What is Compliance?

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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.

1,546 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

96%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

1,546 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 videosTotal 36 minutes

Welcome to the Course2 minutes
Defining Compliance5 minutes
Making Rules "Stick"6 minutes
Knowing the Rules5 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" Problem4 minutes
Module 1 Summary4 minutes

3 readingsTotal 55 minutes

Pre-Course Survey (Optional)10 minutes
What Is Compliance?20 minutes
Enron Scandal: The Fall of a Wall Street Darling25 minutes

2 assignmentsTotal 45 minutes

Module 1 Quiz15 minutes
Making Rules "Stick"30 minutes

2 discussion promptsTotal 40 minutes

Introduce Yourself10 minutes
Rules & the Airline Industry30 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 videosTotal 23 minutes

Obligations are Numerous, Pervasive and Varied5 minutes
The Demands of a Settlement Agreement4 minutes
The Board of Directors Has a Fiduciary Duty6 minutes
Avoiding Reputational Harm3 minutes
The Indispensable and Positive Value of Compliance5 minutes
Module 2 Recap1 minute

1 readingTotal 45 minutes

Avoiding Fines and Penalties45 minutes

4 assignmentsTotal 110 minutes

Module 2 Quiz20 minutes
Is It a Financial Driver?30 minutes
The Board of Directors' Duties30 minutes
The Positive Values of Compliance30 minutes

1 discussion promptTotal 30 minutes

Identifying Penalties30 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 videosTotal 17 minutes

Compliance & Risk Management3 minutes
Risk Analysis4 minutes
Risk Tolerance3 minutes
Outsourcing Risk & Compliance2 minutes
Insurance as Another Vehicle to Manage Risk5 minutes

2 readingsTotal 45 minutes

Responses to Reputational Harm20 minutes
Chipotle's Food Safety Crisis25 minutes

2 assignmentsTotal 25 minutes

Module 3 Quiz20 minutes
Reading Quiz - Assessing Chipotle's Risk5 minutes

1 discussion promptTotal 10 minutes

Managing Risk10 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 videosTotal 14 minutes

Compliance Taken More Seriously by Enforcement Agencies7 minutes
Institutional Compliance v. Compliance in Specific Subject Areas4 minutes
The Burgeoning Profession of Compliance3 minutes

3 readingsTotal 40 minutes

"Loot Boxes" & Regulation20 minutes
Concluding Thoughts10 minutes
Post-Course Survey (Optional)10 minutes

1 assignmentTotal 30 minutes

Generalist or Specialist?30 minutes

1 peer reviewTotal 60 minutes

Complete a Risk Profile60 minutes

1 discussion promptTotal 10 minutes

Shifts in Compliance10 minutes

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Instructors

Instructor ratings

(408 ratings)

Andrew Kandel

University of Pennsylvania

3 Courses77,083 learners

Offered by

University of Pennsylvania

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Reviewed on Jan 2, 2021

Well-structured, clearly presented information, up-to-date, without unnecessary beating around the bush. I enjoyed the course and recommend it to others.

Reviewed on Aug 13, 2023

I found the lectures to be informative and easy to follow. The professors were engaging, which made it effortless to comprehend and retain the material. I am eagerly looking forward to the next class.

Reviewed on Apr 19, 2022

I love that the course incorporates so many relevant case studies. Great content. It is taught in a manner that is easy to grasp. Both instructors are excellent at teaching the subject.

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