Rate the likelihood out of 10 using the scoring method provided below. Rate the impact out of 10 using the scoring method provided below. Calculate the resultant risk: Likelihood + Impact ÷ 2 = Overall Risk (e.g. 7 + 8 = 15 ÷ 2 = 7.5, therefore risk can be as a risk). ‘Medium’ Determine required monitoring frequency. Following completion of risk assessment, compare similarities and differences between ratings by learners. Discuss the reasons there are differences. Note: Risk ratings will vary from provider to provider depending on policies and procedures in and other relevant factors. Slide 59: Discuss the reasons why it’s important to a methodical, 3. Approach thorough and well documented approach to monitoring compliance. (See PW 96-97) Key reasons: Ensures compliance, identify where improvements are needed, builds a compliance profile for auditors. Slide 60: Documenting the results of compliance monitoring and 4. improvement, and keeping a record of this documentation, is critical to effective compliance with the DES Deed and guidelines. Without an audit history, there is little evidence to show the DSS auditors that your organisation is consistently ensuring that it meets the Deed and guidelines, i.e. there is no ability to demonstrate to the DSS that you have been complying and continuously improving your services. Slide 61: As a result of the monitoring of compliance it is quite likely that 5. Taking action there will be areas identified where improvements to policies, procedures and business practices can be made. There may be follow up points and further queries arising as a result of the compliance monitoring. That’s why it’s good practice to... (refer to slide).
Rate the likelihood out of 10 using the scoring method provided below. Rate the impact out of 10 using the scoring method provided below. Calculate the resultant risk: Likelihood + Impact ÷ 2 = Overall Risk (e.g. 7 + 8 = 15 ÷ 2 = 7.5, therefore risk can be as a ‘Medium’ risk). Determine required monitoring frequency. Following completion of risk assessment, compare similarities and differences between ratings by learners. Discuss the reasons there are differences. Note: Risk ratings will vary from provider to provider depending on policies and procedures in and other relevant factors. Slide 59: 3. Approach Discuss the reasons why it’s important to a methodical, thorough and well documented approach to monitoring compliance. (See PW 96-97) Key reasons: Ensures compliance, identify where improvements are needed, builds a compliance profile for auditors. Slide 60: 4. Documenting the results of compliance monitoring and improvement, and keeping a record of this documentation, is critical to effective compliance with the DES Deed and guidelines. Without an audit history, there is little evidence to show the DSS auditors that your organisation is consistently ensuring that it meets the Deed and guidelines, i.e. there is no ability to demonstrate to the DSS that you have been complying and continuously improving your services. Slide 61: 5. Taking action As a result of the monitoring of compliance it is quite likely that there will be areas identified where improvements to policies, procedures and business practices can be made. There may be follow up points and further queries arising as a result of the compliance monitoring. That’s why it’s good practice to... (refer to slide).
des-contractual-compliance_facilitator-guide_final-for-website.docx