Required skills

high level communication skills to

determine and confirm internal control requirements by consulting with staff on internal control procedures and using questioning and active listening as required

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

welldeveloped research and analysis skills for accessing and managing complex information

welldeveloped literacy skills for interpreting and analysing complex documentation including relevant legislation and producing accessible guidelines and reports

numeracy skills to accurately analyse record and store data in accordance with organisational requirements

IT skills for accessing and using appropriate software such as spreadsheets and databases and using internet information

learning skills to maintain knowledge of changes to compliance legislation and requirements

problem solving skills to identify any issues that have the potential to impact on the financial controls in the organisation and to develop options to resolve these issues when they arise

organisational skills including the ability to plan and sequence work

Required knowledge

ethical considerations and confidentiality for management and handling of files and records

financial legislation such as

taxable transactions

reporting requirements

methods of work practices and routines

organisational guidelines and procedures

principles of internal control and auditing

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

interpret and comply with corporate governance requirements organisational policies financial delegations and accountabilities

review corporate governance requirements and implement effective operating procedures

monitor policy and relevant financial legislation

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

corporate governance documentation and organisational operational policies and procedures information

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

verbal or written questioning on underpinning knowledge and skills which may include formal examinations

setting and reviewing workplace projects and business simulations

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

Corporate governance requirements may include:

Authoritative and recognised sources may include:

Internal control procedures may include:

Financial delegations and accountabilities may include:

Required reports may include:

Stakeholders may include: