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Evidence Guide: BSBCOM501 - Identify and interpret compliance requirements

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBCOM501 - Identify and interpret compliance requirements

What evidence can you provide to prove your understanding of each of the following citeria?

Clarify the scope of operations

  1. Identify and review the relevant range of operations and the sphere of business arrangements of the organisation
  2. Conduct an analysis of the operations and business arrangements of the organisation and identify the functions, products and services that may be subject to compliance requirements
  3. Develop and document work activity plans for determining relevant compliance requirements
  4. Obtain approval of plans from relevant organisational personnel
Identify and review the relevant range of operations and the sphere of business arrangements of the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct an analysis of the operations and business arrangements of the organisation and identify the functions, products and services that may be subject to compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and document work activity plans for determining relevant compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain approval of plans from relevant organisational personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify compliance requirements

  1. Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards
  2. Ensure the search of compliance requirements scans across all relevant jurisdictions of laws, regulations, and industry and organisational codes and standards and identify pertinent compliance requirements
  3. Progressively review information collected in terms of its relevance to the organisation’s operations, services and products
  4. Organise and store gathered information on relevant compliance requirements in an appropriate format for further analysis
Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure the search of compliance requirements scans across all relevant jurisdictions of laws, regulations, and industry and organisational codes and standards and identify pertinent compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Progressively review information collected in terms of its relevance to the organisation’s operations, services and products

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Organise and store gathered information on relevant compliance requirements in an appropriate format for further analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret, analyse and prioritise identified compliance requirements

  1. Review and interpret collected information in terms of its relevance to the organisation’s functions, services and products
  2. Discuss and clarify with relevant internal or external personnel ambiguities, uncertainties and problems experienced in interpreting identified compliance information
  3. Identify, analyse and prioritise relevant compliance requirements in terms of critical implications for the organisation and risks and consequence of possible breaches
  4. Group pertinent compliance requirements into those that are critical and central to the organisation’s operations, those that are important in some circumstances but are not central to the organisation’s operations, and those that are pertinent but are incidental to the organisation’s operations
Review and interpret collected information in terms of its relevance to the organisation’s functions, services and products

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss and clarify with relevant internal or external personnel ambiguities, uncertainties and problems experienced in interpreting identified compliance information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify, analyse and prioritise relevant compliance requirements in terms of critical implications for the organisation and risks and consequence of possible breaches

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Group pertinent compliance requirements into those that are critical and central to the organisation’s operations, those that are important in some circumstances but are not central to the organisation’s operations, and those that are pertinent but are incidental to the organisation’s operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document compliance requirements

  1. Organise and document outcomes of the identification and interpretation activities
  2. Prepare and communicate reports of relevant compliance requirements and assessment of implications to relevant personnel performing specific compliance management functions
Organise and document outcomes of the identification and interpretation activities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and communicate reports of relevant compliance requirements and assessment of implications to relevant personnel performing specific compliance management functions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Clarify the scope of operations

1.1 Identify and review the relevant range of operations and the sphere of business arrangements of the organisation

1.2 Conduct an analysis of the operations and business arrangements of the organisation and identify the functions, products and services that may be subject to compliance requirements

1.3 Develop and document work activity plans for determining relevant compliance requirements

1.4 Obtain approval of plans from relevant organisational personnel

2 Identify compliance requirements

2.1 Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards

2.2 Ensure the search of compliance requirements scans across all relevant jurisdictions of laws, regulations, and industry and organisational codes and standards and identify pertinent compliance requirements

2.3 Progressively review information collected in terms of its relevance to the organisation’s operations, services and products

2.4 Organise and store gathered information on relevant compliance requirements in an appropriate format for further analysis

3 Interpret, analyse and prioritise identified compliance requirements

3.1 Review and interpret collected information in terms of its relevance to the organisation’s functions, services and products

3.2 Discuss and clarify with relevant internal or external personnel ambiguities, uncertainties and problems experienced in interpreting identified compliance information

3.3 Identify, analyse and prioritise relevant compliance requirements in terms of critical implications for the organisation and risks and consequence of possible breaches

3.4 Group pertinent compliance requirements into those that are critical and central to the organisation’s operations, those that are important in some circumstances but are not central to the organisation’s operations, and those that are pertinent but are incidental to the organisation’s operations

4 Document compliance requirements

4.1 Organise and document outcomes of the identification and interpretation activities

4.2 Prepare and communicate reports of relevant compliance requirements and assessment of implications to relevant personnel performing specific compliance management functions

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Clarify the scope of operations

1.1 Identify and review the relevant range of operations and the sphere of business arrangements of the organisation

1.2 Conduct an analysis of the operations and business arrangements of the organisation and identify the functions, products and services that may be subject to compliance requirements

1.3 Develop and document work activity plans for determining relevant compliance requirements

1.4 Obtain approval of plans from relevant organisational personnel

2 Identify compliance requirements

2.1 Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards

2.2 Ensure the search of compliance requirements scans across all relevant jurisdictions of laws, regulations, and industry and organisational codes and standards and identify pertinent compliance requirements

2.3 Progressively review information collected in terms of its relevance to the organisation’s operations, services and products

2.4 Organise and store gathered information on relevant compliance requirements in an appropriate format for further analysis

3 Interpret, analyse and prioritise identified compliance requirements

3.1 Review and interpret collected information in terms of its relevance to the organisation’s functions, services and products

3.2 Discuss and clarify with relevant internal or external personnel ambiguities, uncertainties and problems experienced in interpreting identified compliance information

3.3 Identify, analyse and prioritise relevant compliance requirements in terms of critical implications for the organisation and risks and consequence of possible breaches

3.4 Group pertinent compliance requirements into those that are critical and central to the organisation’s operations, those that are important in some circumstances but are not central to the organisation’s operations, and those that are pertinent but are incidental to the organisation’s operations

4 Document compliance requirements

4.1 Organise and document outcomes of the identification and interpretation activities

4.2 Prepare and communicate reports of relevant compliance requirements and assessment of implications to relevant personnel performing specific compliance management functions