EXPERIENCE VERIFICATION FORM for waiver of undergraduate degree requirement

Transcription

1 APPLICANT S NAME: EXPERIENCE VERIFICATION FORM f waiver of undergraduate degree requirement The CPA Western School of Business (CPAWSB) requires the infmation requested by this fm in der to assess the applicant s accounting practical experience. The applicant is responsible to fward this fm, along with Experience Verification Infmation, to the employer(s) from which verification of experience is being sought. Please ensure a separate fm is used f each employer. Please print clearly in BLOCK LETTERS. Section 1 To be completed by APPLICANT Name in full First name Middle Name(s) Last name Previous name(s) (if applicable) SECTIONS 2 through 8 must be confirmed by Employer The individual confirming this fm should be the applicant s direct supervis who has adequate first-hand knowledge of the applicant s skills, tasks and competencies displayed while employed. If the person to whom the applicant directly repted was directly accountable is no longer available to provide the verification, such verification may be made by a person who is currently an appropriately seni manager, executive, officer, partner direct of the place of employment, a person who is in a management, executive oversight role with the professional services practice, AND has personal knowledge of the applicant s having held the position(s) repted on this fm and the applicant s having held the responsibilities carried out perfmed the functions indicated f such position(s), has access to the applicable recds documentation of the place of employment practice and has verified following review inspection of such recds that the applicant held the position(s) repted on this fm and carried out the responsibilities perfmed the functions repted on this fm. In der to accurately assess competencies, the individual completing this fm should hold a professional accounting designation. If the individual does not hold a professional accounting designation, they should be at a knowledgeable level to assess experience against the CPA competencies. Section 2 Employer Details Employer Name Postal address City Postal/Zip Province/State Country 1 P a g e U p d a t e d : O c t o b e r 1 6,

2 APPLICANT S NAME: Section 3 Third Party providing verification on behalf of the Employer Name in full First name Middle Name(s) Last name Phone Fax Designation held Membership no. Country of Designation (e.g. CPA) Relationship to Applicant Direct Supervis Other (please describe) Position/Title held with this employer Section 4 Nature of Business Public accounting Make selection(s) that best describe the nature of practice conducted by this firm Assurance engagements Taxation Compilation Internal Audit Business Advisy System Management Business valuation Mergers/Acquisitions Fensic/Litigation suppt Actuarial Services Insolvency SOX services Non-public accounting Make selection(s) that best describe the nature of practice conducted by this employer Financial Services Manufacturing Natural Resources Retail Technology Real Estate/Construction Other (please describe) Please provide examples of the maj clients, customers recipients of the products services Section 5 Cpate Structure and Size Size of business practice Total number of staff Number of partners/owners Total annual revenue Cpate structure Make selection(s) that best describe the cpate structure F profit cpation Not-f-profit cpation Public sect Partnership Proprietship Other (please describe) Publicly listed Publicly traded Privately owned/not listed Other infmation description of place of cpate structure practice 2 P a g e U p d a t e d : O c t o b e r 1 6,

3 APPLICANT S NAME: Section 6 Applicant s Employment Details Employment Employment Full-time Commenced: Ended: (mm/dd/yy) (mm/dd/yy) Part-time % of week Extended leave of absence (in excess of 4 weeks per annum): Total wking days absent: Please indicate the title of each position held by the applicant and the level seniity of the position within the overall management governance structure. F example, indicate if the applicant was a seni accountant, intermediate accountant, controller analyst. Title /Position Held 2. Title /Position Held Seniity Seniity Held position From To Held position From To Use additional paper as required Section 7 Applicant s Technical Competencies F this section, it is very imptant that you refer to the accompanying Experience Verification Infmation. This accompanying document contains descriptions and examples of the key wk-place competencies f the six practice areas (noted below). The infmation will assist you in understanding the kind of evidence that would indicate in each area. s of f qualifying practical experience are identified at three levels. It would not generally be expected that an applicant would obtain level 2 in all areas of practice a variety of is nmal Experience that is at an administrative clerical level. Experience that is at the professional level but lower than that expected of a newly certified CPA. This can include experience with tasks that are routine in nature, of a low level of complexity, and/ are executed with little autonomy. Little difficulty is associated with a small number of straightfward and frequently encountered issues; may achieve competency relying on a routine approach. Wks under supervision. The experience level expected of a newly certified CPA. This can include experiences with tasks that are nonroutine in nature and a combination of low-to-moderate complexity with high level autonomy high level of complexity with low autonomy. Medium to considerable difficulty is associated with a number of variables and circumstances that must be considered simultaneously; circumstances may be less clear and often requires approaches that are not practiced frequently. Wks independently. 2 P a g e U p d a t e d : O c t o b e r 1 6,

