Export Compliance Audit

TRD-330

Course Description:

This advanced six-week online course examines the topic of auditing the trade compliance effort of an organization. Any organization, large or small, bound by the U.S. Government’s International Traffic in Arms Regulations or Export Administration Regulations or other regulations may find the concepts and topics reviewed in this course helpful in determining its own disciplined and unique audit methods and processes. In this course, “best practices” are reviewed and case studies are examined as the student determines practical solutions to real-life organizational issues and then assembles an audit process designed to meet his or her organization’s needs. As a final project, students design a Technology Control Plan using the concepts from this course.

There is no one “best practice” or one size fits all auditing process. Organizations perform audits for many reasons, use an independent auditor or may perform periodic audits using internal resources for various reasons. This course reviews the diverse options and processes that may be helpful to organizations seeking to monitor and audit their trade compliance effort.

Note: This is a law-related elective course is intended for experienced practicing international trade compliance professionals who need to apply a disciplined approach to designing and conducting an export compliance audit.

Prerequisites:

  • Understanding the ITAR (TRD-306)
  • Understanding the EAR (TRD-307)
  • Export Compliance Documentation (TRD-311)
  • Mastering ITAR Exemptions (TRD-308)
  • Agreements under the ITAR (TRD-299)
  • Ethics in Trade Compliance (TRD-320)

Are required prerequisite courses.

 

Course Credit: 3 Credit Hours

Major Course Topics & Course Outcomes

As a result of the group and individual activities included in this course, the student will acquire the following knowledge and skills that can be applied to the workplace:

Trade Compliance Audits - Overview 

  • Understand the purpose of trade compliance audits
  • Assess the different audit needs of companies, depending on the products and markets they serve
  • Discuss reasons/needs for performing an Audit:  Compulsory or voluntary
  • Review analytical approaches to compliance audits

ITAR and EAR Regulations related to Compliance Audits

  • Discuss the regulations and obligations to perform audits
  • Discuss various critical issues related to compliance audits
  • Comprehend the special auditing issues surrounding foreign nationals/foreign persons
  • To know the record keeping requirements of the ITAR and EAR

Auditor Responsibilities

  • Recognize auditors responsibilities to stakeholders

Export Controls Review Trigger

  • Assess the various events that can trigger a review of export controls
  • Discuss the impact of past history of violations on audit needs

Audits and Violation Discovery

  • Review the audit requirements of a violation discovery

Practical and Legal Issues 

  • Discuss the legal and practical issues surrounding compliance audits

Value of Internal and External Auditors 

  • Explain the organizational value of using various auditors
  • Discuss use of external consultants
  • Assess self-audit concerns and processes

The Audit Process

  • Evaluate the audit requirements of an organization
  • Determine the audit processes and procedures based on organizational structure
  • Designing the formal audit process
  • Establish monitoring and control mechanisms
  • Review the documentation needs

Audit Check Lists

  • Assess what must be audited based on the business activities
  • Do’s and Don’ts of Audits

Audit Management Software

  • Evaluate the various audit management software

Technology Control Plan (TCP) 

  • Review the required elements of a TCP
  • Design a TCP with detailed audit function

 

For current Course Materials click the provided link. Look for the Course Name & Code, to view the course materials needed for class.

 

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