Arsalan Yousuf training file | Student number: 2868404 Jitendra Chartered Accountants DUBAI | 21 Jun 2012 to 21 Jun 2014 Training file summary Current training agreement | Jitendra Chartered Accountants DUBAI | 21 Jun 2012 to 21 Jun 2014 -Authorised Training Employer: Jitendra Chartered Accountants -Agreement duration: 21 June 2012 to 21 June 2014 -Agreement period including CPWE: 24 months 0 days Agreement period excluding CPWE: 24 months 0 days -Minimum Required total PWE: 300 days Practical work experience
Professional development
550 / 300 days achieved
0 / 52 (0%)
Ethics and professional scepticism
Examinations
How you will demonstrate ethical competence by
How you are progressing through the ACA
completion of the Ethics Learning Programme and by
examinations.
practising ethical and professional scepticism in the workplace.
Audit qualification Only applicable to students carrying out work that qualifies as UK audit experience. How you will evidence development in audit skills and accumulated experience, over the period of your training. 0 days achieved
Practical work experience Total
550/300
At primary ATE
100.00% 550 days
On secondment at another ATE
On secondment at unauthorised employer
0.00%
0.00% 0 days
0 days
Practical work experience gained (in days)
Start date
End date
At primary ATE
On secondment at another ATE
On secondment at unauthorised employer
Total
Reviewer
21 Jun 2014
21 Jun 2014
0
0
0
0 day(s)
Venkata Raju
21 Dec 2013
20 Jun 2014
100
0
0
100 day(s)
Venkata Raju
21 Jun 2013
20 Dec 2013
150
0
0
150 day(s)
Venkata Raju
21 Dec 2012
20 Jun 2013
150
0
0
150 day(s)
Venkata Raju
21 Jun 2012
20 Dec 2012
150
0
0
150 day(s)
Venkata Raju
Professional development
Case study progress
Ethical progress
This indicator shows your progress through those
This indicator shows your progress through those
steps in the ladders that require Case Study-level
steps that involve an element of ethical
skills to be demonstrated.
behaviour.
Note: we recommend that the Case Study should
Note: we recommend that this also forms part of
not be attempted until all of these steps have
the evaluation of your progress through Ethics
been satisfactorily completed.
and professional scepticism.
0 / 20
0 / 26
Communication Attribute goal:The ability to communicate effectively at all levels, using oral, written and presentational skills No.
Relates to
How were you able to...
Did you achieve it...
8
Case study
negotiate successfully?
No
7
Case study
use available resources to present information formally to a group?
No
6
Ethics & case study
question the views of more senior members of the organisation?
No
5
-
demonstrate good report-writing skills?
No
4
Ethics
use persuasion to change another's point of view, whilst demonstrating an understanding of their views?
No
3
-
share information and knowledge that helped others succeed?
No
2
Ethics
show an appreciation of both sides of an argument?
No
1
Ethics
appreciate the point at which assistance is required?
No
Team working Attribute goal:The ability to operate successfully as a member or leader of a team No.
Relates to
How were you able to...
Did you achieve it...
7
Ethics & case study
successfully manage a project involving others?
No
6
Case study
use your authority to set and prioritise tasks for others?
No
5
Ethics
demonstrate an understanding of the impact of pressure on others?
No
4
-
allocate resources in order to make a project work?
No
3
Ethics
show that you valued the contribution of other team members?
No
2
Ethics
use a team structure to meet performance objectives?
No
1
Ethics
share your knowledge for the benefit of others?
No
Decision making Attribute goal:The ability to gather and interpret data, in order to make good decisions No.
Relates to
How were you able to...
Did you achieve it...
8
Case study
analyse and use data in order to predict future outcomes?
No
7
Ethics & case study
decide between two or more strategic outcomes?
No
6
Case study
evaluate risk in order to ensure that data was reliable and control was maintained?
No
5
Ethics
stand your ground and maintain your position under pressure?
No
4
-
use software to manipulate data in order to make it more understandable?
No
3
Ethics
show how data can be used to aid decision-making?
No
2
-
demonstrate understanding of the need for data back-up and recovery?
