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Compliance

9 Reality checks

Reality checks or ‘slice of life’ reviews provide assurance that programmes are performing as expected. They also determine in broad terms where gaps in ACVM policy, requirements, performance standards and procedures might lead to a lower than desirable level of risk management under the Act, or where regulatory intervention is unnecessary.

Reality checks are not necessarily undertaken as a result of reported non-compliance but priority is likely to be given on the basis of identified concerns or of existing information gaps. Activity is carried out by CIG on behalf of the ACVM Group.

The output of a reality check will be a report and recommendations to the Director, ACVM Group. Recommendations might include a review of ACVM policy or standards or changes to the frequency of an existing regular programme.