Audit and Assurancef8int Syll Sg

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    Audit an

    1

    d Assurance(INT) (F8)December 2009

    This syllabus and study guide is designed to help

    nd to provide detailed

    d in

    tion session.

    AND

    apers

    s

    eding o

    erpinne

    nce

    . Thes

    r paper

    h other

    en the accounting an

    inks between these are sho

    as dotted line arrows. This diagram indicates whe

    knowledg

    previous

    the syllabus

    of the

    the broadest sense the

    ral mai

    the syllabus and study

    guide into discrete sections.

    Relational diagram of the main capabilities

    This diagram illustrates the flows and links between

    the main capabilities (sections) of the syllabus and

    should be used as an aid to planning teaching and

    learning in a structured way.

    Syllabus rationale

    the syllabus is

    ties are linked.

    The rationale also explains in further detail what the

    ination intends to assess and why.

    This shows the breakdown of the main capabilities

    abus into subject areas. This is

    the blueprint for the detailed study guide.

    ing the syllabus

    This section briefly explains the structure of the

    ssed.

    at students, tuition

    hould use as the basis of

    ials.

    the detail of the

    ely identifies what

    nation session.

    tion and

    ivided into sections

    lities identified in theivided into subject

    es included

    yllabus. Subject areas are broken

    down into sub-headings which describe the detailed

    ssed in examinations.

    may require students to

    the broad intellectual level at

    monstrated

    shers: BPP

    ishing.

    Both these publishers base their

    study texts on the detailed contents of the study

    guides as published by ACCA. ACCA takes no

    editorial responsibility for the detailed content of

    these study texts although ACCA examiners will

    annually review their content for general

    appropriateness and relevance in supporting

    effective study towards ACCA examinations.In addition ACCA examiners will recommend other

    with planning study a

    information on what could be assesse

    any examina

    THE STRUCTURE OF THE SYLLABUS

    STUDY GUIDE

    Relational diagram of paper with other p

    This diagram shows direct and indirect link

    between this paper and other papers prec rStudy Guidefollowing it. Some papers are directly und d

    by other papers such as Advanced Performa

    Management by Performance Management e This is the main document th

    links are shown as solid line arrows. Othe s providers and publishers s

    only have indirect relationships with eac

    such as links existing betwe d

    auditing papers. The l wn study guide which comprehensiv

    re could be assessed in any exami

    you are expected to have underpinning e The study guide is a precise reflec

    and where it would be useful to review

    learning before undertaking study.

    Overall aim of

    This explains briefly the overall objective

    paper and indicates in

    capabilities to be developed within the paper.

    Main capabilities

    This papers aim is broken down into seve n (*see intellectual levels below).

    capabilities which divide

    This is a narrative explaining how

    structured and how the main capabili

    exam

    Detailed syllabus

    (sections) of the syll

    Approach to examin

    examination and how it is asse

    their studies, instruction and mater

    Examinations will be based on

    breakdown of the syllabus. It is d

    based on the main capabisyllabus. These sections are d

    areas which relate to the sub-capabiliti

    in the detailed s

    outcomes that could be asse

    These outcomes are described using verbs

    indicating what exams

    demonstrate, and

    which these may need to be de

    Reading lists

    ACCA has two official publi

    Learning Media and Kaplan Publ

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    2

    dents ma

    the

    ant articles will also b

    tant.

    broaden

    d professiona

    on their way

    The specific capabilities within the detailed

    ssessed at one

    e levels:

    relate to the

    owledge

    onal le

    ide

    , or

    marked

    nch an ar

    . Howe

    nowledge

    ule and

    the Professional level, some lower level

    ue to be assessed as the student

    gh each module and level. This

    re will be a

    casionally

    sed a

    G HOURS

    The ACCA qualification does not prescribe or

    recommend any particular number of learning hours

    for examinations because study and learning

    patterns and styles vary greatly between people and

    organisations. This also recognises the wide

    diversity of personal, professional and educational

    circumstances in which ACCA students find

    themselves.

    23 and 35 main

    on the nature of

    the subject and how these areas have been broken

    E

    .

    The Fundamentals level examinations contain

    100% compulsory questions to encourage

    readth of each

    d by equivalent

    puter based

    re all paper based

    -hour papers. The structure of papers varies

    from ten questions in the Corporate and Business

    rk questions in

    ividual questions

    between

    10 and 30 marks.

    all three-hour

    paper based examinations, all containing twoy, but there will be

    apers, ACCA has

    d planning time.

    t the beginning of

    allow candidates to

    lanning their

    efore they start writing in their answer

    books. This time should be used to ensure that all

    the information and exam requirements are properly

    read and understood.

