INITIAL PROFESSIONAL DEVELOPMENT (IPD) GUIDE FOR TRAINEES

INITIAL PROFESSIONAL DEVELOPMENT (IPD) GUIDE FOR TRAINEES Assciatin f Internatinal Accuntants 2017 1

Aspects f the AIA Initial Prfessinal Develpment (IPD) Guide fr Trainees are based n the Handbk f Internatinal Educatin Prnuncements, 2015 Editin f the Internatinal Accunting Educatin Standards Bard, published by the Internatinal Federatin f Accuntants (IFAC) in Octber 2015 and used with permissin f IFAC. Handbk f Internatinal Educatin Prnuncements, 2015 Editin 2015 by the Internatinal Federatin f Accuntants. All rights reserved. Cntact Permissins@ifac.rg fr permissin t reprduce, stre r transmit, r t make ther similar uses f this dcument.

WELCOME Cmpleting AIA s Initial Prfessinal Develpment (IPD) ensures that yu have demnstrated the ability t apply theretical knwledge, prfessinal and practical skills in a wrk envirnment. AIA s IPD Requirements have been established within the framewrk f guidelines issued by the Internatinal Federatin f Accuntants (IFAC) and prvide the fundatin fr the Cntinued Prfessinal Develpment (CPD) prgramme f lifelng learning, essential fr every prfessinal accuntant. N.B. The IPD Requirements utlined in this guide d nt cver the Recgnised Prfessinal Qualificatin (RPQ) fr Statutry Audit, available in the UK/EU. Please refer t the AIA Guide t Becming a Statutry Auditr.

CONTENTS 1.0 HOW TO BECOME A PROFESSIONAL ACCOUNTANT 6 2.0 THE IMPORTANCE OF IPD 7 3.0 IPD REQUIREMENTS 8 3.1 Overview 8 3.2 Where t Obtain IPD 8 3.3 When t Begin IPD 8 3.4 What Can be Cunted as IPD 9 3.5 Prir Wrk Experience 9 3.6 Wh Can Certify Prir Wrk Experience? 9 4.0 PLANNING IPD 10 4.1 Develping a Training Schedule 10 4.2 Develping a Training Plan 11 4.3 Review Meetings 12 5.0 IPD RECORD 13 5.1 IPD Annual Declaratin 14 5.2 Prgressive Levels f Respnsibility 14 6.0 SKILLS AND COMPETENCIES 17 6.1 Technical Cmpetency 17 6.2 Prfessinal Cnduct 20 6.3 Prfessinal Skills 20

7.0 IPD AT A GLANCE 25 7.1 Cmpleting IPD 25 7.2 Supprting Infrmatin IPD Evidence 26 7.3 Review Meetings and Signing Off Yur IPD 28 8.0 APPLY FOR ASSOCIATE MEMBERSHIP 28 8.1 IPD Annual Declaratin 29 9.0 CHECKLIST FOR NEW TRAINEES 30 10.0 FREQUENTLY ASKED QUESTIONS 31 11.0 GLOSSARY 34 12.0 CONTACT US 36

1.0 HOW TO BECOME AN AIA PROFESSIONAL ACCOUNTANT The diagram illustrates the cmbinatin f theretical study (exams) and training (Initial Prfessinal Develpment) which are required t achieve qualified prfessinal accuntant status. STUDY TRAIN REPORT AIA Student Registratin Secure emplyer & supervisr and agree IPD Training Plan Cmplete AIA Exams t becme an AIA Graduate Cmplete 3 years IPD fllwing requirements in IPD Guidelines Submit applicatin fr Assciate Membership with cmpleted IPD Recrd Cntinue t submit IPD Annual Declaratin fr review by AIA Review by AIA Final apprval by AIA Membership Cmmittee ASSOCIATE MEMBERSHIP Assciatin f Internatinal Accuntants 2017 6

