What is Compliance?

This course is part of Regulatory Compliance Specialization

Instructors: Andrew Kandel

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4 modules

Gain insight into a topic and learn the fundamentals.

1,518 reviews

1 week to complete

at 10 hours a week

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Learn at your own pace

96%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

1,518 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

96%

Most learners liked this course

What you'll learn

Define compliance within an industry setting
Describe the ways in which compliance affects any industry, company, or organization
Identify the reasons industries, companies, and organizations should engage in compliance
Examine the importance of compliance in supporting the financial, reputational, and functional aspects of an industry, company, or organization

Skills you'll gain

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Assessments

9 assignments¹

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Taught in English

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This course is part of the Regulatory Compliance Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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There are 4 modules in this course

Compliance isn’t only about preventing problems and ensuring that everyone is abiding by laws, rules, and regulations. It’s also about the positive impact a robust and ethical compliance program can have on a business or organization.

In this course we will discuss why compliance is important – from the needs facing businesses in highly regulated industries to avoiding fines and penalties to preventing reputational and economic nightmares. We’ll examine real-world examples of compliance and governance failures and their impact, and consider strategies for avoiding similar situations in our own organizations. You’ll be able to think about risk management in new ways and apply strategies to manage it.

What is compliance and why is it important? In this module, we answer those questions while also looking at some recent high-profile cases of non-compliance in the business world.

What's included

8 videos3 readings2 assignments2 discussion prompts

8 videos Total 36 minutes

Welcome to the Course 2 minutes
Defining Compliance 5 minutes
Making Rules "Stick" 6 minutes
Knowing the Rules 5 minutes
Case Study: Enron's Systemic Compliance Failures (Part 1) 4 minutes
Case Study: Enron's Systemic Compliance Failures (Part 2) 6 minutes
Case Studies: The "One Guy" Problem 4 minutes
Module 1 Summary 4 minutes

3 readings Total 55 minutes

Pre-Course Survey (Optional) 10 minutes
What Is Compliance? 20 minutes
Enron Scandal: The Fall of a Wall Street Darling 25 minutes

2 assignments Total 45 minutes

Making Rules "Stick" 30 minutes
Module 1 Quiz 15 minutes

2 discussion prompts Total 40 minutes

Introduce Yourself 10 minutes
Rules & the Airline Industry 30 minutes

Non-compliance can have massive real-world implications for the general public, not just individuals directly related to a non-compliant company. In this module, we examine laws that specifically create compliance obligations, as well as the potential costs of non-compliance.

What's included

6 videos1 reading4 assignments1 discussion prompt

6 videos Total 23 minutes

Obligations are Numerous, Pervasive and Varied 5 minutes
The Demands of a Settlement Agreement 4 minutes
The Board of Directors Has a Fiduciary Duty 6 minutes
Avoiding Reputational Harm 3 minutes
The Indispensable and Positive Value of Compliance 5 minutes
Module 2 Recap 1 minute

1 reading Total 45 minutes

Avoiding Fines and Penalties 45 minutes

4 assignments Total 110 minutes

Is It a Financial Driver? 30 minutes
The Board of Directors' Duties 30 minutes
The Positive Values of Compliance 30 minutes
Module 2 Quiz 20 minutes

1 discussion prompt Total 30 minutes

Identifying Penalties 30 minutes

Every company and organization must deal with risk, and compliance is ultimately a vehicle to mitigate risk. This module explores the close relationship between compliance and risk management. We will analyze the ways in which compliance programs manage risk, as well as alternative forms of risk management.

What's included

5 videos2 readings2 assignments1 discussion prompt

5 videos Total 17 minutes

Compliance & Risk Management 3 minutes
Risk Analysis 4 minutes
Risk Tolerance 3 minutes
Outsourcing Risk & Compliance 2 minutes
Insurance as Another Vehicle to Manage Risk 5 minutes

2 readings Total 45 minutes

Responses to Reputational Harm 20 minutes
Chipotle's Food Safety Crisis 25 minutes

2 assignments Total 25 minutes

Reading Quiz - Assessing Chipotle's Risk 5 minutes
Module 3 Quiz 20 minutes

1 discussion prompt Total 10 minutes

Managing Risk 10 minutes

This module highlights developments in the ever-evolving world of compliance, with special emphasis on recent trends in regulatory focus.

What's included

3 videos3 readings1 assignment1 peer review1 discussion prompt

3 videos Total 14 minutes

Compliance Taken More Seriously by Enforcement Agencies 7 minutes
Institutional Compliance v. Compliance in Specific Subject Areas 4 minutes
The Burgeoning Profession of Compliance 3 minutes

3 readings Total 40 minutes

"Loot Boxes" & Regulation 20 minutes
Concluding Thoughts 10 minutes
Post-Course Survey (Optional) 10 minutes

1 assignment Total 30 minutes

Generalist or Specialist? 30 minutes

1 peer review Total 60 minutes

Complete a Risk Profile 60 minutes

1 discussion prompt Total 10 minutes

Shifts in Compliance 10 minutes

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Instructors

Instructor ratings

(407 ratings)

Andrew Kandel

University of Pennsylvania

3 Courses 72,616 learners

Offered by

University of Pennsylvania

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Reviewed on Apr 27, 2020

I got to have a better perspective of compliance and its role in the business environment. The instructors are well conversant and will enrich you.I would highly recommend this course.

Reviewed on Jan 21, 2020

Great breadth of knowledge covered in the course, offering a solid foundation for compliance. Very interesting and relevant examples across multiple industries to provide insight on compl

Reviewed on Aug 20, 2019

Great course! Provides an overview of what is compliance and clarifies various topics for people who are seeking more knowledge over the subject.

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Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.