    During reading and planning time candidates may

    only annotate their question paper. They may not

    write anything in their answer booklets until told to

    do so by the invigilator.

    text books where appropriate, which stu y Each syllabus contains between

    read in order to widen their reading beyond

    approved study texts. Relev e

    published instudent accoun

    INTELLECTUAL LEVELS

    The syllabus is designed to progressively

    and deepen the knowledge, skills an l between modules and leve

    values demonstrated by the student

    through the qualification.

    syllabuses and study guides are a of syllabus.

    three intellectual or cognitiv

    Level 1: Knowledge and comprehension

    Level 2: Application and analysisLevel 3: Synthesis and evaluation

    Very broadly, these intellectual levels three

    three cognitive levels at which the Kn

    module, the Skills module and the Professi vel Law (F4) paper to four 25 ma

    are assessed.

    Each subject area in the detailed study gu

    included in this document is given a 1, 2

    3 superscript, denoting intellectual level, at The Professional level papers are

    the end of each relevant line. This gives aindication of the intellectual depth at whi

    ation

    ea

    ver,

    sections. Section A is compulsor

    some choice offered in Section B.

    For all three hour examination p

    introduced 15 minutes reading an

    could be assessed within the examin

    while level 1 broadly equates with the K

    module, level 2 equates to the Skills mod

    level 3 to

    skills can contin

    progresses throu

    reflects that at each stage of study the

    This additional time is allowed a

    each three-hour examination to

    read the questions and to begin p

    answers b

    requirement to broaden, as well as deepen

    capabilities. It is also possible that oc

    some higher level capabilities may be asses t

    lower levels.

    LEARNIN

    subject area headings depending

    down.

    GUIDE TO EXAM STRUCTUR

    The structure of examinations varies within and

    ls

    candidates to study across the b

    The Knowledge module is assesse

    two-hour paper based and com

    examinations.

    The Skills module examinations a

    Financial Management (F9). Ind

    odule papers will attractwithin all Skills m

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    3

    Section

    with all

    this

    nts a choice of two from

    ns

    ns, ea

    Section B will

    offer a choice of two from three questions totallin

    attracting

    25 marks.

    ation

    T

    xamination

    techniques,

    s specified.

    ssurance,

    d

    le

    ctly

    ld potentially be

    ions..

    issuedor

    lation passedon or before 30 September

    ne 1st of the

    ear after.

    June 2009,

    mber 2009 (and March 2010 where

    ulations issued

    mber

    e above dates may be

    the

    hen

    regulation or legislation has been formally approved.

    The term effective relates to when regulation or

    legislation must be applied to an entity transactions

    and business practices.

    The study guide offers more detailed guidance onthe depth and level at which the examinable

    documents will be examined. The study guide

    fore be read in conjunction with the

    examinable documents list.

    The Essentials module papers all have a A

    containing a major case study question

    requirements totalling 50 marks relating to

    case. Section B gives stude

    three 25 mark questions.

    Section A of each of the Options papers contai

    ch50-70 compulsory marks from two questio

    attracting between 25 and 40 marks.

    g

    30-50 marks, with each question

    between 15 and

    The pass mark for all ACCA Qualific

    examinations is 50%

    GUIDE TO EXAMINATION ASSESSMEN

    ACCA reserves the right to examine anything

    any econtained within the study guide at

    session. This includes knowledge,

    principles, theories, and concepts a

    For the financial accounting, audit and a

    law and tax papers except where indicate

    otherwise, ACCA will publish examinab

    documents once a year to indicate exa

    what regulations and legislation cou

    assessed within identified examination sess

    For paper based examinations regulation

    legis th

    annually, will be assessed from Ju

    following year to May 31st of the y

    Therefore, paper based examinations in

    Dece

    applicable) will be assessed on reg

    and legislation passed on or before 30 Septe

    2008.

    Regulation issued or legislation passed inaccordance with th

    examinable even if the effectivedate is in

    future.

    The term issued or passed relates to w

    should there

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    Syllabus e of internal audit andverall

    nt and its relationship

    ditor obtains an

    and its

    the risk of material

    ng from fraud or

    lans an audit of

    information systems

    ntrols to identify and

    and their potential

    appropriate

    ctives of audit

    ation of the

    Auditing

    dify the audit plan

    Explain how the conclusions from audit work

    are reflected in different types of audit report,

    ements of each type of report.

    B Explain the natur

    describe its role as part of o

    performance managemePA

    (P1)

    AAA

    (P7)with the external audit

    C Demonstrate how the au

    understanding of the entity

    environment, assesses

    misstatement (whether arisi

    To develop knowledge and understanding of the

    g out the assurance engagement

    and its application in the context of the professio

    O

    :

    A Explain the nature, purpose

    assurance engagements including the role of

    the external audit and its regulatory and ethical

    framework

    s

    ate

    rnal co

    engagements and the applic

    necessary

    G

    explain the el

    RELATIONAL DIAGRAM OF MAIN CAPABILITIES

    AIM

    process of carryin

    nal

    communicate control risks

    consequences, making

    recommendations

    regulatory framework.