2.0 THE IMPORTANCE OF IPD Initial Prfessinal Develpment (IPD) is defined as wrk experience gained by perfrming the wrk f a prfessinal accuntant under qualified supervisin at prgressive levels f respnsibility. The AIA prfessinal accuntancy qualificatin is designed t prduce prfessinal, cmpetent accuntants and IPD requirements play an essential part in this prcess. T qualify as an Internatinal Accuntant yu must demnstrate academic ability and technical knwledge by passing the AIA exams, and demnstrate the applicatin f prfessinal knwledge, prfessinal skills and prfessinal ethics, values and attitudes in the wrkplace. IPD prvides a framewrk in which t develp prfessinal skills and cmpetence in the wrk envirnment by requiring trainees t: Wrk at prgressive levels f respnsibility; Develp an awareness f the wrking envirnment, an understanding f relevant rganisatins and hw business wrks; Apply technical knwledge and relate accunting wrk t ther business functins and activities Develp and apply prfessinal cnduct in practical, real-life situatins; Enhance their Infrmatin Cmmunicatin Technlgy (ICT) cmpetency. 7 Assciatin f Internatinal Accuntants 2017

3.0 IPD REQUIREMENTS 3.1 OVERVIEW Yur IPD shuld demnstrate technical cmpetency tgether with the ability t apply prfessinal skills, values and ethics in the wrkplace. AIA requires a minimum f three years IPD, which must be: relevant carried ut at prgressive levels f respnsibility fully dcumented reviewed and certified by a prfessinally qualified accuntant (an AIA qualified Accuntant, a member f an IFAC member bdy, r a member f a statutrily recgnised prfessinal bdy) 3.2 WHERE TO OBTAIN IPD The diverse nature f accuntancy wrk allws trainees t gain experience in industry, cmmerce, public practice and the public sectr. Yu may btain experience in mre than ne sectr; a variety f experience will benefit yur verall career. The rganisatin can be any size and the type f wrk may vary frm ne emplyer t anther, hwever yur emplyer shuld be able t ffer yu a varied training envirnment and access t guidance and supprt frm a prfessinally qualified accuntant. 3.3 WHEN TO BEGIN IPD IPD may be gained befre, during study fr, r n successful cmpletin f the AIA exams, r a cmbinatin f these, hwever AIA strngly recmmends that IPD is cmpleted alngside yur exams. All rutes must be cncluded within ten years f registratin as an AIA student. Assciatin f Internatinal Accuntants 2017 8

3.4 WHAT CAN BE COUNTED AS IPD AIA accepts perids f six mnths r mre full-time emplyment as IPD. Part-time wrk experience will be assessed n its merits; if yu are pting fr part-time wrk yu shuld cntact AIA fr further guidance. In rder fr experience t cunt as IPD it must be fully dcumented, reviewed and certified by a prfessinally qualified accuntant. 3.5 PRIOR WORK EXPERIENCE AIA will accept up ne year prir wrk experience (wrk undertaken befre registratin as an AIA student) twards IPD. T be eligible fr cnsideratin as part f the three years IPD, prir wrk experience must have been gained in full time emplyment in the accuntancy prfessin, under apprpriate supervisin and must be apprpriately dcumented and certified by a prfessinally qualified accuntant. 3.6 WHO CAN CERTIFY PRIOR WORK EXPERIENCE? Ideally all prir wrk experience shuld already be certified by yur previus emplyer. If this is nt pssible yur current emplyer r supervisr can certify prir wrk experience as lng as they are satisfied with the evidence yu have prvided. There is n time limit n what experience can be cunted twards IPD, hwever yu shuld, alng with yur emplyer, cnsider carefully the apprpriateness and relevance f experience gained mre than five years previusly. 9 Assciatin f Internatinal Accuntants 2017

REMEMBER! Examples f dcuments that culd supprt yur experience include: training recrds frm anther prfessinal bdy curriculum vitae supprted by references appraisal recrds certificates f training curses attended 4.0 PLANNING IPD Yu shuld meet with yur emplyer at the beginning f yur IPD training. Yur emplyer shuld recmmend an apprpriately qualified supervisr t versee and certify IPD in rder t ensure cnsistent and effective assessment f yur perfrmance in the wrkplace. Emplyers and Supervisrs shuld cntact ipd@aiawrldwide.cm fr a cpy f the IPD Guide fr Emplyers and Supervisrs, cntaining mre specific guidance. 4.1 DEVELOPING A TRAINING SCHEDULE When cmmencing yur IPD yu must meet with yur supervisr t discuss and prepare a training schedule. The schedule shuld take int cnsideratin the whle training perid, establishing training gals and an verall training timetable. The schedule shuld als include agreed dates fr six-mnthly review meetings and be used thrughut the IPD perid t plan activities and mnitr yur prgress. AIA may request access t yur recrd as part f the mnitring prcess. Assciatin f Internatinal Accuntants 2017 10

