Arsalan Yousuf training file | Student number: 2868404

Training file summary

Current training agreement | Jitendra Chartered Accountants DUBAI | 21 Jun 2012 to 21 Jun 2014


Practical work experience

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
550 / 300 days achieved
Professional development
0 / 52 (0%)
Ethics and professional scepticism
How you will demonstrate ethical competence by
completion of the Ethics Learning Programme and by
practising ethical and professional scepticism in the
workplace.
Examinations
How you are progressing through the ACA
examinations.
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
Total At primary ATE On secondment at another ATE On secondment at unauthorised employer
550/300 100.00%
550 days
0.00%
0 days
0.00%
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

Professional development

Communication


Team working

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
Case study progress
This indicator shows your progress through those
steps in the ladders that require Case Study-level
skills to be demonstrated.
Note: we recommend that the Case Study should
not be attempted until all of these steps have
been satisfactorily completed.
0 / 20
Ethical progress
This indicator shows your progress through those
steps that involve an element of ethical
behaviour.
Note: we recommend that this also forms part of
the evaluation of your progress through Ethics
and professional scepticism.
0 / 26
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
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

Decision making


Consideration


Adding value
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
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
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
Attribute goal:The ability to add value to the organisation

Problem solving


Technical competence

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
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
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

Ethics & Professional Scepticism

Ethics assessment


Your six monthly reviews

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
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%
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
Not yet attempted.
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
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.
You should record here your plans for the next six months in order
that you keep on track to complete your ethical training.
20 Dec 2013
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
Not yet attempted.
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
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.
You should record here your plans for the next six months in order
that you keep on track to complete your ethical training.
20 Jun 2013 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
Not attempted.
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
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.
You should record here your plans for the next six months in order
that you keep on track to complete your ethical training.
20 Dec 2012
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 re-
assessment 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


Examinations

Examination history


CPL application history

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
Levels completed
Professional Stage 28-Feb-2012
Session Subject Date Variant Mark Result
Credit for prior learning Business Strategy 28-Feb-2012 N/A Exempt
Credit for prior learning 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
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

Education history


Exam application history


Audit qualification

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
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
Subject Date Status
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