AS 3806 Compliance programs define compliance as adhering to the requirements of laws, industry and organisational standards and codes, principles of good governance and accepted community and ethical standards.

Organisations must comply with numerous local (and sometimes global) regulatory requirements. Implementing compliance processes to meet these requirements across various departments and multiple locations is a major challenge for compliance managers.

GuardianERM.net allows organisations to establish specific regulatory compliance programs to demonstrate compliance to a range of Australian regulatory requirements like the Occupational Health & Safety Act, Trade Practices Act, APRA and PHIAC prudential standards, ASX listing rules, ASIC requirements, Anti-money Laundering Act and Privacy Act…to name a few.

Compliance programs can take many forms, from task reminders, surveys, self-assessments and attestations to risk-based compliance audits. GuardianERM.net has the flexibility to support various approaches.

Compliance managers can set up predefined templates and schedule activities for responsible managers to complete.

Organisations that must meet global regulatory requirements can also set up compliance programs that support regulations and acts including Sarbanes-Oxley Act, FSA (UK) Rules & Standards, Canada bill 198, Kon TraG (Germany) and Basel II.

GuardianERM.net is perfect for global organisations operating in many regions that need to comply with the Sarbanes-Oxley Act. They can record and evaluate their risks, conduct control evaluations, perform audit of controls and record issues in the one system.

Supports the BASEL II operational risk requirements to evaluate a range of operational and qualitative risk.

How many compliance activities does your organisation undertake? How effective is the compliance management framework?

All organisations must meet a range of external regulatory requirements. Regulatory requirements can range from lodging periodic financial returns to completing enforceable undertakings by due dates. Failure to meet important regulatory obligations can result in fines or jeopardise the survival of the organisation.

GuardianERM.net has an easy to use compliance function that allows users to manage important compliance activities:

• Users record key compliance activities – including the business process.
• Schedule email reminders at preferred intervals – daily, weekly, monthly, quarterly, annually etc.
• Confirm when a compliance task is completed.
• Maintain a permanent log of compliance dates