4.2 DEVELOPING A TRAINING PLAN Fllwing establishment f the schedule yu shuld meet with yur supervisr t create and recrd a training plan. The initial plan shuld cver the first six mnths f training leading up t the first review meeting, be apprpriate fr the needs f yur emplyer and prepared in line with AIA s requirements. The three year IPD Training Plan shuld recgnise the need fr the trainee t demnstrate that they have: wrked at prgressive levels f respnsibility; achieved technical cmpetency in financial accunting, financial management, auditing, management accunting, taxatin and tax planning and Infrmatin Cmmunicatin Technlgy (ICT); and, are able t apply prfessinal skills, values and ethics in their wrk. Refer t Sectin 6.0 Skills and Cmpetencies fr further detailed guidance n hw t cver and demnstrate cmpetency in specific areas. Emplyers wh already have a training prgramme in place may use this as the basis f the IPD plan and shuld liaise with AIA if they require any assistance with develping the IPD training plan. Once the plan is agreed prgress shuld be regularly reviewed and future gals identified as part f the six-mnthly frmal review meetings. AIA recmmends that cpies f all training plans shuld frm a part f the trainee IPD prtfli f supprting evidence. AIA may request this evidence during its final IPD review 11 Assciatin f Internatinal Accuntants 2017

4.3 REVIEW MEETINGS Review meetings are an essential part f the IPD training. Yu shuld bring training plans and any ther additinal evidence f training undertaken r curses attended t yur meetings and reflect upn prgress with regards t technical cmpetency and develpment in prfessinal skills, values and ethics. Suggested framewrk fr IPD Review Meetings At each review meeting the supervisr shuld: cnsider and discuss the training undertaken since the last meeting sign ff any cmpleted IPD Wrk Experience Prfiles deliver feedback agree the training gals fr the next six-mnth perid Assciatin f Internatinal Accuntants 2017 12

5.0 IPD RECORD AIA requires that yu keep a cntinuus and detailed recrd f IPD ver the three year training perid. Yu shuld write a summary f the experience yu have gained fr each cmpetency and emplyment psitin the IPD Recrd. A template f the IPD Recrd may be dwnladed frm the AIA website. www.aiawrldwide.cm/ipd The Recrd must be signed ff (certified) as a true and crrect descriptin f yur prgress and cmpetencies by a prfessinally qualified accuntant, usually yur current supervisr r emplyer. At the cmmencement f a new psitin either within the cmpany r with a new emplyer it is essential that yu ntify the AIA and recrd the details f the new psitin in the IPD Recrd. REMEMBER! Befre mving t a new emplyer yu must ensure yur supervisr cnfirms any IPD btained at yur prir wrkplace. Yur IPD Recrd shuld als include full details and dcumented utcmes f any prgress reviews and training curses in which yu have participated, tgether with any supprting evidence such as appraisal certificates r reprts. AIA may ask t review this evidence when assessing IPD. 13 Assciatin f Internatinal Accuntants 2017

REMEMBER! All frms and supprting evidence shuld be cmpleted in English 5.1 IPD ANNUAL DECLARATION All trainees are required t cmplete and submit an IPD Annual Declaratin, in Octber f each year. The declaratin cntains details f yur current emplyment and IPD and allws AIA t mnitr yur prgress and where necessary prvide further guidance and supprt. 5.2 PROGRESSIVE LEVELS OF RESPONSIBILITY Initially yu will wrk under clse supervisin, prgress t wrking independently, and eventually may be respnsible fr supervising the wrk f thers. WORKING UNDER SUPERVISION Early IPD training requires yu t wrk within a supervised envirnment demnstrating the ability t carry ut instructins, take cntrl f specific tasks and perfrm within the perating structure f the rganisatin. Wrking under supervisin, yu shuld: wrk effectively and accrding t instructins make gd use f the infrmatin and cmmunicatin technlgy available t cllect and categrise relevant infrmatin display a degree f practical understanding and knwledge apprpriate fr the psitin yu hld, raise queries and frmulate questins t address any gaps in knwledge Assciatin f Internatinal Accuntants 2017 14