No
1
Ethics
accumulate data to enable others to make decisions?
No
Consideration Attribute goal:The ability to operate effectively and sustainably while respecting the views, rights and values of others No.
Relates to
How were you able to...
Did you achieve it...
8
Ethics & case study
uphold the reputation of the organisation for which you work?
No
7
Ethics & case study
succeed by considering issues rather than personalities?
No
6
Ethics & case study
show that you appreciate the ethos and culture of your profession?
No
5
Ethics
identify an ethical conflict or breach and report it to an appropriate person?
No
4
Ethics
show that you accommodated the views, cultural or personal circumstances of others?
No
3
Ethics
demonstrate an awareness of social or environmental responsibility?
No
2
Ethics
demonstrate the ethical principle of confidentiality?
No
1
Ethics
keep abreast of professional developments?
No
Adding value Attribute goal:The ability to add value to the organisation
No.
Relates to
How were you able to...
Did you achieve it...
7
Ethics & case study
lead by example and be a role model?
No
6
Case study
use creativity to solve a problem or create an opportunity?
No
5
Case study
propose a cost-saving or revenue-generating action?
No
4
Case study
show an understanding of both internal and external customer needs?
No
3
-
demonstrate your commitment to continuous learning?
No
2
-
exceed the expectations of your employer/client?
No
1
Ethics
show independence, commitment and multi-tasking skills?
No
Problem solving Attribute goal:The ability to make recommendations in order to solve problems No.
Relates to
How were you able to...
Did you achieve it...
7
Case study
solve a problem in a way that exceeded the expectations of the organisation?
No
6
Ethics & case study
make well thought-out recommendations that indicated the best solution given the existing constraints?
No
5
Case study
demonstrate prioritisation and avoid procrastination?
No
4
-
use risk/probability analysis to evaluate different options?
No
3
Ethics
analyse a problem and identify all options?
No
2
-
use your practical experience to help others?
No
1
-
express a view that was appreciated by others?
No
Technical competence Attribute goal:The ability to seek, learn and use technical information for the good of the organisation No.
Relates to
How were you able to...
Did you achieve it...
7
Case study
solve a complex technical problem?
No
6
Case study
use technical expertise to offer useful strategic advice?
No
5
-
show proficiency in a range of software applications?
No
4
-
use research tools to create a positive outcome?
No
3
-
relate a practical issue to your examination studies?
No
2
-
improve your effectiveness through the use of IT resources?
No
1
Ethics
demonstrate an awareness of regulatory requirements?
No
Initial Professional Development progress
Classic IPD scheme Stage
Scheme
Submission date
Status
Approval date
Approver
ICAEW IPD Level 3
ICAEW IPD Scheme
20 Jun 2014
Complete
20 Jun 2014
Mr Venkata Raju
ICAEW IPD Level 2
ICAEW IPD Scheme
10 Mar 2014
Complete
10 Mar 2014
Mr Venkata Raju
ICAEW IPD Level 1
ICAEW IPD Scheme
27 Nov 2013
Complete
10 Mar 2014
Mr Venkata Raju
Ethics & Professional Scepticism Ethics assessment Module results Attempt
Date
1
2
3
4
5
6
Overall results
3
20 June 2014
0%
57%
80%
100%
50%
33%
50%
2
10 March 2014
33%
57%
40%
0%
13%
17%
30%
1
10 March 2014
67%
57%
60%
0%
63%
17%
50%
Your six monthly reviews Review date
Summary
Reviewer
20 Jun 2014
My ICAEW training has been completed.
Venkata Raju
Details about your progress In the ethics learning programme 06. Considerations for Professional Accountants in Business: This module will focus on the threats to the fundamental ethical principles for accountants in business, including the following: potential conflicts; preparing and reporting of financial information; acting with sufficient expertise; and financial interests and inducements.
You should record here the modules that you have completed from the Ethics Learning Programme and you should be able to discuss the issues covered, the technical elements learned, and their implications in a practical work context.
In the assessment This is a timed, non-invigilated electronic assessment designed to help the employer to assess ethical competence and to determine whether further training is required. If the assessment has been attempted since the last review, the results should be discussed here.
