Premium Essay

Skill Audit

In: Other Topics

Submitted By dannyJJ
Words 2791
Pages 12
SKILLS AUDITS

“A key piece of information an organisation needs to improve is to know what skills and knowledge the organisation requires and what skills and knowledge the organisation currently has’ (www.cognology.biz/sawhatis.htm).

1. Introduction

What is a Skills Audit?

A skills audit is essentially a process for measuring and recording the skills of an individual or group. The main purpose for conducting a skills audit in an organisation is to identify the skills and knowledge that the organisation requires, as well as the skills and knowledge that the organisation currently has.

Skills audits are also usually done to determine training needs so an organisation can improve its skills and knowledge. However skills audits are also completed for other reasons such as restructuring and deployment. A skills audit gathers more information than simply your current qualifications level. It firstly identifies the skills matrices for the organisation and then delves into what the current competencies are of each individual against this predefined set of skills required to fulfill a specific role.

The outcome of the skills audit process is a skills gap analysis. This information will enable the organisation to improve by providing the appropriate training and development to individuals to cater for the identified skill gaps. The skills audit process will also provide information which can be used for purposes such as internal employee selection and to ensure that the correct person is deployed in each position.

2. Benefits of Skills Audits in the Workplace

The key piece of information an organisation needs to improve and to deliver to its Mission Statement and strategy is to know what skills and knowledge the organisation requires and what skills and knowledge the organisation currently has. RTO consultancies (www.rtoconsultant.com) claim...

Similar Documents

Free Essay

Case

...The booklet and contents should not be used for any other purpose. CPA Australia, the publisher and the author of this booklet take no responsibility for any loss incurred by any person who relies on guidance offered in this booklet. Legal notice Copyright CPA Australia Ltd (ABN 64 008 392 452) (“CPA Australia”), 2010. All rights reserved. Save and except for third party content, all content in these materials is owned by or licensed to CPA Australia. All trade marks, service marks and trade names are proprietory to CPA Australia. For permission to reproduce any material, a request in writing is to be made to the Legal Business Unit, CPA Australia Ltd, 385 Bourke Street, Melbourne, Victoria 3000. CPA Australia has used reasonable care and skill in compiling the content of this material. However, CPA Australia and the editors make no warranty as to the accuracy or completeness of any information in these materials. No part of these materials are intended to be advice, whether legal or professional. Further, as laws change frequently, you are advised to undertake your own research or to seek professional advice to keep abreast of any reforms and developments in the law. To the extent permitted by applicable law, CPA Australia, its employees, agents and consultants exclude all liability for any...

Words: 15775 - Pages: 64

Premium Essay

Practical Experience Guide

...requirement How to identify if your role is relevant Where do you fit? What skills areas do you need to demonstrate? Your mentoring relationship How to record your experience in the logbook The skills guide Personal effectiveness skills Leadership skills Business skills Technical skills 3 4 6 7 8 10 11 12 13 14 15 MICHELLE ROACH CPA 2 Practical experience requirement Did you know? Our studies show that members consistently perform better in their segments when they are enrolled in the practical experience requirement The practical experience requirement of the CPA Program gives you the opportunity to use the knowledge and skills gained in your education and apply them in your workplace. Combining your education with mentored practical experience will give you the opportunity to develop and demonstrate highly sought after technical and soft-skills that will benefit your entire career. Starting your practical experience requirement means that you are one step closer to your goal of becoming a CPA. CPA Australia recommends that you start the practical experience requirement and the professional level segments at the same time, if you are employed in a relevant role. What are the requirements? • complete a minimum of three years of relevant full-time or equivalent part-time work experience • demonstrate competence in 16 personal effectiveness, leadership, business and technical sub-skills to a CPA, FCPA or equivalent full member of an International Federation......