demnstrate an awareness f significant external factrs such as the verall business envirnment, standards, rules and regulatry issues effectively manage yurself and all areas f respnsibility assigned t yu, adhere t established reprting lines and standards at all times utilise wrk experience t cntribute t the imprvement f departmental perfrmance WORKING INDEPENDENTLY Yu shuld prgress t wrking independently with a minimum f supervisin, demnstrating initiative in the applicatin f advanced knwledge and the ability t effectively manage wrklads and make infrmed prfessinal decisins and recmmendatins. Wrking independently, yu shuld demnstrate that yu can: wrk effectively in unfamiliar situatins display an advanced practical understanding and cmprehensive knwledge f all aspects f any task and be able t develp and implement slutins t cmplex prblems apply highly develped interpretive and evaluative skills t the cllectin f infrmatin and the preparatin f internal and external reprts; subsequent recmmendatins shuld incrprate advice n the effect any regulatry issues may have n prpsed bjectives and demnstrate the applicatin f ethical sensitivity and judgement demnstrate an ability t effectively manage budgets, cntribute t budget planning and prduce frecasts and prjectins 15 Assciatin f Internatinal Accuntants 2017

make prfessinal decisins and recmmendatins infrmed by a critical analysis f the relevant issues and the applicatin f prfessinal scepticism and acknwledge the brader implicatins f these decisins effectively manage and supprt junir clleagues t meet perfrmance bjectives This prgressin shuld be reflected in the infrmatin yu include within yur training recrd. Assciatin f Internatinal Accuntants 2017 16

6.0 SKILLS AND COMPETENCIES 6.1 TECHNICAL COMPETENCY IPD shuld illustrate the gaining f experience and technical cmpetency in the main subject areas f financial accunting, financial management, auditing, management accunting, taxatin and tax planning and Infrmatin Cmmunicatin Technlgy (ICT). The fllwing sectin prvides sme examples f hw cmpetency in varius technical areas may be demnstrated. Financial Accunting Preparatin frm incmplete recrds f a full set f financial statements fr an entity, fr example an unincrprated/incrprated entity Full bk-keeping service fr an entity Cash flw frecast fr an entity Financial Management Financial cntrl and decisin making Shrt term financial planning Lng term financial planning Investment decisins 17 Assciatin f Internatinal Accuntants 2017

Auditing Audit strategy and evaluatin f risk Audit prcess; systems cmpliance Reprting and cmmunicatin Management Accunting Business planning Operatin and develpment f management accunting systems Decisin management; management perfrmance Taxatin And Tax Planning Taxatin liability; taxatin planning and mitigatin Presentatin Current legislatin Assciatin f Internatinal Accuntants 2017 18

Infrmatin Cmmunicatin Technlgy (ICT) Installing a fully integrated ff-the-shelf accunting system nt a client s cmputer and prviding initial guidance n its peratin and use Installing a new in-huse self-assessment tax return system and training clleagues n the use f the system Advising clients n cntrl aspects f cmputerised wages systems Use f spread sheet techniques when carrying ut day-t-day tasks 19 Assciatin f Internatinal Accuntants 2017

