[Audio] Competency and Continuous Professional Development.
[Audio] Competency and Continuous Professional Development What is Competency? What is Continuing Professional Development Continuing Professional Development is the ongoing process of learning and improving as a professional. It includes training, certifications, studying audit learning contents, attending workshops, and staying updated to current company policy and procedures. The auditor is solely responsible for their own professional development Competency means having the right knowledge, skills, and abilities to do audit work effectively. Auditors must understand audit process, business risks, controls, and use audit tools correctly. haikkk.
[Audio] Understanding Competency Competency is the combination of: Knowledge, Skills and Abilities and Individual Attitude of learning This enables auditor to perform their job effectively and responsibly, Adapt changes and professional Growth Knowledge Skills & Abilities Individual Attitude to Learn Competency haikkk.
[Audio] Knowledge is what you know - facts, rules, and information about auditing and microfinance products Example: Knowing how group loans work helps an auditor check if repayments follow the correct process. Analogy: Like having a map before you start a journey Individual Attitude include Positive attitude, professionalism, integrity, and willingness to learn new things Example: Being honest and respectful when talking to clients and branch staff during audits Analogy: Like patiently teaching a child how to tie their shoes, even if they make mistakes Skills and Abilities Skills and abilities are what you can do - using tools and methods to complete audit tasks well Example: Using an audit checklist to spot mistakes in loan documents during a branch visit. Analogy: Like knowing how to drive a car to reach your destination safely haikkk.
[Audio] How to Develop Your Competency Set aside time regularly to read Audit manuals, policies, and office circulars. Make a plan to improve audit skills - attend training, practice using audit tools, and ask for feedback Develop a habit of staying updated on new processes, products, and technology related to audit in advance Apply what you learn during field visits to strengthen your knowledge and skills Ask questions and clarify doubts with supervisors or compliance teams whenever unsure haikkk.
[Audio] Taking Ownership - Your Development Plan Understand your strengths and weaknesses to assess your current skills – SWOT Analysis*** Identify your level of knowledge, skills, or confidence Create clear plans to improve your skills and expertise Adapt to changes and advance your professional career. Build confidence to conduct audits more effectively and accurately haikkk.
[Audio] What is SWOT Analysis? SWOT Analysis is a strategic planning tool used to evaluate an individual’s current position by identifying four key elements S Strengths: W Weaknesses: O T Threats: Things that can affect your work if you’re not careful These are the things you are good at in your job These are the areas where you need to improve Opportunities: These are chances to grow and improve Struggling in excel or English communication gap Knowledge of Product or ability to finish audits on time Not staying updated to policy changes & workload management Training programs, new audit tool training and usage haikkk.
[Audio] Write Down Take a blank sheet of paper to reflect on your professional strengths and areas for improvement. List the skills you excel at and those that need development. For each weakness, note specific actions you will take to improve and support your growth Read it out. Write your strength Areas for improvement For Weakness actions you will take haikkk.
[Audio] All together Helps auditor to achieve competency ; summarize Caontinuue – how to gain knwolegde (Theroy ) Skills – training – Dicipline, behaviour growth and leadership skills How to improves – Audit content, how to build this, allocate time, Habit how to make, How it improves – understanding ur skills , whwer to do stand, SwOt analysis, improve improvement plan Personal goals – identify key - key strenghth and wat u willing to learn – Auditors skills – Personality characteristics, skills, knwoledege, Busniess details, - how to acquired, SWOT analysis. (write in paper) haikkk.
[Audio] Thank you! haikkk. 10. CreditAccess@ Great Grameen Place To Work@ Certified JAN 2023 - JAN 2024 INDIA www.creditaccessgrameen.in.