Required skills

high level communication skills to

determine and confirm corporate governance parameters and 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 corporate governance legislation and producing management systems and evaluation reports

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

IT skills for accessing and using integrated financial systems spreadsheets and databases and using internet information

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

problem solving skills to identify any issues that have the potential to impact on the governance of 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

current financial legislation

taxable transactions

reporting requirements

detailed current knowledge of formats required for submission of statutory returns

ethical considerations for compliance

forms and functions of employee records

principles of internal control including statutory requirements

principles of valuation and common methods of depreciation

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

access and accurately interpret statutory and regulatory authority regulations and requirements

apply professional accounting standards and meet organisational policies and procedures

research corporate governance reporting trends

determine processes for corporate governance adherence

examine and review corporate governance standards and practices

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

access to an integrated financial software system and data

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

setting and reviewing workplace projects and business simulations or scenarios

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

Professional accounting standards may include:

Statutory and other regulatory authorities may include:

Obligations may include:

Internal control procedures may include:

Policies may include:

Information technology systems may include:

Management processes may include:

Performance indicators may include:

Key result areas may include: