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Webinar: Monitoring the Effectiveness of Your Compliance Program: Quality Assurance Testing & Auditing


Wednesday, March 13, 2013


Speaker:  Kenneth W. Proctor, Abound Resources


About the Program


Today's credit unions are subject to myriad regulations. Failure to comply with these regulations is costly and can cause reputational damage and penalties and impair the credit union's ability to achieve its business objectives. Resources are limited – everything can’t be checked and rechecked. Consequently, it is vital that compliance officers conduct compliance reviews and test business activities to monitor the effectiveness of compliance policies and procedures as well as staff adherence – and do so in a cost-effective manner.



  • Developing a compliance-risk profile and assessment
  • Developing a comprehensive risk-based compliance testing and quality assurance program
  • Defining quality assurance, testing, and compliance auditing roles and responsibilities
  • Determining the frequency of quality assurance testing and auditing
  • Defining the scope of testing
  • Developing appropriate test procedures
  • Sampling techniques
  • Documenting compliance QA, testing, and audit results
  • Potential benefits of outsourcing compliance testing and auditing and how to select outsourced vendors


Related Files
Printable Brochure (Adobe PDF File)

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