Not yet attempted.
In professional development I have learned about what are the major conflict in audit and how we may implement safeguard. During the other assignment, i was required to make management report for the client.
You should discuss and record here your progress through those steps in the ladders or through your own internal development programmes if you have PD accreditation that contain an ethical element.If you are using the ladders, that progress is summarised in the professional development section of your training file.
Details about the review Who did your review? Venkata Raju Date of review 20 Jun 2014 Questions and answers I confirm that a real ethical situation was discussed : Yes Review of scenarios I confirm that a discussion was held on a scenario : Yes Summary of your review Summary My ICAEW training has been completed.
20 Dec 2013
You should record here your plans for the next six months in order that you keep on track to complete your ethical training.
Last six month of training remaining, thus i will attempt ethical module exam within next six months.
Venkata Raju
Details about your progress In the ethics learning programme Module 5) CONSIDERATION OF PROFESSIONAL ACCOUNTANTS IN PRACTICE I have learned following points: 1. Before accepting a new client or new work a professional accountant should consider whether acceptance would create any threats to compliance with the fundamental principles. 2. Professional accountants should be aware of the need to exercise caution when asked to give opinions as even an informal comment could lead to legal action. 3. Fees should be calculated on an objective basis, based on factors such as hours worked, level of seniority, and the degree of risk involved in the engagement. 4. Gifts or hospitality which are material to the individual professional accountant should not be accepted. 5. The marketing and advertising of professional services is quite acceptable, but they must comply with ethical guidance. 6. A firm of professional accountants holding clients' assets should be properly accountable for them. 7. Corporate finance professionals should always check whether they need to comply with additional regulations, such as the City Code on Takeovers & Mergers. 8. Insolvency practitioners must comply with relevant insolvency legislation. 9. When considering whether or not to accept tax engagements, professional accountants should consider potential threats to their objectivity and independence. 10. With assurance engagements, being independent and being seen to be independent is of paramount importance. 11. Always consult your line manager, ethics partner, or ICAEW if you are not sure what action to take.
You should record here the modules that you have completed from the Ethics Learning Programme and you should be able to discuss the issues covered, the technical elements learned, and their implications in a practical work context.
In the assessment This is a timed, non-invigilated electronic assessment designed to help the employer to assess ethical competence and to determine whether further training is required. If the assessment has been attempted since the last review, the results should be discussed here.
Not yet attempted.
In professional development Now i have completed 5 modules of Ethics. Now I have been promoted to handle client individually where I am required to face practical ethical issues.
You should discuss and record here your progress through those steps in the ladders or through your own internal development programmes if you have PD accreditation that contain an ethical element.If you are using the ladders, that progress is summarised in the professional development section of your training file.
Details about the review Who did your review? Venkata Raju Date of review 20 Dec 2013 Questions and answers I confirm that a real ethical situation was discussed : Yes Review of scenarios I confirm that a discussion was held on a scenario : Yes Summary of your review Summary Last six month of training remaining, thus i will attempt ethical module exam within next six months.
20 Jun 2013
You should record here your plans for the next six months in order that you keep on track to complete your ethical training.
I will read out the module 4 of the ICAEW ethics.
Venkata Raju
Details about your progress In the ethics learning programme Module 4) Conflict of Interest Following are the major learning: 1. There are two main types of conflict of interest; client v client, and firm v client. 2. As soon as the professional accountant becomes aware of a potential conflict of interest they should disclose it to all relevant parties immediately. 3. It is possible to manage conflicts of interest through safeguards such as information barriers. However if the conflict cannot be managed to an acceptable level then the professional accountant should consider resigning to remove the conflict of interest.
You should record here the modules that you have completed from the Ethics Learning Programme and you should be able to discuss the issues covered, the technical elements learned, and their implications in a practical work context.
In the assessment This is a timed, non-invigilated electronic assessment designed to help the employer to assess ethical competence and to determine whether further training is required. If the assessment has been attempted since the last review, the results should be discussed here.
Not attempted.
