Breakout 3B – Risk-Based Compliance Testing

This session will focus on transactional quality control tests for risk-based compliance testing.  Attendees will learn practical methods and best practices for testing.

Learning Objectives:

  • Comparing the different types of testing and their uses, such as walk-throughs, statistical sampling, “haphazard” sampling, and use of technology for different firm sizes
  • Discussing problems in testing and how to test the “tone at the top”
  • Understanding the elements of proper documentation
  • Addressing and reporting serious breeches