4 Please reflect on the Applicant s employment experience with your ganization and indicate a level obtained in each of the following: Sub- Statements and illustrative examples f LEVEL 2 Statements and illustrative examples f LEVEL 1 Statements f LEVEL 0 Financial Repting Financial Repting Needs and Systems Analyze/identify financial repting infmation required by various stakeholders, including regulaty requirements (can include specialized financial repting requirements); plus (a) Evaluate/review the appropriateness of the basis of financial repting; (b) Evaluate/review repting processes to suppt reliable financial repting Explain the financial repting infmation required by various stakeholders, including regulaty requirements (can include specialized financial repting requirements); plus Analyze/identify the appropriateness of the basis of financial repting; (a) Analyze the accuracy and reliability of financial infmation (b) Analyze the accuracy and reliability of financial infmation Use the accounting system to process transactions and/ generate repts. Verify mathematical accuracy of financial infmation (sub-totals, totals). Perfm simple reconciliations. 2. Accounting Policies and Transactions Evaluate/review appropriate accounting policies and procedures; Evaluate/review treatment f routine and non-routine transactions; Analyze/research treatment f complex events/transactions. Analyze/research the appropriate accounting policies and procedures ( explains the basis in which they were selected and applied to an ganization); Analyze/research treatment f routine transactions. Recd accounting entries f routine transactions. Roll-fward provisions from pri years. 3. Financial Rept Preparation Analyze/prepare financial statements, including note disclosures. Explain financial statements, including note disclosures Verify mathematical accuracy of the financial statements and note disclosures. 4. Financial Statement Analyses Analyze/prepare management communication (e.g., MD&A), Analyze/prepare financial repting results f stakeholders (internal external), Analyze/prepare/predict the impact of strategic, and operational decision on financial results (external internal). Explain the management communication (e.g., MD&A), Explain financial repting results f stakeholders (external internal), Explain the impact of strategic and operational decision on financial results (external internal). Calculate ratios and/ % changes in account balances. 3 P a g e U p d a t e d : O c t o b e r 1 6,

5 Sub- Statements and illustrative examples f LEVEL 2 Statements and illustrative examples f LEVEL 1 Statements f LEVEL 0 Audit & Assurance 1 Internal control Evaluate/review the entity s risk assessment processes; Evaluate/review the infmation system, including related processes. Analyze/prepare the entity s risk assessment processes; Analyze the infmation system, including related processes. Execute procedures that relates to existing internal controls. Analyze an entity s assurance needs explain the implications of pending changes in assurance standards, plus Explain an entity s assurance needs explain the implications of pending changes in assurance standards, plus Assemble infmation about the business (external), department (internal). 2. Internal audit external assurance requirements, basis and risk assessment Basis: Analyze which set of criteria to apply to the subject matter being evaluated, analyze which standards/guidelines to apply based on the nature and expectations of the assurance engagement/project, plus Risk assessment: Evaluate issues related to the undertaking of the engagement project, aluate materiality f the assurance engagement/project, Evaluate the risks of the project (f audit engagements, evaluate the risks of material misstatement at the financial statement level and at the assertion level f classes of transactions, account balances, and disclosures). Basis: Explain which set of criteria to apply to the subject matter being evaluated, explain which standards/guidelines to apply based on the nature and expectations of the assurance engagement/project, plus Risk assessment: Explain issues related to the undertaking of the engagement project, explain/ calculate materiality f the assurance engagement/project, explain the risks of the project (f audit engagements, explain the risks of material misstatement at the financial statement level and at the assertion level f classes of transactions, account balances, and disclosures). 3. Internal audit projects external assurance engagements Wk plan: Evaluate/develop/ review appropriate procedures based on the identified risk of material misstatement, analyze/perfm the wk plan, evaluate the evidence and results of analysis, documents the wk perfmed and its results, plus Draw conclusions, communicate results, and contribute to a rept f stakeholders. Wk plan: Analyze/perfm the wk plan on less complex/riskier areas, evaluate the evidence and results of analysis, documents the wk perfmed and its results, plus Draw conclusion, communicate results, and contribute to a rept f stakeholders. Compile planning documentation. Codinate third party confirmations; identify outstanding items. 4 P a g e U p d a t e d : O c t o b e r 1 6,

