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Evidence Guide: BSBSMB418 - Manage compliance for small business

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

 

BSBSMB418 - Manage compliance for small business

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

Determine compliance obligations

  1. Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards
  2. Access codes of practice and material that interprets and explains obligations and legislative requirements
  3. Review information for relevance to own small business operations, products and services
  4. Identify business-specific compliance requirements, and risks and consequences of possible breaches
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:

 

 

 

 

 

 

 

Access codes of practice and material that interprets and explains obligations and legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review information for relevance to own small business operations, products and services

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify business-specific compliance requirements, and risks and consequences of possible breaches

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop strategies to manage compliance requirements

  1. Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business
  2. Seek and utilise external expertise or sources of advice
  3. Allocate responsibilities for compliance functions
  4. Access resources to implement the compliance strategies
Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek and utilise external expertise or sources of advice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allocate responsibilities for compliance functions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access resources to implement the compliance strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement and monitor compliance management strategies

  1. Decide on the interval between regular, cyclical compliance checks
  2. Communicate compliance requirements to relevant others
  3. Record timing and outcomes of compliance checks according to business requirements
  4. Identify instances of noncompliance from compliance checks
  5. Take action to address non-compliances
  6. Check non-compliances have been resolved
Decide on the interval between regular, cyclical compliance checks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate compliance requirements to relevant others

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record timing and outcomes of compliance checks according to business requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify instances of noncompliance from compliance checks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Take action to address non-compliances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check non-compliances have been resolved

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify areas for improvement in compliance

  1. Review the outcomes of compliance checks and identify any operational problems
  2. Analyse any non-compliance to determine modifications required
  3. Access and analyse documentation relating to changes in compliance requirements
  4. Modify compliance management strategies based on information analysed
  5. Communicate any changes in compliance requirements to relevant others
Review the outcomes of compliance checks and identify any operational problems

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse any non-compliance to determine modifications required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access and analyse documentation relating to changes in compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Modify compliance management strategies based on information analysed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate any changes in compliance requirements to relevant others

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. Determine compliance obligations

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

1.2 Access codes of practice and material that interprets and explains obligations and legislative requirements

1.3 Review information for relevance to own small business operations, products and services

1.4 Identify business-specific compliance requirements, and risks and consequences of possible breaches

2. Develop strategies to manage compliance requirements

2.1 Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business

2.2 Seek and utilise external expertise or sources of advice

2.3 Allocate responsibilities for compliance functions

2.4 Access resources to implement the compliance strategies

3. Implement and monitor compliance management strategies

3.1 Decide on the interval between regular, cyclical compliance checks

3.2 Communicate compliance requirements to relevant others

3.3 Record timing and outcomes of compliance checks according to business requirements

3.4 Identify instances of noncompliance from compliance checks

3.5 Take action to address non-compliances

3.6 Check non-compliances have been resolved

4. Identify areas for improvement in compliance

4.1 Review the outcomes of compliance checks and identify any operational problems

4.2 Analyse any non-compliance to determine modifications required

4.3 Access and analyse documentation relating to changes in compliance requirements

4.4 Modify compliance management strategies based on information analysed

4.5 Communicate any changes in compliance requirements to relevant others

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. Determine compliance obligations

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

1.2 Access codes of practice and material that interprets and explains obligations and legislative requirements

1.3 Review information for relevance to own small business operations, products and services

1.4 Identify business-specific compliance requirements, and risks and consequences of possible breaches

2. Develop strategies to manage compliance requirements

2.1 Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business

2.2 Seek and utilise external expertise or sources of advice

2.3 Allocate responsibilities for compliance functions

2.4 Access resources to implement the compliance strategies

3. Implement and monitor compliance management strategies

3.1 Decide on the interval between regular, cyclical compliance checks

3.2 Communicate compliance requirements to relevant others

3.3 Record timing and outcomes of compliance checks according to business requirements

3.4 Identify instances of noncompliance from compliance checks

3.5 Take action to address non-compliances

3.6 Check non-compliances have been resolved

4. Identify areas for improvement in compliance

4.1 Review the outcomes of compliance checks and identify any operational problems

4.2 Analyse any non-compliance to determine modifications required

4.3 Access and analyse documentation relating to changes in compliance requirements

4.4 Modify compliance management strategies based on information analysed

4.5 Communicate any changes in compliance requirements to relevant others

Evidence of the ability to:

analyse small business operations to identify compliance requirements and the implications of these for the business

develop compliance strategies in accordance with regulatory and legislative requirements

communicate compliance requirements to relevant others

develop and implement a schedule to carry out regular compliance checks

record outcomes of compliance checks according to business requirements

take action to address instances of noncompliance

analyse outcomes of compliance checks and identify improvements.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

outline Australian and international standards, legislation, regulations, industry and organisational codes of practice specific to the small business

identify external professional, industry based and government sources of advice and expertise

outline compliance management strategies

describe methods for carrying out compliance checks.