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    Guide

    Uploaded by

    Constance Hout
    The document provides a summary of the Board Examination for the Compliance Practitioner (CPrac) designation. The exam consists of two parts that must be completed in one sitting. Part I contains multiple choice questions testing knowledge and takes two hours. Part II contains open-ended case studies testing practical skills and takes one hour. The exam is based on key compliance documents and assesses 17 knowledge competencies for Part I and 9 practical skills competencies for Part II. Candidates who pass will be awarded the CPrac designation.

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    Guide

    Uploaded by

    Constance Hout
    174 views3 pages
    The document provides a summary of the Board Examination for the Compliance Practitioner (CPrac) designation. The exam consists of two parts that must be completed in one sitting. Part I contains multiple choice questions testing knowledge and takes two hours. Part II contains open-ended case studies testing practical skills and takes one hour. The exam is based on key compliance documents and assesses 17 knowledge competencies for Part I and 9 practical skills competencies for Part II. Candidates who pass will be awarded the CPrac designation.

    Original Description:

    Guide to exam

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    The document provides a summary of the Board Examination for the Compliance Practitioner (CPrac) designation. The exam consists of two parts that must be completed in one sitting. Part I contains multiple choice questions testing knowledge and takes two hours. Part II contains open-ended case studies testing practical skills and takes one hour. The exam is based on key compliance documents and assesses 17 knowledge competencies for Part I and 9 practical skills competencies for Part II. Candidates who pass will be awarded the CPrac designation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    174 views3 pages

    Guide

    Uploaded by

    Constance Hout
    The document provides a summary of the Board Examination for the Compliance Practitioner (CPrac) designation. The exam consists of two parts that must be completed in one sitting. Part I contains multiple choice questions testing knowledge and takes two hours. Part II contains open-ended case studies testing practical skills and takes one hour. The exam is based on key compliance documents and assesses 17 knowledge competencies for Part I and 9 practical skills competencies for Part II. Candidates who pass will be awarded the CPrac designation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The exam tests a candidate's knowledge and practical skills related to compliance risk management through multiple choice and case study questions across two parts in a single sitting.

    The exam consists of two parts that are written together in 3 hours. Part I contains multiple choice questions testing knowledge and Part II contains open-ended case study questions testing practical skills.

    Part I tests 17 knowledge competencies through multiple choice questions, while Part II tests 9 practical skills competencies by having candidates apply their knowledge to case studies.

    BOARD EXAMINATION SUMMARY GUIDE

    Note: A more detailed examination guide will be made available to candidates who have successfully
    applied and registered for the Board Exam. This guide is a summary only of the more detailed guide.

    INTRODUCTION
    Candidates who wish to be awarded the Compliance Practitioner (CPrac) designation will have to
    satisfy certain criteria of knowledge, practical skills and work experience. Board Examination I tests a
    candidates knowledge and ability regarding the practice of compliance risk management.

    STRUCTURE OF THE EXAM


    The exam consists of 2 parts that are written in the same sitting. The exam is structured as follows:
    Description

    Question
    type

    Estimated mark
    allocation

    Part I

    Tests the knowledge that a


    compliance practitioner should
    have

    Multiple
    Choice
    questions

    70

    Estimated
    time
    allocation
    2 hours

    Part II

    Tests the practical skills that a


    compliance practitioner should
    be able to apply
    Total

    Open ended
    (case
    studies)

    30

    1 hour

    100

    3 hours

    STUDY MATERIAL
    The exam is largely based on compliance knowledge and work experience. The following sources
    were used:

    Generally Accepted Compliance Practice (GACP) 1 - principles, standards and guidelines, version

    January 2013
    Code of Ethical and Professional Conduct

    1 The GACP is obtainable from the Members area on the Institutes website if you do not have a copy.
    Please contact the Institute if you experience any problems.

    Legislative Process in South Africa (2 documents of 40 pages are provided to candidates once they
    have successfully registered)

    COMPETENCY FRAMEWORK
    The exam is based on the following competency framework, i.e. candidates will be expected to have
    the following knowledge and demonstrate practical skills:
    Part I - Multiple Choice Questions (MCQ)
    Knowledge Competencies (KC)
    KC1

    Understand governance as a core principal of compliance

    KC2

    Understand the compliance policy statement

    KC3

    Understand the responsibility of management in respect of the compliance policy

    KC4

    Understand how a compliance function should be established

    KC5

    Understand how to determine the status of a compliance function

    KC6

    Understand the need for independence of the compliance function

    KC7

    Understand the roles and responsibilities of the compliance function

    KC8

    Understand how the role of the head of compliance should be assigned

    KC9

    Understand the fit and proper requirements of a compliance professional

    KC10

    Understand the need for adequate resources of the compliance function

    KC11

    Understand how compliance professionals should be appointed and terminated

    KC12

    Understand the compliance culture of the enterprise

    KC13

    Understand outsourcing of the compliance function

    KC14

    Understand the need for a regular independent review of the compliance function

    KC15

    Understand materiality as a core principle of compliance

    KC16

    Understand the CI Code of Ethical and Professional conduct

    KC17

    Understand the key definitions underlying generally accepted compliance practice

    Part II Open ended Questions (Case studies)

    Part I - Multiple Choice Questions (MCQ)


    Knowledge Competencies (KC)

    Practical Skills competencies (PS)


    PS1

    Understand the compliance risk management process

    PS2

    Understand how to analyse regulatory requirements

    PS3

    Understand how to perform enterprise-wide risk management

    PS4

    Understand how to perform compliance monitoring

    PS5

    Understand how to perform compliance reporting

    PS6

    Understand the principles of corporate governance

    PS7

    Understand the regulatory environment

    PS8

    Understand how to achieve effective change management

    PS9

    Understand the functioning of the control framework

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