Aim
To ensure candidates can apply judgement and
techniques in the provision of a range of audit
and assurance services.
Objectives
On
completion of this paper candidates should be
able to:
-
demonstrate their ability to work within
a professional and ethical framework
-
understand current developments in auditing
and the provision of audit related services
-
explain and evaluate the auditors’ position
in relation to the acceptance of appointments
and quality control
-
identify and describe the work required
to meet the objectives of a range of audit
and non-audit assignments
-
evaluate the results of work performed and
prepare reports to reflect these and
-
demonstrate the skills expected in Part
3
Content
Professional and ethical considerations objectivity,
confidentiality, conflicts of interest, changes
in professional appointments, provision of other
services, specialist valuations, corporate financial
advice, professional liability, regulatory environment.
Practice
management quality control practices and
procedures, advertising and publicity, fees,
tendering, engagement letters, consultation.
Assignments
group audits, audit related services, out-sourced
finance and accounting functions, prospective
financial information, systems reviews, e-commerce
reviews, social and environmental audits.
Reporting
audit reports, reports for non-audit assignments,
comparative information, other information in
documents containing financial statements, statutory
declarations.
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