6 Sub- Statements and illustrative examples f LEVEL 2 Statements and illustrative examples f LEVEL 1 Statements f LEVEL 0 Finance Financial analysis & planning Evaluate/review the entity s financial state, Evaluate/review financial proposals and financing plans Analyze the entity s financial state, Analyze/prepare financial proposals and financing plans Perfm calculations to suppt analysis (ratios and/ % changes in account balances). 2. Treasury management Analyze the entity s cash flow and wking capital, plus Evaluate/review the entity s investment ptfolio, Evaluate/review sources of financing and decisions affecting capital structure, Evaluate/review the entity s cost of capital, Evaluate/review decisions related to distribution of profits Explain/calculate the entity s cash flow and wking capital, plus Analyze/research the entity s investment ptfolio (less complex), Analyze/research sources of financing and decisions affecting capital structure, Analyze/research the entity s cost of capital, Analyze/research decisions related to distribution of profits Recd investment/fx transactions based on confirmations; update market values from third- party sources, if applicable. Reconcile differences between recds and third-party statements. 3. Capital budgeting Valuation Cpate finance Analyze/prepare financial models business plans as part of in addition to: Evaluate/review capital budgeting processes and decisions, Evaluate/review the value of a tangible asset analyze/estimate the value of an intangible asset, Analyze/estimate the value of a business, Evaluate/review financial risk management policies, Analyze the use of derivatives as a fm of financial risk management, Analyze/prepare infmation to aid in the capital budgeting processes and related decisions, Analyze/estimate the value of a tangible asset, Explain/calculate value of a business, Explain financial risk management policies, Explain the use of derivatives as a fm of financial risk management, Analyze the purchase, expansion sale of a business, Analyze possible solutions to aid a financially troubled entity. Codinate the capital budgeting process. Calculate market value of publiclytraded security. Calculate/collect multiples f market-based valuations. Evaluate/review the purchase, expansion sale of a business, Evaluate/advise a financially troubled entity. 5 P a g e U p d a t e d : O c t o b e r 1 6,

7 Sub- Statements and illustrative examples f LEVEL 2 Statements and illustrative examples f LEVEL 1 Statements f LEVEL 0 Taxation Income tax legislation and research Analyze/research treatment f transactions/events, plus Draw conclusion and communicate results. Explain the relevant section of the Income Tax Act, tax conventions and/ treaties, as it relates to specific transactions/events. Use Income Tax Act to assemble rates, filing deadlines and requirements. 2. Tax compliance: cpate personal Analyze the general tax issues (can include assessments, notice of objection and appeals), plus Analyze/prepare a tax return Explain the general tax issues (can include assessments, notice of objections and appeals), plus Explain tax return analyze/prepare infmation to suppt the preparation of the tax return Assemble infmation f tax return and explains required infmation. Use tax software to process tax returns. Prepare schedule of due dates. 3. Tax planning: cpate personal Analyze/estimate tax consequences specific taxplanning opptunities f: (a) shareholders and/ their cpations, (b) complex cpate transactions, (c) individuals (excluding estateplanning), Analyze/estimate the tax consequences of other cpate and partnership restructuring transactions, Analyze/prepare estate-planning opptunities f individuals. Explain/calculate the tax consequences specific tax planning opptunities f: (a) shareholders and/ their cpations, (b) individuals (excluding estate planning), Explain/calculate the tax consequences of other cpate and partnership restructuring transactions, Explain/calculate the tax Estate planning opptunities f individuals. Use infmation prepared internally/externally to explain changes arising from Federal Provincial budgets. Use tax software to calculate profma taxes payable under various tax planning opptunities. Sub- Statements and illustrative examples f LEVEL 2 Statements and illustrative examples f LEVEL 1 Statements f LEVEL 0 Strategy & Governance Governance Mission, vision, values & mandate Analyze/prepare the entity s governance policies, processes, and/ code, and analyze/prepare infmation and analysis to ensure entity remains compliant with regulaty/compliance requirements, Evaluates whether management decisions align with the entity s mission, vision and values. Explain describes the entity s governance policies, processes, and/ code, and prepares infmation to aid in the analysis to ensure entity remains compliant with regulaty/compliance requirements, Analyze management decisions to the entity s mission, vision and values. Describe the entity s governance policies, processes, and/ code. 6 P a g e U p d a t e d : O c t o b e r 1 6,

