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Assess
First; Train Second
With the
AICPA Competency Assessment Tool (CAT) you can assess
the skills of your staff, identify where they are today, where they
should be tomorrow and how to help them get there.
AICPA Competency Assessment Tool
The challenge for any financial professional is to recognize when
new competencies need to be learned — as well as make sure that
core competencies continue to meet the needs of the marketplace.
With
this online tool, training directors can measure how well their
organization’s overall skills and proficiency levels compare
against the highest and most valued in their specific area. CAT
identifies where growth is needed, and what new skills will increase
an employee’s value.
CAT quickly
helps you gain knowledge, by:
- Providing
a complete list of competencies relevant to a specific area
- Evaluating
proficiency levels in those competencies
- Highlighting
specific areas where development is needed
- Recommending
strategies for education and growth
CAT
was developed by CPA’s and other professionals in the
accounting and finance industry. Its competency lists, or specific
models are tailored according to several specific areas with new
models added continually. Currently available are:
- Audit
- Business
and Industry/New Finance
- Employee
Benefit Plan Audit
- Forensic
and Valuation Services
- Fraud Prevention,
Detection & Investigation
- Government
- Information Technology (IT)
- Personal
Financial Planning
- PrimePlus/ElderCare
- Taxation
No
matter which model is selected, assessment of strengths and areas
for development is based on four key areas, including
-
Broad Business Perspective
This
is the body of knowledge that encompasses an understanding of
an organization, its industry and management practices and their
applicability to the organization.
-
Functional Specialty
Refers
to the technical skills that CPAs possess and which form the basis
for their understanding of the organization from their unique
perspectives.
- Leadership
Qualities
These
are the skills that enable the CPA to assume a position of influence
by assembling and leveraging resources to address problems and
maximize opportunities throughout the organization.
- Personal
Attributes.
Pertains
to the characteristics that enable the professional to relate
and communicate effectively with a variety of personality types,
attracting others to well-reasoned and logical points of view.
Feedback in those
and other areas will help determine what actions are needed to achieve
specific goals. Insights gained can be especially helpful which is
why CAT should be administered annually.
Find out more about these and other AICPA Learning opportunities.
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