Determine Regulatory Record keeping Requirements Research Report - Management Assignment Help

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Assignment Task 

Complete the following activities: 

1. Based on the information provided to you in the case study, make a list of SimIT’s business  functions that would require records to be kept and the type of records they may keep,  for example, payroll would keep tax file numbers, learning and development would keep  learning records, customer service would keep customer information and bills, etc. You  are required to identify at least two record-keeping requirements for each branch and  may presume any information missing from the case study. 

2. For each of the business functions identified research the regulatory requirements. You  will need to research: 

  • Legislation and regulations that apply to SimIT for all the States of operation Australia  wide. This must include what evidence is required to be captured, what records have  to be retained, how the records are retained (eg electronic, copies, original) and  stored, and for how long 
  • Community, social and ethical standards and Codes of Professional conduct that  may apply 
  • National and technical standards that may apply  
  • The requirement for technology that can read and access the records  
  • The implications and impact of legal liabilities on the principle areas of risk identified  (in the case study)  
  • The specification and format of the record and evidence requirement. For example,  under the Fair Work Act 2009 a pay slip has to be in either electronic form or hard  copy and contain specific information. Where there is no set specification for a  record you may decide upon the detail.

3. Collate the data you have collected from the case study, the business functions with  record keeping requirements and the regulatory requirements into a report.  
Your report should be clear and concise and structured logically for the intended  audience (your assessor). You are encouraged to make use of tables in your report to  make the relationship clear between the business functions and the research you have 

 

 

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