6.2 PROFESSIONAL CONDUCT It is essential that prfessinal accuntants adhere t the highest standards f prfessinal cnduct when carrying ut their day-t-day duties and when develping prfessinal relatinships. Accuntants shuld act with prfessinal cmpetence and due care t ensure that the services they prvide are in accrdance with accepted best practice and the manner in which they deal with clients and ther prfessinal service prviders is beynd reprach. Internatinal Accuntants and trainees shuld als act in line with the AIA Cde f Ethics. www.aiawrldwide.cm/ethics Thrughut their IPD training, trainees shuld demnstrate hw they have develped their prficiencies in these aspects whilst adhering t high standards f prfessinal cnduct at all times. The specific aspects f prfessinal cnduct where cmpetence shuld be demnstrated are itemised in the fllwing sectin. Uphlding f prfessinal ethics, values and standards Onging, strict cmpliance with all applicable cdes f prfessinal cnduct and prfessinal standards Maintaining and demnstrating prfessinal bjectivity; prviding advice and guidance Cmmitment t persnal prfessinal develpment and prfessinal knwledge Cmpletin f CPD activities, with evidence f self-reflectin and self-appraisal f prfessinal develpment Attendance at regular appraisal meetings and evidence f fllw up actin taken in Assciatin f Internatinal Accuntants 2017 20

accrdance with advice and guidance received Displaying prfessinal cmpetence and due care in carrying ut tasks Apply intellectual skills in making prfessinal judgement decisins when carrying ut wrk and cmpleting cmplex wrk tasks t agreed deadline dates and t exemplary standards Develping and maintaining effective, ethical prfessinal relatinships, bth written and external t the firm Prviding supprt t peer clleagues and junir staff Wrking effectively as a senir persn and develping gd business relatinships with custmers and ther prfessinal cntacts Onging awareness f prfessinal develpments Reading prfessinal accuntancy jurnals, relevant literature and articles Attending in-huse r external technical update sessins Preparing technical updates r presentatins fr clleagues r ther prfessinal accuntants Publicatin f an apprpriate technical article in a recgnised accuntancy, auditing r taxatin jurnal 21 Assciatin f Internatinal Accuntants 2017

6.3 PROFESSIONAL SKILLS IPD is mre than simply gaining experience in technical cmpetencies and prfessinal cnduct and shuld illustrate the prfessinal skills yu can demnstrate fllwing yur training. Whilst yu require technical skills t undertake accunting rles, the expanded business rle f many f tday s accuntants means that yu will require a range f prfessinal skills in additin. The specific prfessinal skills where cmpetence shuld be demnstrated are itemised in the fllwing table. Intellectual skills Evaluate infrmatin frm a variety f surces and perspectives thrugh research, analysis and integratin Apply prfessinal judgement, including identificatin and evaluatin f alternatives, t reach well-reasned cnclusins based n all relevant facts and circumstances Identify when it is apprpriate t cnsult with specialists t slve prblems and reach cnclusins Apply reasning, critical analysis and innvative thinking t slve prblems Interpersnal and cmmunicatin skills Display cperatin and teamwrk when wrking twards rganisatinal gals Cmmunicate clearly and cncisely when presenting, discussing and reprting in frmal and infrmal situatins, bth in writing and rally Demnstrate awareness f cultural and language differences in all cmmunicatin Apply active listening and effective interviewing techniques Assciatin f Internatinal Accuntants 2017 22

Apply negtiatin skills t reach slutins and agreements Apply cnsultative skills t minimise r reslve cnflict, slve prblems, and maximise pprtunities Present ideas and influence thers t prvide supprt and cmmitment Persnal skills Demnstrate a cmmitment t lifelng learning Apply prfessinal scepticism thrugh questining and critically assessing all infrmatin Set high persnal standards f delivery and mnitr persnal perfrmance, thrugh feedback frm thers and thrugh reflectin Manage time and resurces t achieve prfessinal cmmitments Anticipate challenges and plan ptential slutins Apply an pen mind t new pprtunities Organisatinal skills Undertaken assignments in accrdance with established practices t meet prescribed deadlines Review wn wrk and that f thers t determine whether it cmplies with the rganisatin s quality standards Apply peple management skills t mtivate and develp thers Apply delegatin skills t deliver assignments Apply leadership skills t influence thers t wrk twards rganisatinal gals Apply apprpriate tls and technlgy t increase efficiency and effectiveness and imprve decisin making 23 Assciatin f Internatinal Accuntants 2017

