CANNABIS COMPLIANCE TRAINING DETAILS

According to the NCIA, the median salary for a compliance manager was 83k per year.

The purpose of The Certified Compliance Officer Audit Manual and Study Guidebook is to help the reader to become familiar with the basics of compliance audits so that they can actually perform these types of audits for a fee. The training in the modules and the guidebook will enable any student to a) perform a compliance audit, understands its elements, its principles and importance in the public sector; b) the intent and purpose of the CCO (Certified Compliance Officer) conducting compliance audits and how they perform the audits and quality control; ways in which licensed cannabis facilities can consider adopting the recommendations and findings of CCO’s in their business, (d) differences between compliance audits and other types of audits and how they can be combined in practice (assuming the correct credentials) and (e) the compliance audit process.

The exam covers the contents of the book and the lessons/lectures. Not every part of the body of knowledge is tested - rather it is important to understand the definitions of specific audit language, and how to apply them to an actual compliance audit.

1. A compliance audit should be designed to obtain reasonable assurance of detecting material misstatements due to:

a. Errors.
b. Errors and fraud.
c. Errors, fraud, and noncompliance with laws with a direct effect on the operation.
d. Errors, fraud and noncompliance with all law.

2. If the CCO comes across fraud they will:

Immediately contact regulators.
Prepare subpoenas for a judges signature
Exercise due professional care.
None of the above

3. How must significant deficiencies and material weaknesses be communicated to those charged with governance?
a. Either oral or written communication is acceptable.
b. Oral communication is required.
c. Written communication is required.
d. Written communication is required for material weaknesses, but oral communication is allowed for significant deficiencies.
CLICK HERE TO DISPLAY THE CORRECT ANSWERS: 1 - C, 2-C, 3-C. All of these questions are from material extracted directly from the audit guidebook.

The exam is 200 multiple choice questions, of which a 70% correct rate is required for passing.

BELOW IS THE TABLE OF CONTENTS FROM THE AUDIT GUIDEBOOK (THE STUDY MANUAL)

The review course is taught over three days, either online on scheduled dates (see below) or in person in different cities. Please check back for updates on when and where we will host the review live. The review course consists of lectures, Powerpoint slides, and working on handouts along with review questions to prepare students for immediate testing after the finish of the course. There will be an hour for lunch, and the instructor will be available till at least 7 o'clock each day of the review to provide answers to any questions students might have.

Review course are held the second Wednesday of every month. You must sign up at least a week in advance to receive materials and to ensure there is space. Any signups during the week previous to the review course will be credited to the next month's course.

DAY 1	TIME	DESCRIPTION
	8:30-8:45	Introduction to Cannabis Compliance Auditing
	8:45-9:15	Requirements to become a Certified Compliance Officer®
	9:15-10:00	Elements of a Cannabis Compliance Audit
	10:00-12:00	General Terms and Factors in the Cannabis Compliance Audit
	12:00-1:00	Lunch
	1:00-3:00	Main Concepts of Compliance Auditing
	3:00-4:00	Attestation Engagements
	4:00-5:00	Q&A
	5:00-6:00	Sample Exam Questions and Discussion about Correct Answers

DAY 2	8:30-8:45	Introduction to Planning and Designing a Cannabis Compliance Audit
	8:45-9:30	Consideration of Audit Risk and its Mitigation
	9:30-10:00	Determining Subject Matter, Criteria and Scope in Planning a Compliance Audit
	10:00-11:00	Risk Assessment of the Subject Matter/Audited Entity, Consideration of Fraud, Determining Reliance on Internal Controls
	11:00-11:30	Professional Judgment and Skepticism
	11:30-12:00	Determining Materiality
	12:00-1:00	Lunch
	1:00-1:30	Audit Strategy
	1:30-2:00	Determining Necessary Resources
	2:00-3:00	Documentation and Communication with the Client
	3:00-4:00	The Parts of a Cannabis Compliance Report
	5:00-6:00	Sample Exam Questions and Discussion about Correct Answers

DAY 3	8:30-9:30	Creating the Compliance Audit Plan
	9:30-10:00	Creating a Quality Assurance Plan
	10:00-11:00	Using Audit Checklists
	11:00-12:00	Gathering Evidence and Audit Tests for Cannabis Facilities
	12:00-1:00	Lunch
	1:00-2:00	Evaluation of Evidence and Writing the Compliance Audit Report
	2:00-2:30	Understanding Remediation
	2:30-4:00	Step by Step Guide to Conducting a Cannabis Compliance Audit
	4:00-4:30	Utilizing the Grower/Processor Inspection Checklist
	4:30-5:00	Utilizing the Dispensary Compliance Checklists
	5:00-6:00	Sample Exam Questions and Discussion about Correct Answers

Bonus!

BONUS! The first 100 signups for the Certified Compliance Officer Training Program will receive the review course for FREE!
Thereafter, the course will cost $895. The cost will include "The Certified Cannabis Compliance Officer Audit Manual & Guidebook" and the study materials.

The cost of the Certified Compliance Officer Course is $2,895, inclusive of the 800+ page guidebook, one year's access to the training modules, and the cost of taking the exam.

Re-examinations may be taken after a thirty day waiting period. The registration cost of the re-examination is $150.

The purchase of the "The Certified Cannabis Compliance Officer Audit Manual & Guidebook" ($495) may be applied within 30 days to the cost of the actual course.

COMPLIANCE TRAINING DETAILS

According to the NCIA, the median salary for a compliance manager was 83k per year.

WHAT IS ON THE EXAM?

Please click on the above sample presentation.

Bonus!