8 2. Strategy development /implementat ion Analyze the entity s strategic objectives and evaluate related perfmance measures, Evaluate the entity s internal and external environment and analyze its impact on strategy development; analyze strategic alternatives, Analyze the key operational issues and analyzes alignment with strategy. Explain the entity s strategic objectives and analyze related perfmance measures, Analyze the entity s internal and external environment and explain its impact on strategy development; explain strategic alternatives, Explain the key operational issues and explains the alignment with strategy Explain the entity s strategic objectives. Collect infmation on the entity s internal and external environment. 3. Enterprise risk management Evaluate/review components of an effective risk management program and evaluate its impact on shareholder value. Analyze/research components of a risk management program and analyze its impact on shareholder value Recd risk responses. Sub- Statements and illustrative examples f LEVEL 2 Statements and illustrative examples f LEVEL 1 Statements f LEVEL 0 Management Accounting Analyze management infmation requirements, plus Explain management infmation requirements, plus Use existing infmation systems to generate management repts. Management repting needs and systems Evaluate/review the types of infmation systems used and the role they play in an ganization evaluate/recommend improvements to existing repting systems to meet infmation needs, plus Analyze/research ethical and privacy issues related to infmation technology. Analyze the types of infmation systems used and the role they play in an ganization analyze potential improvements to existing repting systems to meet infmation needs, plus Explain ethical and privacy issues related to infmation technology. Recognize ethical and privacy issues related to infmation technology. 2. Planning, budgeting and fecasting Evaluate/review infmation inputs (including assumptions) f operational plans, budgets and fecasts, plus Analyze/prepare operational plans, budgets, and fecasts, plus Analyze implications of variances Analyze/prepare infmation inputs f operational plans, budgets and fecasts, plus Explain/calculate operational plans, budgets, and fecasts, plus Explain/calculate variances Verify mathematical accuracy of plans, budgets and/ fecasts. 7 P a g e U p d a t e d : O c t o b e r 1 6,

9 3. Cost / revenue / profitability management Cost management: Explain/apply appropriate cost classifications and costing methods f management of ongoing operations, and explain/apply cost management techniques appropriate f specific decisions, and evaluate/ recommend either: (a) change identified by applying process improvement methodologies (b) cost management improvements across the entity; Revenue management: evaluate/ review sources and drivers of revenue growth; Profitability management: analyze/prepare sensitivity analysis, evaluate/review sustainable profit maximization and capacity management perfmance. Cost management: Explain/apply the appropriate cost classifications and costing methods f management of ongoing operations, explain/apply cost management techniques appropriate f specific decisions, and analyze potential changes identified by applying process improvement methodologies; Revenue management: analyze/ prepare infmation to understand the sources/drivers of revenue growth; Profitability management: explain/calculate the sensitivity analysis, and analyze alternatives f sustainable profit maximization/capacity perfmance. Collect infmation to assist with cost, revenue profitability management. Evaluate/review root causes of perfmance issues through one of: Analyze possible root causes of perfmance issues, through one of: Calculate/prepare perfmance scecard/kpi based on infmation supplied by units. 4. Organizational / individual perfmance measurement Analyze/research the implications of management incentive schemes and employee compensation methods, Evaluate/review perfmance using accepted framewks KPIs, Evaluate/review perfmance of responsibility centers Explain the implications of management incentive schemes and employee compensation methods, Analyze perfmance using accepted framewks KPIs; Analyze perfmance of responsibility centers. 8 P a g e U p d a t e d : O c t o b e r 1 6,

10 Section 8 Third Party Declaration The third-party verifier must be a person to whom the applicant directly repted was otherwise directly accountable in the applicant s carrying out of his her responsibilities in the perfmance of his her job functions described on this experience verification fm. If the person to whom the applicant directly repted was directly accountable is no longer available to provide the verification, such verification may be made by a person who is currently an appropriately seni manager, executive, officer, partner direct of the place of employment, a person who is in a management, executive oversight role with the professional services practice, AND has personal knowledge of the applicant s having held the position(s) repted on this fm and the applicant s having held the responsibilities carried out perfmed the functions indicated f such position(s), has access to the applicable recds documentation of the place of employment practice and has verified following review inspection of such recds that the applicant held the position(s) repted on this fm and carried out the responsibilities perfmed the functions repted on this fm. Print Name Signature Date (mm/dd/yy) Title of position held: Section 9 Next Steps Submit the completed Experience Verification (EV) fm to: CPA Western School of Business Student & Suppt Services transcriptassessment@cpawsb.ca 301, Street SW Phone Edmonton, AB T6X 1E9 Canada Website 2. The EV fm must be submitted directly back to the CPAWSB office by the individual who completed the fm to be considered official. The EV fm cannot be submitted by the applicant. The document may be mailed to the above address submitted electronically by to transcriptassessment@cpawsb.ca. 9 P a g e U p d a t e d : O c t o b e r 1 6,