    MAIN CAPABILITIES

    n successful completion of this paper, candidates

    should be able to

    and scope ofas

    other irregularities) and p

    financial statement

    D Describe and evalu

    and inte

    E Identify and describe the work and evidence

    required to meet the obje

    International Standards on

    F Evaluate findings and mo

    Review (F)

    Reporting (G)

    Planning and risk assessment (C)

    Internal control (D) Audit evidence (E)

    Audit framework and regulation (A) Internal audit (B)

    AA(F8)

    CL (F4) FR (F7)

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    5

    RATIONALE

    ntially

    starts with

    , its

    rofessional

    en lea

    nterna

    een internal

    then cover

    cial

    udit

    e financial statements.

    en deals with reporting, includ

    statutory audit reports, management reports, and

    ork and Regulation

    surance

    ts

    ry environment and corporate

    f Ethics

    and Conduct

    rporate governance

    ernal and internal audit

    audit function

    ng the internal audit department

    5. Internal audit assignments

    C. Planning and risk assessment

    1. Objective and general principles

    2. Understanding the entity and knowledge of the

    business

    sessing the risks of material misstatement

    and fraud

    lytical procedures

    an audit

    t documentation

    7. The work of others

    D. Internal control

    al control systems

    use of internal control systems by auditors

    5. The evaluation of internal control components

    munication on internal control

    e

    auditors

    3. The audit of specific items

    4. Audit sampling and other means of testing

    mputer-assisted audit techniques

    ganisations

    bsequent events

    2. Going concern

    3. Management representations

    4. Audit finalisation and the final review

    G. Reporting

    1. Audit reports

    The Audit and Assurance syllabus is esse

    divided into seven areas. The syllabus

    the nature, purpose and scope of assurance

    engagements, including the statutory audit

    regulatory environment, and introduces p

    ethics relating to audit and assurance. It th

    into internal audit, including the scope of i

    audit as well as the differences betw

    audit and external audit. The syllabus

    range of areas relating to an audit of finan

    statements. These include planning and risk

    assessment, evaluating internal controls, a

    evidence, and a review of th

    4. Ana

    ds 6. Audi

    l

    s a

    The final section th ing 2. The

    internal audit reports.

    DETAILED SYLLABUS

    A. Audit Framew

    1. The concept of audit and other as

    engagements

    2. Statutory audi

    3. The regulatogovernance

    4. Professional ethics and ACCAs Code o

    B. Internal audit

    1. Internal audit and co

    2. Differences between ext

    3. The scope of the internal

    4. Outsourci

    3. As

    5. Planning

    1. Intern

    3. Transaction cycles

    4. Tests of control

    6. Com

    E. Audit evidenc

    1. The use of assertions by

    2. Audit procedures

    5. Co

    6. Not-for-profit or

    F. Review

    1. Su

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    6

    2. Reports to management

    3. Internal audit reports

    BUS

    hour paper-

    mpulsory

    s. The bulk of the questions will be

    discursive but some questions involving

    time to

    time.

    labus.

    Question 1 will be a scenario-based question worth

    30 marks. Question 2 will be a knowledge-basedquestion worth 10 marks. Questions 3, 4 and 5 will

    be worth 20 marks each.

    APPROACH TO EXAMINING THE SYLLA

    The syllabus is assessed by a three-

    based examination, consisting of five co

    question

    computational elements will be set from

    The questions will cover all areas of the syl

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    7

    Study Guide

    1. The concept of audit and other as

    gagemen

    men

    engagements.[1]

    ty,

    stewardship and agency.

    of materiality, true

    e) Explain reporting as a means of communitakeholders.[1]

    ided

    i nments.[1]

    .[1]

    isms for th

    uditors.[2]

    ion

    d i

    statutory audits.[2]

    ctives and principle acti

    alue (e.g. n

    ce risk and

    improve performance).[1]

    f) Describe the limitations of statutory audits.[1]3. The regulatory environment and corporate

    governance

    a)

