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
What evidence can you provide to prove your understanding of each of the following citeria?
Monitor licence and regulatory change
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Identify compliance requirements of AFSL and regulatory obligations applying to the organisation’s business activities Completed |
Evidence:
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Review licence on an ongoing basis to ensure any changes to organisational strategies or product and service offerings are meeting licence requirements and regulatory obligations Completed |
Evidence:
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Evaluate the impact of regulatory changes on the organisation or business unit Completed |
Evidence:
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Monitor and report risks and vulnerabilities
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Identify risks and vulnerabilities that may impact on the organisation’s compliance with AFSL requirements Completed |
Evidence:
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Review a range of operational controls to detect possible breaches of licence Completed |
Evidence:
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Investigate alerts triggered by controls and address breaches according to organisational policies and procedures Completed |
Evidence:
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Analyse trends in data generated by procedural controls to determine the effectiveness of reporting systems Completed |
Evidence:
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Report areas identified as needing improvement to parties responsible for those areas Completed |
Evidence:
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Confirm that remedial action has been agreed upon and completed Completed |
Evidence:
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Communicate regulatory change to the organisation or business unit
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Ensure new regulatory requirements and codes of practice are integrated into organisational compliance processes and internal policy documents Completed |
Evidence:
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Contextualise and communicate implications of regulatory change for business processes and procedures to staff Completed |
Evidence:
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Incorporate compliance issues and procedures into practice guidelines and document appropriately Completed |
Evidence:
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Report to the board on compliance with regulatory framework for the organisation or business unit Completed |
Evidence:
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Assist in creating a culture of accountability
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Communicate and confirm accountabilities and responsibilities to team members consistent with their capabilities and the operational plans of the organisation Completed |
Evidence:
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Support staff in developing their compliance awareness and competence Completed |
Evidence:
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