Words: 7844 - Pages: 32

Free Essay

Conclusion Report

...Being 6 month in this firm has give me many experiences and I got a lot of valuable knowledge in audit, acount taxation and also secreterial field. Working in audit field make me be more strong in physical and mental. Because in audit field it is completely different with theory that I have been learnt. In reality I need to think out of box. Sometimes, the due date to submit the working paper to my senior also depress me a lot. While in accounting field, not much stress as audit field. However its have their own challanges when i need to key in a lot of transaction in a day and if I make a mistake or an error it might effect the whole account and even effect the audit job. However, all of this experiance really make me more stronger. Besides that, cooperation between staff and me as practical students is good. I have gained valuable experiences and knowledge because I’ve been treat as real worker with no boundaries among us. The staff are very supportive, corporative and helpful. Practical training has gave me chance in developing my confidence in interpersonal skills, my communication skills through directly communicate with the client to ask any doubts of their business and taught me to be an independent person. During practical training, I’ve trained to become more confidence in facing the real environment of workplace. Lot of thanks to all staff at Wan Nadzir & Co and my supervisor Mr. Zulkifli Amim for giving me space to complete my practical training. Finally, thanks...

Words: 268 - Pages: 2

Premium Essay

Personal Development

...Developing Professional Development Plan and CV Chapter 02 Evaluation on Professional Development Plan Chapter 03 Highlighted on Interpersonal and transferable skills Chapter 04 Focus on Learning in a professional context Table of contents Executive summary 01 Table of contents 02 Chapter 01 03-09 1.1 Introduction on Personal and Professional Development 1.2 Self Assessment 1.3 Personal SWOT Analysis 1.4 Skill Audit 1.5 Personal Development Plan 1.6 Curriculum vitae Chapter 02 10 2.1 Evaluation on Personal Development Plan Chapter 03 11-13 3.1 Interpersonal and transferable skills 3.2 Time Management 3.3 Problem solving 3.4 Communication Chapter 04 14 4.1 Learning Bibliography 15 Chapter 01 1.1 Introduction on Personal and Professional Development Understanding skills, attitudes and knowledge is helpful to develop personal and professional career. According to the Guskey and Huberman (1995)Professional development is those processes and activities designed to enhance the professional knowledge, skills and attitudes of individuals in a working environment so that they might, in turn enhance the performance of the overall organization. This is an ongoing, systematic and intentional process. Knowledge, skills and attitudes enhancement will create confidence about themselves towards work on their future plan. And also it creates a better quality of......

Words: 2717 - Pages: 11

Premium Essay

Personal Business Plan

...Background 1 3. Personal Skills, Knowledge and Attitude 2 3.1 My SKA profile 2 3.2 Skill audit 3 3.3 SWOT analysis 3 4. Personal learning style 4 5. Team Engagement 5 6. Personal Actions Plan 6 7. Masters Learning Personal Reflection 8 8. Conclusion 9 REFERENCE 10 APPENDIX 1: PERSONAL SKILL AUDIT 11 APPENDIX 2: LEARNING STYLE QUESTIONAIRE 15 APPENDIX 3: TEAM ROLES PERSONAL INVENTORY: BELBIN 20 1. Introduction Personal development skill plays a significant role in individual’s life. Especially in current society, when studying and working environment become more competitive and tense. Additionally, employees in many big companies now have more power to contribute their ideas for decision making process (Charan, 1999). Therefore, it is very necessary for me to constantly develop my personal skills. As a student, there are many ways for me to enhance these skills such as: classrooms, clubs, student professional organizations, athletic teams, residence halls, the Clarion community, my home community, internship programs, summer jobs… (Humpfreys, 2004). However, just focusing on developing personal skills is not enough. Assessing and reviewing the development of each skill are also significant. In other words, I should have my own personal development plan which will help me to control my progress. The plan will help me review which achievement I have gained, as well as support me to set further goals for making continuous improvement in each skill area. In......

