Compliance Risk Management

Source details

Training Program: Compliance Risk Management presented by the IMF's SARTTAC office.
Target Audience: Middle-management and operational level officers who are responsible for the compliance risk function or unit within their administration/jurisdiction or will undertake such work in their future career path.
Qualifications: Participants should have at least five years' experience in the tax authority.

Purpose: To consider the importance of a risk-based approach to compliance and how this leads to the efficient administration of the revenue system.
Intended participants: Those responsible for establishing or leading their administration's compliance risk function or unit.
Pedagogical approach:
- Cover theoretical concepts at the beginning of each module.
- Follow theory with practical examples to aid understanding.
- Employ group activities and discussions focused on alignment to the administration’s strategic direction.
- Support development of administration-specific plans to implement a risk register and adopt risk differentiation.

What is risk management and why is risk-based management important
Undertaking intelligence gathering
Risk differentiation
Mitigating risks through a compliance improvement program
Development by each administration of plans to implement a risk register and adopt risk differentiation

Objective: Cover conceptual material (i.e. theory) and ensure strong fundamentals through practical exercises.
Expected outcomes:
- Provide participants with sufficient knowledge and tools to return to their administration to take a leadership role in the establishment or management of the compliance risk system.
- Equip participants to develop and align compliance programs with their administrations’ strategic direction.