responsibilities (SYSC 4.7) and the SM&CR
  • FCA principles and ESMA guidelines - Independent Compliance function SYSC 6.1.3R
  • Management - recognition, identification, and transparency
  • Three levels of defence - the context for the Compliance function
  • Compliance monitoring and the review process - scoping the review, review plan, conducting the review, report writing, closing meeting and follow up
  • Gap analysis, topics including: CASS, complaints, financial crime, GDPR, market abuse, treating the customer fairly (TCF), and transaction reporting
  • Compliance audit techniques
  • Risk assessment, including: developing a risk-based compliance monitoring programme, and controls, workshops, stakeholder management, lessons learnt
  • Risks will determine - frequency, level of testing and reporting requirements
  • Audit plan
  • Thematic vs. Desktop monitoring
  • Onsite audit
  • Real-time auditing
  • Manual vs. automatic surveillance
  • Management information
  • FCA real case examples - a review of some enforcement actions taken, including: BNY Mellon, Deutsche Bank, Goldman Sachs
  • FCA focus areas
  • Conclusion: output - business response and support and the results

The course starts at 9.00am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
5 November 2021 - 09:00 London Price: GBP 650.00
Member price: £585. Plus VAT on all prices.

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CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at:

The information provided to BPP will not be used by BPP for marketing purposes.

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