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7.0 IPD AT A GLANCE 7.1 COMPLETING IPD Trainee prfessinal accuntants are respnsible fr managing their wn career develpment. Yu shuld begin wrking twards cmpleting the exams and IPD as sn as yur registratin prcess is cmplete. Trainees are strngly advised t fllw the advice prvided in this guide and the steps listed here in rder t successfully cmplete their IPD. SECURE APPROPRIATE EMPLOYMENT Yu shuld be in full-time emplyment within the accuntancy prfessin with an emplyer wh is supprtive f training and able t ffer a varied training envirnment. Trainees are respnsible fr prviding emplyers with a cpy f this guide and t ascertain emplyer willingness and ability t prvide training. APPOINT A QUALIFIED SUPERVISOR IPD must be carried ut under the bservatin f a supervisr wh is appinted by yur emplyer. Yur supervisr shuld be a prfessinally qualified accuntant willing t cmmit t regular meetings thrughut the IPD perid and be prepared t assess and certify IPD. AIA may cntact a supervisr fr further infrmatin if necessary during the IPD prcess. DEVELOP AN IPD TRAINING SCHEDULE & PLAN Fr IPD t be effective it is essential that yu wrk tgether with yur emplyer, supervisr and AIA thrughut the training perid. Yu shuld arrange an initial meeting with yur supervisr t agree a training schedule and plan. Assciatin f Internatinal Accuntants 2017 25

The schedule shuld encmpass the whle training perid and include gals, a training timetable and agreed dates fr review meetings, preferably at six mnthly intervals. Previusly established training prgrammes can be adapted t accmmdate AIA IPD Requirements as lng as the needs f yur emplyer cntinue t be met. The training plan cvers the first six mnths f training leading up t the first review meeting after this the plan is reviewed and develped fr the next six mnths. Please cntact AIA fr further guidance if required. IPD RECORDS Yu must submit an AIA IPD Recrd fr each year f yur training. They shuld recrd details accurately and in a timely manner. Entries shuld be made in English and shuld include the date f the wrk carried ut and the type f task invlved. Entries shuld cver all aspects f IPD. Yu shuld agree the type f evidence t be recrded with yur supervisr. 7.2 SUPPORTING INFORMATION IPD EVIDENCE Yu shuld always be aware that trainees are required t keep a prtfli (cllectin) f supprting evidence which AIA may request as part f the final IPD review. This evidence must be kept until the applicatin prcess fr Assciate Membership has been cmpleted. Assciatin f Internatinal Accuntants 2017 26

REMEMBER! The fllwing can be used fr yur IPD prtfli f supprting evidence: IPD schedule and training plans Written statements reflecting n develpment in Prfessinal Cnduct IPD diary Timesheets Internal appraisals Jb specificatins Reprts written by yu in yur emplyment psitin Summary f prjects undertaken Certificates f attendance at internal and external training curses 27 Assciatin f Internatinal Accuntants 2017

7.3 REVIEW MEETINGS AND SIGNING OFF YOUR IPD Yu shuld take yur training plan and any ther additinal evidence f training undertaken r curses attended t each review meeting. It is imprtant that trainees reflect upn their prgress with regard t the cmpetencies and requirements set ut in this guide: technical develpment, prfessinal cnduct and develpment in prfessinal skills, values and ethics. During each review meeting the supervisr shuld prvide yu with feedback n yur IPD prgress, agree training gals fr the next six mnth perid and certify any cmpleted IPD Wrk Experience Prfiles. REMEMBER! It is yur respnsibility t ensure that meaningful reviews take place with yur supervisr and AIA recmmends that these take place at least every six mnths. If yur rganisatin carries ut regular perfrmance reviews these culd be cmbined with yur IPD reviews. 8.0 APPLY FOR ASSOCIATE MEMBERSHIP Trainees are eligible t apply fr Assciate membership when the fllwing criteria have been met: successful cmpletin f AIA exams minimum three years practical wrk experience current emplyment in the accuntancy prfessin Assciatin f Internatinal Accuntants 2017 28

