AA(R)2 Prepares AA(R)2.1 Prepares information for, or responds to requests by, the information external auditors requested by the external auditors AA(R)3 Communicates AA(R)3.1 Communicates effectively with external audit with external stakeholders, for example identifying issues regarding audit 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) Mode through which exposure will Expected levels of competence be gained (i.e. at the end of each year of the Detailed examples of activities to be on-the-job training contract Competency to be performed by trainees to demonstrate experience/ achieved Tasks to be performed Yr1 Yr2 Yr3 Yr4 Yr5 competence in this task simulation) RM(R)1 Identifies and RM(R)1.1 Evaluates strategic, operational, financial, regulatory and evaluates the information system risks, based on an understanding of risks the environment in which the entity/audit engagement pertaining to operates, its strategies and management processes
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
Generic_Training_Plan_2016_Financial_Management.docx