List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
conduct a review of one organisation or business unit to determine requirements of compliance with AFSL and regulatory framework.
In the course of the above, the candidate must:
assess viability of current controls and their compliance with requirements of licence and regulatory frameworks
communicate and confirm operational controls reliance with appropriate personnel
communicate strategic issues to different groups of stakeholders
build compliance capabilities of teams.
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
key principles of AFSL and relevant legislation
types of compliance breaches and breach reporting standards
types of mitigation controls for monitoring risk
techniques and performance indicators for monitoring the operation of compliance
organisational operational controls including breach of licence controls
key resources required by staff in meeting compliance objectives, including training programs, technology and support staff.
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
regulations, standards and codes required to determine compliance framework
office equipment, technology, software and consumables required to produce the performance evidence
operating organisational software systems and data required to produce the performance evidence.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.