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Old Mutual CA(SA)
Old Mutual believes that in order to become a competent Chartered Accountant a trainee needs go through extensive training. As this is imperative for Old Mutual, trainees are assigned to qualified and experienced mentors and supervisors.
During your training you need to develop certain competencies through your practical experience. Competencies are important because Chartered Accountants do not just acquire knowledge but are able to apply their knowledge in practical settings. You will develop two different kinds of competencies through your work experience – technical competencies and professional competencies. The technical competencies are essentially the skills Chartered Accountants need to do their jobs well and include the following six areas:
Accounting and External Reporting
Risk management and Governance
Management Decision making and Control
Auditing and Assurance
The professional competencies are the soft skills that lay the foundation for a Chartered Accountants continued professional success and include:
Management and Leadership
Personal Attributes; and
With Old Mutual CA training program, you will always be under the overall supervision of a Training Officer who is a qualified CA, who will provide guidance, mentorship, and support throughout your three-year training program. However, it is your responsibility to drive your career and ensure that you utilise every opportunity to learn.
You will also be trained in “soft skills” to assist you in becoming an effective business leader. To this end you will be required to complete various leadership development courses provided by the Old Mutual Business School and SAICA.
These courses will focus on your individual development to equip you with skills such as teamwork and leadership from both organisational and global perspectives.
You will have a personalised Development Plan to monitor your personal development. This will ensure that article years spent at Old Mutual is used effectively, giving you breadth and diversity of experience at progressive levels of responsibility.
During the articles period you will write two SAICA board exams.
Initial Test of Competence - ITC (previously known as Qualifying Examination Part I): written in January of the first year of articles. This exam tests your theoretical knowledge of the broad accounting course studies at CTA level.
Assessment of Professional Competence – APC (previously known as Qualifying Examination Part II): This exam is written after you have passed the first examination & completed 18 months of articles and will focus on your area of practical specialisation.
For both these exams you will receive academic support.
Successful completion of the three-year articles period and both board exams will ensure that you qualify for registration with SAICA as a CA(SA).
You get 16 days study leave for both examinations.
The Old Mutual Mentorship Programme is designed to assist you in developing your career objectives, goals, ideas, values and functions by providing insight into the experiences of a Chartered Accountant who is familiar with Old Mutual.
Old Mutual recognises that the mentorship of trainees is crucial in ensuring the successful implementation of the CA Training Programme.
Mentors will ideally be qualified CA(SA)’s who has business experience or a senior employee with extensive experience of the business. Each mentor will have one trainee that he/she is responsible for. Each trainee will be allocated a mentor in the beginning of articles
On-the-job supervisors and the Programme co-ordinator complete evaluation on the trainees and based on this as well as the evidence of work presented by the trainee; an external assessment service provider performs assessments every 4 months for each trainee.
The objective of these assessments is to ensure that trainees are meeting their training requirements i.e. fulfilling the prescribed SAICA competencies and achieving the core training hours required.