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