In professional development I am not able to understand the major reason and causes for conflict of interest. Further, I am not able to provide safeguards how to overcome the conflict of interest.
You should discuss and record here your progress through those steps in the ladders or through your own internal development programmes if you have PD accreditation that contain an ethical element.If you are using the ladders, that progress is summarised in the professional development section of your training file.
Details about the review Who did your review? Venkata Raju Date of review 20 Jun 2013 Questions and answers I confirm that a real ethical situation was discussed : Yes Review of scenarios I confirm that a discussion was held on a scenario : Yes Summary of your review Summary I will read out the module 4 of the ICAEW ethics.
20 Dec 2012
You should record here your plans for the next six months in order that you keep on track to complete your ethical training.
My plan is to read remaining ethical modules and attempt the ethical exam.
Venkata Raju
Details about your progress In the ethics learning programme Module 1) Introduction to the ICAEW Code of Ethics: Following major learning points: 1. In order to survive and thrive it is vital that the accountancy profession maintains its reputation for the highest professional standards. ICAEW?s Code of Ethics is a key source of guidance to help professional accountants maintain a high standard of efficiency and professional conduct. 2. ICAEW members, students, affiliates, firms, and employees of ICAEW firms must all comply with the ICAEW Code of Ethics. 3. The ICAEW Code of Ethics is a conceptual framework based on principles rather than rules. This approach allows professional accountants to make appropriate judgements in situations which could compromise their obligations to the Code. 4. Non-compliance with the Code can lead to disciplinary action being taken against professional accountants. 5. Apart from the ICAEW Code of Ethics there are several sources of ethical guidance available to professional accountants including the APB Ethical Standards and IESBA Code of Ethics. 6. In a situation where local legislation and regulations conflict with the guidance given in the ICAEW Code of Ethics, laws and regulations always take precedence. Module 2) THE FUNDAMENTAL ETHICAL PRINCIPLES: Following major learning points: 1. Professional competence means that the professional accountant should never undertake to perform work that they are not able to perform competently. 2. Integrity means that the professional accountant should be transparent and honest in everything that they do. 3. Professional behaviour imposes an obligation on professional accountants to act at all times in a way that avoids discrediting the profession. 4. The duty of confidentiality bounds professional accountants to not disclose information about clients to anyone outside of their immediate team. However there are some significant exceptions to this rule. 5. Objectivity is a mind-set which relates to all considerations relevant to the task in hand but no other. Module 3) THREATS AND SAFEGUARDS TO THE FUNDAMENTAL ETHICAL PRINCIPLES: Following major learning points: 1. An advocacy threat is one where the professional accountant?s objectivity is at risk of being compromised due to them being seen to promote a client. 2. Self-interest means that a professional accountant?s own interests will inappropriately influence their judgement or behaviour. 3. A self-review threat can occur when a professional accountant or firm reviews their own work. When this happens there is a risk that the professional accountant may not appropriately evaluate the results of a previous judgement or service performed 4. Intimidation occurs when the professional accountant or firm is put under pressure by a client to act in a favourable manner ie, that is not objective. 5. Familiarity is the threat that a professional accountant will lose their objectivity towards a client because they are too close to that client. 6. A safeguard is any action or practice that helps to mitigate an ethical threat. They exist at a profession and firm-wide level.
You should record here the modules that you have completed from the Ethics Learning Programme and you should be able to discuss the issues covered, the technical elements learned, and their implications in a practical work context.
In the assessment
Assessment was not performed well as score is below 50%, thus reassessment I will conduct it.
This is a timed, non-invigilated electronic assessment designed to help the employer to assess ethical competence and to determine whether further training is required. If the assessment has been attempted since the last review, the results should be discussed here.
In professional development After reading ethical module from 1 to 3, i have good knowledge on ICAEW CODE OF ETHICS, ITS PRINCIPLES and SIGNIFICANT THREATS AND SAFEGUARDS TO THE ETHICAL PRINCIPLES.
You should discuss and record here your progress through those steps in the ladders or through your own internal development programmes if you have PD accreditation that contain an ethical element.If you are using the ladders, that progress is summarised in the professional development section of your training file.
