Preparing for an Export Control Audit

This training program will offer a complete set of best practices for preparing for an export control audit. The course will also discuss performing your own proactive review of policies, procedures, transactions, and record keeping and managing the audit process and keeping management informed.

Why Should You Attend:

As the party primarily responsible for adherence to all laws and regulations with respect to exported or deemed exported products, software and/or technologies, the exporter should have a robust internal control program surrounding all its import activities. However, the government does not rely solely on the exporter to be wholly compliant, and, as part of its obligations to protect national interests, has various checking measures of its own.

If you are a U S Exporter of such controlled items, it is more likely than not that, at some point, one or more interested government agencies will conduct a review of your export operations and transactional compliance. This is a serious matter and should be handled with no less care and dedication than a tax/IRS audit, with appropriate resources and guidance. An unprepared exporter can and most likely will suffer far greater penalties, up to and including loss of export privileges, and potential imprisonment of key personnel if not properly prepared. This webinar will highlight the areas of concern to help you prepare for such a review.

Learning Objectives:

Understand the historical background,

• Identify best strategies for forming and preparing an audit team including dos and don’ts
• Performing your own proactive review of policies, procedures, transactions, and record keeping
• Identifying the role of voluntary self-disclosure and value of attorney client privilege
• Learn about managing the audit process and keeping management informed, including financial reserves

Areas Covered in the Webinar:

• History of US export control law
• Understanding the policy objectives
• Roles and responsibilities of government agencies versus the exporter
• Best practices for all areas of export/export control management
• The role of people, processes, and technology
• Serving many masters: Defending the company to the government and keeping upper management satisfied
• What to say and what not to say (or do)
• Being directed by counsel to invoke privilege and mitigate risks
• Understanding the essential aspects of your export compliance management program
• Export laws and regulations
• Roles and responsibilities including upper management support
• Cross-functional tangents
• Jurisdiction and classification (ECCN or USML)
• Destination controls
• Export license management
• Deemed exports
• Forwarder management
• Record keeping

Who Will Benefit:

• Export Compliance
• Logistics
• Supply Chain
• Legal
• Finance
• Sales
• Internal Audit
• Operations
• Engineering
• Risk Management