Words: 2871 - Pages: 12

Premium Essay

Alang

...Applying for Accounting, Audit and Tax Curriculum Vitae Fadilah bt Ahmad Zamlus Lot 129, Jalan Selendang, Kg. Charuk Puting, 28000 Temerloh, Pahang (h/p) 0111-5793287 ixora_violet@ymail.com “Seeking employment in accounting, audit, tax and accounting information system that provides a challenging opportunity combining exceptional interpersonal and technical skills” PERSONAL DATA IC No: 870508065710 Age: 25 Date of birth: 08th May 1987 Gender: Female Marital Status: Single Nationality: Malaysian Language proficiency: Bahasa Malaysia & English Health : Excellent Available for employment : August 2012 onwards EDUCATION BACKGROUND 2008 -2012 International Islamic University Malaysia (IIUM) Bachelor of Accounting (BACC) Current CGPA : 3.40 2005-2008 Universiti Teknologi Malaysia (UTMKL) Diploma in Management Technology (Accountancy) (DDW) CGPA: 3.34 2000-2004 Sekolah Menengah Agama Al-Wosto SPM: 7a’s INTERPERSONAL TRAITS, SKILLS & ATTITUDE Strengths Responsible, confident, energetic, able to work under pressure and minimum supervision, work well in team, can be a good leader in any project and good adaptation to new environment and able to communicate with superior and colleagues respectfully and efficiently. Skills - Proficient in using Microsoft Office software (Microsoft Word, Microsoft Power Point, ......

Words: 622 - Pages: 3

Premium Essay

Anne Aylor Case

...How to improve and maintain the independence of external auditors Auditor's responsibility is to give advice based on the company's annual financial statements. A company will work with the auditor's annual report of the decision. So this is an important auditor to provide accurate reports. (Dr Jill, Professor Robin)[online] An independent auditor to give the opinion that is no other factors. It includes human, economic, monetary, and so on. Their view is that there is no limit, and give them the freedom to express their views based on their expertise. Besides, they must be clear and to ensure no errors in the opinion. As they say is a company in important business decisions. Although this is the advice given by person, but as a professional auditor should reduce accidents. Professional auditor must be independent of its work. When problems occur, they must be the cooling time and the time taken to solve the problem, without any confusion. An independent auditor must be a smart, intelligent person. Because they know how to handle and solve their own problems without people help. Code of ethics Code of ethics is formed to help the auditors aware to the areas where ethical pressure may exist and be in dependent all the time. Independent auditors are not only responsible to their client but also the public interest. Therefore, they should follow the code of ethics. (Sagar, Mead, Bampton, 2008) There are some fundamental principles in code of ethics which must followed by......

Words: 1787 - Pages: 8

Premium Essay

Delima Case Stdy

...incorporated as Delima Enterprise Sdn Bhd. Since 2006, the company awarded with several engineering projects and its cumulative revenue for 2004 is RM1 million and RM1.7 million for 2005. The company is family based company and most of them only have secondary school background. They do not familiar with the audit. They also did not familiar with Accounting Standards and the provision of the Companies Act. The company also consists from the non experiences staff of their job. In May 2006, the company had employed Cik Amy graduated from a local university with no job experience. Encik Zayed is a principal shareholder and controlling director. In May 2006, the company had secured a contract worth RM 750,000 to be implemented over duration of six month. Due to shortage funds, Delima Enterprise Sdn Bhd wants to make banking facilities from Malayan Banking Berhad and CIMB Bank Bhd. The bank required company’s Audited Financial Statements for the last two years. From the requirements, Encik Zayed realized that company did not perform any statutory audit before. In July 2006, they engaged with the external Auditor Aziz & Co (Chartered Accountant). The auditor needs to perform statutory audit for the period 2003 to 2006. The auditor expressed their intention to qualify the financial statements. However, Encik Zayed tried to negotiate with the auditor to not qualify the Financial Statements. The auditor was not agreeing with the Encik Zayed negotiation and he planned to terminate......

