CA Practical Experience Requirements

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Appendix 1 : The CA Profession’s Pervasive Qualities and Skills and Specific CompetenciesII-Personal AttributesII-1 Self-managesII-2 Demonstrates leadership and initiativeII-3 Maintains and demonstrates competence and recognizes limitsII-4 Strives to add value in an innovative mannerII-5 Manages changeII-6 Treats others in a professional mannerIII-Professional SkillsIII-1 Obtains informationIII-2 Examines and interprets information and ideas criticallyIII-3 Solves problems and makes decisionsIII-4 Communicates effectively and efficientlyIII-5 Manages and supervisesIII-6 Understands how IT impacts a CA’s daily functions and routinesIII-7 Considers basic legal conceptsSpecific competenciesIn addition to the Pervasive Qualities and Skills and Specific Workplace Skills, a CAStudent is also required to develop and demonstrate competencies expected of anentry-level Chartered Accountant. The specific competencies listed here are basedon the Specific Competencies of The UFE Candidates’ Competency Map adapted asappropriate for the workplace.The Specific Competencies(based on The UFE Candidates’ Competency Map,and adapted for the workplace environment)1. Performance Measurement and Reporting Competencies• Analyzes financial reporting needs and establishes the necessary systems (internal,external financial and non-financial)• Develops (or evaluates) reporting processes to support the financial reporting infrastructure• Develops reliable information• Develops/evaluates accounting policies• Accounts for the entity’s transactions, including non-routine transactions• Prepares or reviews financial statements and accompanying notes• Explains financial statement results and balances to stakeholders• Maintains awareness of emerging financial reporting topics32
2. Assurance Competencies• Analyzes, evaluates and advises on assurance needs (external or internal)• Considers issues related to accepting an assignment• Evaluates the implications of key risks for the assignment• Evaluates internal control (IT or other)• Designs a work plan and assurance procedures• Executes and evaluates the results of the work plan (IT or other)• Draws conclusions and drafts a report• Participates in a meeting with stakeholders3. Taxation Competencies• Prepares or reviews the entity’s taxation provisions and related financial reporting• Identifies and advises on compliance and filing requirements• Prepares and files personal or corporate tax returns• Identifies personal or corporate tax planning opportunities• Prepares information to file personal tax returns, respond to assessments, file objectionsor appeals• Prepares information to file corporate tax returns, respond to assessments, fileobjections or appeals4. Governance, Strategy and Risk Management Competencies• Evaluates leadership processes of the board or other governing body• Identifies and evaluates the audit committee’s role in governance• Understands the entity’s strategic plan or planning processes and the mission, visionand strategies set out• Identifies and evaluates opportunities or risks within an entity• Identifies the factors that impact the entity’s financial strategies• Evaluates the entity’s performance measurement strategy• Helps evaluate an entity’s plans for risk management• Helps develop or manage courses of action to manage risks• Helps ensure the timely but safe access to informationCA Practical Experience Requirements 2009 33
Page 1 and 2: CA Practical ExperienceRequirements
Page 3 and 4: CA Practical ExperienceRequirements
Page 5 and 6: ContentsCA Qualification and the Pr
Page 7 and 8: CA Qualification and the Practice o
Page 9 and 10: 1 The CA Qualification Process1.1 O
Page 11 and 12: 1.3 The objectives of practical exp
Page 13 and 14: 2 The CA Training Office2.1 Overvie
Page 15 and 16: 2.4.2 Qualities of the working envi
Page 17 and 18: 3 Qualifying Practical Experience3.
Page 19 and 20: 3.4 The level of proficiency expect
Page 21 and 22: CA Students seeking to practise Pub
Page 23: 3.10 Practical experience on second
Page 26 and 27: Supervision Requirements4.2.4 Train
Page 28 and 29: Supervision Requirements• Conduct
Page 30 and 31: Supervision Requirements4.9 Limits
Page 32 and 33: Reporting to the Profession5.2.1 CA
Page 34 and 35: Reporting to the Profession5.5 Samp
Page 37: Appendix 1The information in this a
Page 41 and 42: Appendix 2Record of CA Qualifying E
Page 43 and 44: Assurance Competencies Level 0 Leve
Page 45 and 46: B. Pervasive Qualities and SkillsTh
Page 47: The Canadian Institute of Chartered

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