regulatory inspections

Question 1

regulatory body powers

Answer 1

•prohibition notice-stop specific activity
suspension-can’t operate until fixed
closure-close all activities

Question 2

inspection types

Answer 2

•check if an organisation is doing what it says/meant to be doing

•pre-planned inspections
•unannounced

Question 3

preparation for inspection

Answer 3

•staff meeting,discuss the inspection
•regular ‘mock inspections’ -identify gaps
•prepare documentation-policiesprocedures,

Question 4

impact of non compliance

Answer 4

•job losses,
•fines,
•prohibition notices issues,

Question 5

risks of non compliance (for)

Answer 5

operational, financial, reputational.

Question 6

approaches organisations to be compliant

Answer 6

•appointing a compliance manager
•undertaking regular internal inspections
•using unannounced internal inspections