Words: 3152 - Pages: 13

Premium Essay

Continuous Auditing

...assessments automatically on a more frequent basis. According to Canadian Institute of Chartered Accountants (CICA) and the American Institute of Certified Public Accountants (AICPA), Continuous Auditing is defined as a methodology that enables independent auditors (both internal & external) to provide written assurance on a subject matter using a series of auditors’ reports issued simultaneously with, or a short period of time after, the occurrence of events underlying the subject matter (Searcy and Woodroof, 2003). The Institute of Internal Auditors' (IIA) Global Technology Audit Guide (GTAG 3) defined continuous auditing as any method used by auditors to perform audit-related activities (including control and risk assessments) on a more continuous (occurring without interruption) or continual (occurring at repeated intervals.) basis. Continuous auditing requires specialized skills of audit personnel to monitor information electronically and incorporate the use of intelligent agents, computer modeling, and other software tools. Continuous auditing also gives end users of information more timely assurance that the information is correct and may eventually lead to continuous reporting where financial information is updated and published as events occur. From the above definitions, we can conclude that the...

Words: 1568 - Pages: 7

Premium Essay

Mccg

...------------------------------------------------- MCCG : 2007 Part II. Best Practices in Corporate Governance This entry was posted on May 16, 2012. Bookmark the permalink. Leave a comment The principles are divided into 4 parts as shown below: 1.  Directors 2.  Directors’ Remuneration 3.  Shareholders 4.  Accountability and Audit Below are the guideline set for Directors. 1.  DIRECTORS I     The Board Every listed company should be headed by an effective board which should lead and control the company. II   Board Balance The board should include a balance of executive directors and non-executive directors (including independent non-executives) such that no individual or small group of individuals can dominate the board’s decision making. III Supply of Information The board should be supplied in a timely fashion with information in a form and of a quality appropriate to enable it to discharge its duties. IV Appointments to the Board There should be a formal and transparent procedure for the appointment of new directors to the board. V  Re-election All directors should be required to submit themselves for re-election at regular interval and at least every three years. 2.  DIRECTORS’ REMUNERATION I   The Level and Make-up of Remuneration Levels of remuneration should be sufficient to attract and retain the directors needed to run the company successfully.   The component parts of remuneration should be structured so as to link rewards to corporate......

Words: 1916 - Pages: 8

Premium Essay

Audit

...that recognizes him as a reliable body. With the growing conscious recognition of the importance of financial data in the ordering of everyday business and economic life, the need of basic economic facts is providing a constantly enlarging opportunity for the accounting profession. The auditors' reports have an especial capacity to fulfill the need for reliable and authoritative financial material not only because of the reputation or prestige of the certified statements, but also because of the significance generally attached by the business man to the functions of the auditor and his reports. These functions, and the scope of these reports, have in the past been definitely related to the character of and changes in business activity. Audits and reviews are basically procedures performed on the financial statements of a company, for the purpose of determining whether the financial statements include any material misstatements. Misstatements are essentially wrong numbers due to numerical errors, fraud, or errors in interpreting the accounting...

Words: 6792 - Pages: 28

Premium Essay

Philippine Caats

... Philippine Auditing Practice Statement 1009 COMPUTER-ASSISTED AUDIT TECHNIQUES PAPS 1009 PHILIPPINE AUDITING PRACTICE STATEMENT 1009 COMPUTER-ASSISTED AUDIT TECHNIQUES CONTENTS Paragraphs Introduction Description of Computer Assisted Audit Techniques (CAATs) Considerations in the Use of CAATs Using CAATs Using CAATs in Small Entity IT Environments Effective Date Acknowledgment 1-3 4-6 7-16 17-25 26 27 28-29 The Auditing Standards and Practices Council (ASPC) issues Philippine Auditing Practices Statements (PAPS or Statements) to provide practical assistance to auditors in implementing the Philippine Standards on Auditing (PSAs) or to promote good practice. Statements do not have the authority of PSAs. This Statement does not establish any new basic principles or essential procedures; its purpose is to assist auditors, and the development of good practice, by providing guidance on the application of the PSAs regarding the use of Computer Assisted Audit Techniques as an audit tool. This Statement applies to all uses of CAATs involving a computer of any type or size. The auditor exercises professional judgment to determine the extent to which any of the audit procedures described in this Statement may be appropriate in the light of the requirements of the PSAs and the entity’s particular circumstances. PAPS 1009 Introduction 1. The overall objectives and scope of an audit do not change when an audit is conducted in a computer information technology (IT)......

