Assessment

Who can provide assessment?

Accredited training providers may assess and report credits to NZQA on the results of their assessments for all unit standards in Standard Sets A, D and E in accordance with their scope of accreditation.

ETITO can assess all unit standards in Standard Sets A, B, C, D and E.

Why don’t training providers use the same assessment methods?

Accredited training providers can design training and assessment solutions to fit their own approach, and to be appropriate to their chosen market, provided the assessment system is fair, valid, and reliable.

Assessment methods may include but are not limited to:

• Hard copy written assignment
• Closed book exam
• Open book exam
• Online multi-choice/multi select test
• Online exam/assignment
• Authenticated workplace evidence
• Observation of activity
• Assessment interview / professional discussion.

Every accredited training provider who is currently delivering training and reporting credits in the Financial Services Subfield has had its chosen mix of assessment methodologies reviewed and approved by ETITO.

How do providers get approved to assess?

Before an accredited training provider can assess trainees and report credits to NZQA they must provide sufficient evidence of effectively designed assessment materials that cover the subjects in question to ETITO for pre-assessment moderation.

The pre-assessment moderation process is conducted by one of ETITO’s contracted National External Moderators [NEMs]. Their task is to examine the proposed assessment system and materials in depth. The NEM specifically tests that the proposed assessment covers all required elements of the unit standards and that the assessment systems are fair, valid, reliable and at the proper level of difficulty to match the unit standards in question.

All accredited training providers for the National Certificate in Financial Services [Financial Advice] [Level 5] are using assessment systems and resources that have passed ETITO pre-assessment moderation.

What information do I need to supply for my workplace assessment?

Some examples of the types of documents you will be required to supply for each client are: signed disclosure statements/ fact find / needs analysis written recommendations / statements of advice / financial plans and other documents based on how you document your application of the advice process appropriately. Additional information regarding ther workplace assessment can be acquired upon registration. Click here to register.

Will the information I provide for my assessment be secure?

The principals of the Privacy Act 1993 apply, and the security and privacy of client information is assured. This is covered in the candidate handbook, which can be acquired upon registration.Click here to register.

What is a DAO and what are the advantages of using a DAO for assessment?

The DAO model allows firms to integrate assessment of workplace evidence activity into their business-as-usual activities for employees and / or nominated agents. The DAO model is likely to facilitate access to assessment for workplace evidence at a lower cost than ETITO is able to provide. Click here to find out more about DAOs

After successfully completing the ETITO assessment requirements, what happens?

ETITO will forward the candidates results to NZQA for registering on the framework, and on to the Financial Markets Authority. Financial advisers will need to contact the Financial Markets Authority to ensure they complete the other steps required for authorisation.

Why can I only see one unit standard on my record of learning when I believe I have completed all the unit standards contained in that standard set?

First double check if the number of unit standards on your record of learning is different from that in the standard set. The list of unit standards is here. If there is a difference contact your training provider to see why the credits are not showing up on your record of learning.

Why can’t I see the standard set on my record of learning from NZQA?

NZQA records all achievement in the form of qualifications and unit standards. A standard set is a group of unit standards [or unit standard], within the National Certificate in Financial Services [Financial Advice] [Level 5] grouped by topic.

When referring to your record of learning from NZQA you need to look for all the unit standard numbers and titles that are contained in a particular standard set.