Prepare the accountability statement and accountability map for an accountable person
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Draw the responsibilities out of the position description, delegations and organisational chart into the regulator's statement template and, under the lawyer's direction, help draft the statement text and the map, listing any prescribed key function not yet allocated.
- What the lawyer must review
- The lawyer confirms who is an accountable person, tests that the statement captures that person's actual responsibilities without gaps or overlaps, confirms every key function is allocated to a named person, and confirms the map reflects the real reporting lines before the person signs.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Draw the responsibilities out of the position description, delegations and organisational chart into the regulator's statement template and, under the lawyer's direction, help draft the statement text and the map, listing any prescribed key function not yet allocated. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- The lawyer confirms who is an accountable person, tests that the statement captures that person's actual responsibilities without gaps or overlaps, confirms every key function is allocated to a named person, and confirms the map reflects the real reporting lines before the person signs.
- Check the output against the source documents named in it before it is relied on.
Sources
- https://www.apra.gov.au/financial-accountability-regime/apra-connect-far-reporting-forms-instruction-guides/financial · 2026-09-27
- https://www.asic.gov.au/regulatory-resources/financial-services/financial-accountability-regime · 2026-09-27
- https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-279-financial-accountability-regime-information-for-accountable-entities · 2026-09-27
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.