Words: 3364 - Pages: 14

Free Essay

Accg340 Assigment

...Norman Holdings Limited and its controlled entities (ASX code HVN) and consists of a written report to be completed in groups. Groups of four (4) students are to be formed within your tutorial groups. Only one submission per group is to be made by the due date and time i.e. you should nominate one member to submit. The objective of the group case study component is to develop your communications skills and to test your ability to integrate skills learnt in this unit of study, i.e. to analyse a real company from the auditor’s perspective. The successful completion of this case study requires extensive research on HVN’s internal and external environments, operations, strategies and an analysis of the 2012 annual report (the 2013 annual report is not expected to be available until late September 2013 and as such students are not expected to use it for their assignment). You are expected to demonstrate ability to synthesise relevant background financial and non-financial information and apply analytical skills to this information to critically evaluate potential significant audit risks in relation to HVN. The second component is an individual reflection report. Each student must make an independent (individual) submission electronically by the due date and time. The objective of the individual...

Words: 1568 - Pages: 7

Premium Essay

Hr Audit

...Project Title: HR Audit INDEX SR NO. | TOPIC | PAGE NO. | 1 | Acknowledgement | 3 | 2 | Executive Summary | 4 | 3 | Introduction to HR Audit | 6 | 4 | Qualitative & Quantitative Indicators for HR Audit | 8 | 5 | Types of Audit | 13 | 6 | HR Audit Process | 17 | 7 | Human Resource Management v/s Performance | 21 | 8 | Approaches to Human Resources Audit | 25 | 9 | HR Audit Tools | 30 | 10 | Checklist for HR Audit | 33 | 11 | Audit Report | 35 | 12 | Audit of HR Results | 36 | 13 | HR Audit in India | 37 | 14 | Conclusion | 40 | 15 | Bibliography | 49 | s ACKNOWLEDGEMENT “For any successful work, it owes its thanks to many” Presentation of this project gives us the feeling of fulfillment. It has taken an exhaustive effort in preparing this project. It took several hours, several days, and several meetings amongst us to make this project work up to its expectations. The faculty members of our college have provided us with great source of inspiration and have provided great help in pursuing this project. Many individuals have contributed in preparation of his project. We take this opportunity to thank few people without whom this project would not have been possible. We would like to thank our faculties for their kind support. Our sincere thanks go to our project guide Prof.Anjali Saida, who helped us through many aspects and whose friendly guidance on many issues helped us for the betterment of our project. Without her......

Words: 9781 - Pages: 40

Premium Essay

Cost Audit

...Cost Audit Cost Audit in EDP environment When planning the cost audit, the cost auditor should consider an appropriate combination of manual and computer-assisted audit techniques (CAATs). In determining whether to use CAATs, he should take into account: i) His computer knowledge, expertise and experience. ii) Availability of CAATs and suitable computer facilities. iii) Impracticability iv) Effectiveness and efficiency. v) Timing. In an EDP environment, the control procedures take basically two stages: 1. Manual Procedure – i.e. the clerical work done up to the translation of data into machine-sensible form. This stage, being manual, is subjected to usual internal control conditions and the Cost Auditor will have little difficulty in appraising them by means of ‘compliance test’ and ‘substantive’ test’. 2. Computer Procedures – i.e. the computer processing work. Auditing in this area is actually a complex activity, for which the Cost Auditor as a prudent person should develop himself for adequate EDP knowledge. Before the actually starts to conduct his audit in EDP environment he should envisage to maintain an ‘Audit Control File’, as his valuable kit. The Computer Audit control File may be built up containing full details of the system including: i) Copies of all source documents and the details of the checks that have been done to ensure their accuracy. ii) Details of physical control over source documents and any control tools......

Words: 709 - Pages: 3