The APCC has developed a framework of Professional Standards setting out best practice guidance for compliance consultants covering the following areas:
Professional Standards and Code of Ethics
Experience and qualifications
Healthcheck reports to clients
Procedures on change of appointment
The APCC works with Members to ensure they meet the Professional Standards. In the event that they are not able to do so then, regrettably, their membership will be terminated until such time as they are able to meet the required standards.
As the need arises the Standards are developed and modified. Members will be consulted on proposed changes until broad agreement is reached, at which point the Professional Standard is adopted by the Steering Council and member firms notified accordingly.
Professional Standards: The purpose of these Standards is to provide guidance to Member Firms on the minimum standards the Association expects all its members to meet on a continual basis. This covers such areas as standards relating to the firm as a whole, standards relating to client matters and standards related to the firm’s consultants. Additional supporting documentation for these standards include:-
Experience and qualifications: These are recommended minimum standards for the experience and qualifications of members’ consultants. The APCC considers that each member firm should maintain an experience and qualification matrix (or equivalent) which documents that within the firm it has sufficient expertise to support the different areas in which it provides advice.