How can I test whether my compliance systems actually work?

Knowing that a compliance system exists is not the same as knowing it works, and the gap between the two is where firms are most often caught out.

It matters to a board because an untested system offers false assurance, and regulators increasingly expect evidence of effectiveness, not just design. This report sets out how to test compliance systems in your chosen jurisdiction and industry, and the frameworks and testing methods regulators recognise.

It covers the warning indicators that a system is failing silently, and the financial and reputational impact ranges when an untested system breaks down.

It also sets out a structured testing approach, with explicit guidance on when to engage internal audit, independent assurance or a compliance specialist.