Aim
To analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.
Main capabilities
On successful completion of this paper, candidates should be able to:
A Recognise the legal and regulatory environment and its impact on audit and assurance practice
B Demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework
C Assess and recommend appropriate quality control policies and procedures in practice management and recognise the auditor’s position in relation to the acceptance and retention of professional appointments
D Identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing
E Identify and formulate the work required to meet the objectives of non-audit assignments
F Evaluate findings and the results of work performed and draft suitable reports on assignments
G Understand the current issues and developments relating to the provision of audit- related and assurance services
1 |
International regulatory frameworks for audit and assurance services
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2 |
Money laundering
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3 |
Laws and regulations
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4 |
Code of Ethics for Professional Accountants
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5 |
Fraud and error
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6 |
Professional liability
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7 |
Quality control
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8 |
Advertising, publicity, obtaining professional work and fees
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9 |
Tendering
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10 |
Professional appointments
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11 |
Planning, materiality and assessing the risk of misstatement
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12 |
Evidence
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13 |
Evaluation and review
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14 |
Group audits
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15 |
Audit-related and assurance services
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16 |
Prospective financial information
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17 |
Forensic audits
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18 |
Internal audit
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19 |
Outsourcing
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20 |
The audit of performance information (pre-determined objectives) in the public sector
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21 |
Auditor’s reports
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22 |
Reports to those charged with governance and management
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23 |
Other reports
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24 |
Professional and ethical developments
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25 |
Transnational audits
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26 |
The audit of social, environmental and integrated reporting
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27 |
Other current issues
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