Session 3: BD/IA (LAB) – Best Practices for Approaching Annual Review, Testing & Surveillance (Intermediate)

In this lab, attendees will participate in discussions and interactive exercises focused on developing testing and surveillance strategies to help build and establish a robust compliance program. This session will highlight the importance of performing the annual review specific to the organization.  Participants will discuss the impact of headline enforcement actions and regulatory initiatives to drive the testing and review practices.    

The following learning objectives will be met using case studies, examples, group discussions, and other application activities:

• Identify red flags and where compliance failures can occur in control procedures to develop the annual review program 

• Apply a risk-based approach to your annual review program

• Evaluate the various methods of testing and learn how to utilize testing results to create an action plan

• Discuss how testing results are incorporated into the annual review report and communicated to senior management