8.1 IPD ANNUAL DECLARATION Graduates wh have passed the AIA exams but have nt btained the required wrk experience shuld cmplete and submit an IPD Annual Declaratin frm annually until the requisite three years experience is accrued. AIA cntacts graduates each year t request submissin f the declaratin. REMEMBER! T apply fr Assciate membership yu will need t: cmplete and return an Applicatin fr Assciate Membership Frm (www.aiawrldwide.cm/assciate-membership) submit yur cmpleted, signed, IPD Recrd and apprpriate evidence relating t yur wrk experience submit the applicatin fee 29 Assciatin f Internatinal Accuntants 2017

9.0 CHECKLIST FOR NEW TRAINEES Fllw this checklist t ensure yu cmplete all requirements fr yur Initial Prfessinal Develpment Read all the infrmatin available in this guide and the AIA website relating t IPD; email ipd@aiawrldwide.cm with any queries. Arrange fr a suitably qualified persn t act as yur supervisr thrughut yur training. Submit yur cmpleted IPD Registratin fr Training Offices frm t AIA. Meet with yur supervisr t agree yur training plan fr the first six mnth perid. Draw up a list f the type f evidence fr yur prtfli suitable fr yur emplyment circumstances. Arrange six-mnthly reviews with yur supervisr. Keep cpies f any dcuments relating t yur training in yur prtfli f supprting evidence until yur applicatin fr Assciate membership has been apprved by AIA. Cmplete yur IPD Recrd thrughut yur training using a different prfile fr each year, making sure that they are certified by the apprpriate supervisr. When yu have successfully cmpleted the AIA exams and yur three years IPD, apply fr full AIA Assciate membership, submitting yur cmpleted IPD Recrds with the applicatin. Assciatin f Internatinal Accuntants 2017 30

10.0 FREQUENTLY ASKED QUESTIONS IPD GUIDE I have just registered as an AIA student but am nt wrking at the mment, what shuld I d? AIA strngly recmmends that IPD is cmpleted alngside the exams r shrtly after their cmpletin. If yu are nt in emplyment when yu apply fr student registratin yu shuld pursue emplyment in an apprpriate field and infrm AIA as sn as yu secure full-time emplyment within the accuntancy prfessin. Can I use wrk experience gained befre I registered as an AIA student? AIA will accept up t ne year prir wrk experience (wrk undertaken befre registratin as an AIA student) twards yur IPD. T be eligible fr cnsideratin as part f yur three years IPD, prir wrk experience must have been gained in full time emplyment in the accuntancy prfessin under apprpriate supervisin and must be apprpriately dcumented and certified by a prfessinally qualified accuntant. Hw many hurs d I need t wrk fr my emplyment t be cunted as full-time? Full-time wrk is defined as mre than 35 hurs per week. Will AIA cunt any part-time wrk as IPD? Apprpriate and supervised part-time wrk may be cnsidered n a prrata basis. Please cntact AIA if yu are in a part-time psitin fr further guidance. Will AIA cnsider cntract wrk as part f my IPD? Cntract wrk may be acceptable if it is agreed by yur supervisr t be equivalent t that f ther emplyees and is relevant within the AIA IPD Requirements. 31 Assciatin f Internatinal Accuntants 2017

D I have t gain my IPD in a particular sectr r emplyment psitin? IPD may be acquired in any business sectr (e.g. industry, cmmerce r public practice) r in mre than ne sectr. I wrk in a specialist area; can I use this experience twards gaining my three years IPD? IPD may be acquired in a specialist area (e.g. crprate finance, internal audit) prvided it is relevant and apprpriately supervised. Will AIA accept lecturing as part f my IPD? AIA will accept lecturing prvided it is at the equivalent level f the AIA Fundatin level exams and abve (i.e. cmparable t the first year f a UK degree). A maximum f 12 mnths lecturing experience will cunt twards the qualifying perid. I am self-emplyed; will my wrk cunt twards my IPD? AIA will nly recgnise apprpriately supervised accunting experience as cntributing t yur IPD, hwever, sme supervised sub-cntract wrk may be acceptable. Please cntact AIA directly fr further advice. I have just left my current jb after fur mnths; can I still cunt this as part f my IPD? In rder t ensure that trainees receive the best pssible start t their career, AIA will nly accept IPD perids f six mnths r mre as qualifying twards IPD. Shrter perids will be eligible fr cnsideratin if prmtin is received within the same cmpany leading t a psitin in a different sectin, r if a mve is made t a different emplyment address f the same firm. Please cntact AIA fr advice specific t yur situatin. Hw much detail d I need t recrd? Yur recrd shuld be clear and cncise and shuld prvide adequate detail t demnstrate ability and prgressive levels f respnsibility in technical cmpetency and prfessinal skills, values and ethics. Yu shuld ensure that yu adequately meet the requirements set ut in this guide and shw a brad range f skills and experiences. Assciatin f Internatinal Accuntants 2017 32

