CPABC Industry Update Winter 2015 | Page 9

FINANCIAL
REPORTING

MANAGEMENT
ACCOUNTING

• Financial reporting needs
and systems
• Accounting policies and
FINANCIAL
transactions
REPORTING

• Financial report prepara• Financial Reporting Needs
and Systems
tion (Level 1)
• Accounting Policies and
• transactions
Financial state• Financial Report
ment analysis 1)
Preparation (Level
(Level 2)
• Financial State-

AUDIT AND
ASSURANCE AND
AUDIT

ment analysis
(Level 2)

• Management reporting need
and systems
• MANAGEMENT
Planning, budgeting,
ACCOUNTING
forecasting (Level 1)

• Cost/revenue/profitability
dual performance
management
management
• Organizational/individual performance
management

Six
Competency
• Internal audit • Internal audit or external assurance
or external
Areas
requirements (basis risk
(basis and
assurance requirements
assessment)
and risk assessment)audit projects or
• Internal (Level 1)
external audit
• Internal audit projects orengagements
(risk response and
external audit engagements
reporting)
(risk response and
reporting)
TAXATION
FINANCE
• Financial planning and analysis

• Treasury management
FINANCE
(Level 2)
• Capital budgeting/
valuation/corporate
Financial planning and
finance (Level 1)

analysis (Level 2)
• Treasury management
(Level 2)