manage and lead ML(C)4 Leads effective meetings ML(C)5 Respects deadlines, manages time and organises tasks logically ML(C)6 Collaborates with colleagues and/or clients from diverse backgrounds and works effectively as a team member ML(C)7 Resolves conflict or differences and negotiates appropriate solutions PERSONAL ATTRIBUTES Competency to be achieved Tasks to be performed Expected levels of competence at the end of each year of the training contract Detailed examples of activities to be performed by trainees to demonstrate competence in this task Mode through which exposure will be gained (i.e. on-the-job experience/ simulation) Yr1 Yr2 Yr3 Yr4 Yr5 PA(C) Maintains awareness of new developments, exercises initiative and communicates effectively PA(C)1 Identifies and evaluates critical factors in the economic, social, legislative, regulatory and political environment that impact on business and the financial decisions of an entity PA(C)2 Responds and adapts to change PA(C)3 Identifies problems and recommends appropriate solutions PA(C)4 Obtains required information by asking appropriate and probing questions PA(C)5 Communicates effectively in written format PA(C)6 Communicates effectively in verbal format PA(C)7 Takes responsibility for own development
Competency to be achieved Tasks to be performed Expected levels of competence at the end of each year of the training contract Detailed examples of activities to be performed by trainees to demonstrate competence in this task Mode through which exposure will be gained (i.e. on-the-job experience/ simulation) Yr1 Yr2 Yr3 Yr4 Yr5 FM(E)1 Evaluates the entity's financial situation FM(E)1.1 Evaluates the entity’s/business unit’s financial position, for example, using financial analysis, ratio analysis, trend analysis and/or cash flow analysis, etc. FM(E)1.2 Recommends improvements to the performance of the entity/business unit, based on the analysis performed FM(E)2 Monitors cash flow FM(E)2.1 Prepares or evaluates a cash flow forecast for an entity/business unit FM(E)2.2 Identifies when there may be a cash shortfall and recommends possible action plans FM(E)3 Evaluates the entity's working capital FM(E)3.1 Evaluates the entity's/business unit’s current working capital position or components of it, for example, inventory, accounts receivable or payable management, etc. and, where required, recommends improvements FM(E)4 Identifies and evaluates sources of funds FM(E)4.1 Evaluates an entity’s/business unit’s funding needs FM(E)4.2 Evaluates sources of funding to meet the entity’s/business unit’s funding needs FM(E)4.3 Evaluates the need for the use of financial instruments in managing an entity’s/business unit’s funding needs FM(E)5 Evaluates business plans, financial proposals or growth strategies FM(E)5.1 Evaluates a business plan or financial proposal FM(E)5.2 Evaluates the appropriateness and impact of the growth strategies formulated and adopted by the entity
AA(R)2 Prepares information requested by the external auditors AA(R)2.1 Prepares information for, or responds to requests by, the external auditors AA(R)3 Communicates with external audit AA(R)3.1 Communicates effectively with external audit stakeholders, for example identifying issues regarding the audit strategy, describing internal controls and financial systems used, any material issues identified during the course of the audit, etc. RISK MANAGEMENT AND GOVERNANCE (RESIDUAL) Competency to be achieved Tasks to be performed Expected levels of competence at the end of each year of the training contract Detailed examples of activities to be performed by trainees to demonstrate competence in this task Mode through which exposure will be gained (i.e. on-the-job experience/ simulation) Yr1 Yr2 Yr3 Yr4 Yr5 RM(R)1 Identifies and evaluates the risks pertaining to RM(R)1.1 Evaluates strategic, operational, financial, regulatory and information system risks, based on an understanding of the environment in which the entity/audit engagement operates, its strategies and management processes