Can I cmplete my IPD recrd retrspectively? It is pssible t cmplete yur recrd retrspectively althugh AIA advises that the recrd is cmpleted as yu prgress. This allws fr regular review by yu and yur supervisr and ensures that yur wrk experience is prgressing in line with yur IPD training plan. Wh can be a supervisr? Yur supervisr shuld be a prfessinally qualified accuntant. Where pssible they shuld be yur direct supervisr within yur rganisatin. Can my emplyer als be my supervisr? Yes, yur emplyer can als be yur supervisr prvided that they meet the requirements f being a prfessinally qualified accuntant and that they are able t allcate apprpriate time t meet the requirements f bth supervisr and emplyer. What if my emplyer is nt apprpriate r my supervisr is nt apprpriately qualified? AIA will cntact yu and ffer guidance as t hw best t prceed. I am the mst senir member f accunting staff, wh can I ask t sign my IPD Recrd? Yur IPD Recrd shuld then be signed by the auditrs r accuntants f yur rganisatin. 33 Assciatin f Internatinal Accuntants 2017

11.0 GLOSSARY TERM DEFINITION Supervisr An emplyee f the rganisatin prviding IPD training. This persn will be a prfessinally qualified accuntant and ideally able t directly supervise the trainee. IPD Annual declaratin A frm that must be cmpeted and submitted t AIA in Octber f each year. All AIA students and graduates are required t submit IPD Annual Declaratins. IPD requirements Criteria that must be satisfied in rder fr the trainee s IPD t be verified and apprved. Prfessinally qualified accuntant An Internatinal Accuntant (AAIA/FAIA), a member f an IFAC member bdy r a member f a statutrily recgnised prfessinal bdy. IPD Recrd A signed recrd f the trainee s IPD which is submitted t AIA n cmpletin f the training perid. A separate IPD Recrd shuld be used fr each emplyer and emplyment psitin. The Recrd shuld be cmpleted in English. Assciatin f Internatinal Accuntants 2017 34

IPD training schedule Dcumented training prcess created at the beginning f the IPD perid and used as a framewrk by trainees and supervisrs t plan trainees wrk and ensure adequate cverage f all aspects f training. AIA may ask t review this dcument at any time during the IPD training perid. IPD training plan A plan cvering a six mnth perid f training leading up t the review meeting. The plan shuld be realistic and must be prepared in line with the IPD requirements tgether with the needs f the emplyer. AIA may ask t review this dcument at any time during the IPD training perid. Prtfli f supprting evidence A cllectin f supprting evidence relating t training undertaken. All IPD dcuments (training schedule, training plan, IPD Recrd and IPD Wrk Experience Prfiles) tgether with details r certificates relating t any additinal training r curses shuld be included in the prtfli. AIA may ask t review the prtfli when reviewing IPD. IPD evidence A persnal recrd f IPD achievement kept by each trainee. The evidence shuld be updated regularly (i.e. daily r weekly) and brught t review meetings as supprting evidence f experience attained. The evidence must be cmpleted in English. AIA may ask t review the prtfli when reviewing IPD. 35 Assciatin f Internatinal Accuntants 2017

12.0 CONTACT US Assciatin f Internatinal Accuntants Staithes 3 The Watermark Metr Riverside Newcastle upn Tyne NE11 9SN United Kingdm IPD HELPDESK: t: +44 (0)191 493 0283 e: ipd@aiawrldwide.cm w: www.aiawrldwide.cm/ipd Assciatin f Internatinal Accuntants 2017 36

NOTES 37 Assciatin f Internatinal Accuntants 2017

Assciatin f Internatinal Accuntants 2017 38