195 paragraphs found
Personnel issues relevant to the firm’s policies and procedures related to human resources include, for example: Recruitment. Performance evaluation. Capabilities, including time to perform assignments. Competence. Career development. Promotion. …
Competence can be developed through a variety of methods, including the following: Professional education. Continuing professional development, including training. Work experience. Coaching by more experienced staff, for example, other members of the …
The continuing competence of the firm’s personnel depends to a significant extent on an appropriate level of continuing professional development so that personnel maintain their knowledge and capabilities. Effective policies and procedures emphasise the …
The firm may use a suitably qualified external person, for example, when internal technical and training resources are unavailable. …
Performance evaluation, compensation and promotion procedures give due recognition and reward to the development and maintenance of competence and commitment to ethical principles. Steps a firm may take in developing and maintaining competence and …
The size and circumstances of the firm will influence the structure of the firm’s performance evaluation process. Smaller firms, in particular, may employ less formal methods of evaluating the performance of their …
Policies and procedures may include systems to monitor the workload and availability of engagement partners so as to enable these individuals to have sufficient time to adequately discharge their …
The firm’s assignment of engagement teams and the determination of the level of supervision required, include for example, consideration of the engagement team’s: Understanding of, and practical experience with, engagements of a similar nature and …
The firm promotes consistency in the quality of engagement performance through its policies and procedures. This is often accomplished through written or electronic manuals, software tools or other forms of standardised documentation, and industry or …
Appropriate teamwork and training assist less experienced members of the engagement team to clearly understand the objectives of the assigned …