Compliance - CompliSpace

Compliance

CompliSpace's compliance solutions have been created in-line with the Australian Compliance Standard (AS 3806-2006) and relevant legislation to assist companies of any size meet their organisational, legal and regulatory requirements.

Compliance breaches can substantially affect profits and reduce business value. Further, The Australasian Compliance Institute (ACI) has highlighted the fact that the two dominant compliance costs in today’s heavily regulated environment are keeping abreast of and implementing legislative change, and on-going compliance system monitoring and revision. Australian Compliance Institute Report, 2007

What constitutes a Compliance or Internal Control Program is clearly defined by the Australian Compliance Standard AS 3806-2006. The Australian Standard is based on 12 key management principles and is benchmarked by many regulators including the ASX, ASIC and the ACCC.

CompliSpace has created a comprehensive online Compliance Program and a range of services that can be quickly and effectively tailored to meet the needs of individual businesses no matter what their size or industry type.


Key features of the CompliSpace Compliance Program include:



Processes documented in line with the Australian Compliance Standard (AS 3806-2006)

Comprehensive training and testing programs covering common legal and regulatory compliance issues

Automated workflow processes for assigning and monitoring compliance tasks

Ability to easily capture and analyse compliance data

Highly transparent compliance reporting processes

CompliSpace’s Compliance Services include:



Senior management workshops that develop an understanding of the compliance management process

Facilitating the identification of an entity's legal and regulatory or organisational compliance obligations

Access to comprehensive libraries of legal and regulatory compliance obligations

The development of Compliance checklists tailored to a business’s particular needs

Conduct of compliance system audits and independent reviews

Management of key compliance functions on an outsourced basis