Roles and responsibilities
Practical experience is gained in the workplace where candidates draw on their knowledge, skills, values and ethics to face real-life situations. To do this successfully, they need the guidance of an experienced Chartered Accountant.
As their mentor you will:
- Share your knowledge and experience
- Help your candidate to identify and plan to meet the gaps in their knowledge
- Meet with your candidate face-to-face at least quarterly to plan and focus on demonstrating how their daily work meets the areas of competency
- Submit a Mentor’s Final Report confirming that your candidate has developed technical and non-technical competence to the levels required.
- Provide the candidate with a interim mentors report should your relationship end before the candidate has developed the technical and non-technical competence to the required levels.
Candidates are required to work with a mentor for the entire period they are completing the Practical Experience component of the Chartered Accountants Program, to be eligible to apply for membership.
The amount of time you allocate to your mentoring role is dependent on the level of involvement you have agreed to with your candidate. It is recommended that you meet with your candidate face-to-face at least quarterly to plan and focus on demonstrating how their work meets the areas of technical and non-technical competency. Candidates will need to have updated their Candidate Practical Experience Logbook, and you will be asked to sign off on competencies achieved to date.
If you are unable to continue mentoring your candidate for any reason, you should provide them with as much notice as possible to support them with finding a replacement, for example, continue as their mentor until the end of their current Program module and provide them with an interim mentors report acknowledging the competencies achieved to date.
At the end of the Practical Experience component when your candidate is eligible for membership, you are required to submit a Mentor’s Final Report. It is recommended that you keep your meeting records until you are advised that your candidate has been admitted into membership.
If you and your candidate work in a large organisation, or you are mentoring your candidate from outside their organisation, your candidate will also require the support of a line manager. The line manager will provide day-to-day exposure to relevant activities and tasks needed to develop required competence, whereas your role is to provide high-level workplace support and guidance to your candidate.
For further information on the roles and responsibilities of candidates, line managers and mentors, refer to the Mentor Practical Experience Guidelines.
Article last updated 4 April 2016