Details about the review Who did your review? Venkata Raju Date of review 20 Dec 2012 Questions and answers I confirm that a real ethical situation was discussed : Yes Review of scenarios I confirm that a discussion was held on a scenario : Yes Summary of your review Summary My plan is to read remaining ethical modules and attempt the ethical exam.
You should record here your plans for the next six months in order that you keep on track to complete your ethical training.
Previous STE progress Stage
Scheme
Submission date
Status
Approval date
Approver
ICAEW STE Stage 2
ICAEW STE Scheme
20 Jun 2014
Complete
20 Jun 2014
Mr Venkata Raju
ICAEW STE Stage 3
ICAEW STE Scheme
20 Jun 2014
Complete
20 Jun 2014
Mr Venkata Raju
ICAEW STE Stage 1
ICAEW STE Scheme
10 Mar 2014
Complete
13 Mar 2014
Mr Venkata Raju
Examinations Examination history Levels completed Professional Stage 28-Feb-2012 Session
Subject
Date
Credit for prior learning
Business Strategy
Credit for prior learning
Variant
Mark
Result
28-Feb-2012
N/A
Exempt
Financial Reporting
28-Feb-2012
N/A
Exempt
Credit for prior learning
Financial Accounting
28-Feb-2012
N/A
Exempt
Credit for prior learning
Audit and Assurance
28-Feb-2012
N/A
Exempt
Credit for prior learning
Taxation
28-Feb-2012
N/A
Exempt
Credit for prior learning
Financial Management
28-Feb-2012
N/A
Exempt
Credit for prior learning
Accounting
28-Feb-2012
N/A
Exempt
Credit for prior learning
Assurance
28-Feb-2012
N/A
Exempt
Credit for prior learning
Business and Finance
28-Feb-2012
N/A
Exempt
Credit for prior learning
Law
28-Feb-2012
N/A
Exempt
Credit for prior learning
Management Information
28-Feb-2012
N/A
Exempt
Credit for prior learning
Principles of Taxation
28-Feb-2012
N/A
Exempt
CPL application history Qualification
Paper applied for
Date
Status
Outcome
Professional Stage
Audit and Assurance
28 Feb 2012
Awarded
Awarded
Professional Stage
Business Strategy
28 Feb 2012
Awarded
Awarded
Professional Stage
Taxation
28 Feb 2012
Awarded
Awarded
Professional Stage
Accounting
19 Sep 2011
Awarded
Awarded
Professional Stage
Assurance
19 Sep 2011
Awarded
Awarded
Professional Stage
Business and Finance
19 Sep 2011
Awarded
Awarded
Professional Stage
Financial Accounting
19 Sep 2011
Awarded
Awarded
Professional Stage
Financial Management
19 Sep 2011
Awarded
Awarded
Professional Stage
Financial Reporting
19 Sep 2011
Awarded
Awarded
Professional Stage
Law
19 Sep 2011
Awarded
Awarded
Professional Stage
Management Information
19 Sep 2011
Awarded
Awarded
Professional Stage
Principles of Taxation
19 Sep 2011
Awarded
Awarded
Education history Subject
Qualification type
Year
Grade
College
Accounting and Finance
Degree
2008
Pass
Pakistani University
Professional Membership
29 Feb 2012
Member
Professional Qualification
31 Dec 2008
Intermediate
Professional Qualification
31 Dec 2010
Intermediate
Professional Qualification
28 Feb 2012
Professional Stage
Exam application history Subject
Date
Status
Audit qualification Total
UK statutory audit work
'Other' audit work
Outside primary ATE
0
0
0
0
The UK Audit Qualification (AQ) is the qualification you are required to hold under the UK Companies Act 2006 should you wish to eventually sign UK audit reports. The AQ alone will not automatically entitle you to sign UK audit reports. For full details on the AQ please see ICAEW.com. If you are gaining audit experience outside of the UK, please check ICAEW.com to see if this experience can be recognised towards ICAEW AQ. Audit work experience gained (in days)
Start date
End date
UK statutory audit work
'Other' audit work
Experience gained outside of primary registered ATE
Total
Approver