    Explain the development and status ofInternational Standards on Auditing.[1]

    ship between International

    Standards on Auditing and national[1]

    c) Discuss the objective, relevance andernance.[2]

    cate

    ernance.[2]

    e) Discuss the provisions of international codes ofe (such as OECD) that are

    auditors.[2]

    rporate governance

    requirements relating to directors

    r risk management and

    reportingresponsibilities of auditors.[1]

    se the structure and roles of audit

    committees and discuss their benefits and

    portance of internal control and

    i) Compare the responsibilities of managementof

    4. Professional ethics and ACCAs Code of Ethics

    mental principles of

    ity, objectivity,

    professional competence and due care,

    al behaviour.[2]

    nceptual framework.[2]

    enforcement

    mechanisms associated with, ACCAs Code of

    Ethics and Conduct.[2]

    d) Discuss the requirements of professional ethicsand other requirements in relation to the

    acceptance of new audit engagements.[2]

    e) Discuss the process by which an auditorobtains an audit engagement.[2]

    A AUDIT FRAMEWORK AND REGU

    LATIONstandards.

    surance importance of corporate gov

    engagements

    a) Identify and describe the objective aprinciples of external audit en

    nd general

    ts.[2]

    d) Discuss the need for auditors to communiwith those charged with gov

    b) Explain the nature and developand other assurance

    t of audit corporate governanc

    most relevant to

    f) Describe good co

    c) Discuss the concepts of accountabili[2]

    d) Discuss the concepts andnce.[2]

    responsibilities (e.g. fo

    internal control) and thefair presentation and reasonable assura

    cation g) Analyto different s

    f) Explain the level of assurance provaudit and other review ass g

    bylimitations.[2]

    h) Explain the im

    2. Statutory auditsa) Describe the regulatory environment w

    which statutory audits take place

    ithin

    e

    and auditors for the design and operationsystems and controls.[2]

    b) Discuss the reasons and mechanregulation of a

    c) Explain the statutory regulations goveappointment, removal and resignat

    auditors.[1]

    rning the

    ofa) Define and apply the funda

    professional ethics of integr

    d) Discuss the types of opinion provide n c

    e) State the obje vities of

    i

    c) Discuss the sources of, andstatutory audit and assess its v

    assisting management to redu

    b) Explain the relation

    risk management.[1]

    and Conduct

    onfidentiality and profession

    b) Define and apply the co

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    8

    ce of engagement letters

    and state their contents.[1]

    ance

    [2

    ts of best pract

    structure and operations of internal audit

    a c d s

    porate governance.[2]

    e

    external and

    report

    audit.[2]

    al audit functio

    and the

    fun

    internal audit assignments.

    ilities of internal and

    [2]

    rtment

    Explain the advantages and disadvantages of

    ments

    a) Discuss the nature and purpose of internalaudit assignments including value for money,

    IT, best value and financial.[2]

    b) Discuss the nature and purpose of operationalinternal audit assignments including

    procurement, marketing, treasury and human

    resources management.[2]

    C PLANNING AND RISK ASSESSMENT

    iples

    Identify and describe the need to plan and

    perform audits with an attitude of professional

    engagement risks

    affecting the audit of an entity.[1]

    nts of audit risk.[1]

    t isk based, procedural

    dit work.[2]

    e) Discuss the importance of risk analysis.[2]Describe the use of information technology in

    ing the entity and knowledge of

    the business

    Explain how auditors obtain an initial

    and knowledge of

    iness environment.[2]

    aterial misstatementaud

    concepts of materiality

    and tolerable error.[2]

    indicative materiality levels from

    c) Discuss the effect of fraud and misstatementsd extent of audit

    al procedures

    a) Describe and explain the nature and purpose ofanalytical procedures in planning.[2]

    b) Compute and interpret key ratios used inanalytical procedures.[2]

    5. Planning an audit

    a) Identify and explain the need for planning anaudit.[2]

    f) Explain the importan

    B INTERNAL AUDIT

    1. Internal audit and corporate govern

    a) Discuss the factors to be taken into accountwhen assessing the need for internal

    b) Discuss the elemenaudit. b) Identify and describe]

    ice in the

    with c) Explain the componereference to appropriate internation

    cor

    l o e

    d) Compare and contras rof

    2. Differences between external and int

    audit

    rnal

    and other approaches to au

    a) Compare and contrast the role ofinternal audit regarding audit planning and the

    collection of audit evidence.[2]

    b) Compare and contrast the types ofprovided by internal and external

    3. The scope of the intern n u

    a) Discuss the scope of internal auditlimitations of the internal audit ction.

    [2]

    3. Assessing the risks of mand fr

    b) Explain the types of audit report pr[1]

    ovided in

    a) Define and explain the

    c) Discuss the responsibexternal auditors for the prevention and

    detection of fraud and error.

    4. Outsourcing the internal audit depa

    a)

    outsourcing internal audit.[1]

    5. Internal audit assign

    1. Objective and general princ

    a)scepticism.[2]

    f)risk analysis.[1]

    2. Understand

    a)

    nderstanding of the entity

    its bus

    b) Computefinancial information.[2]

    on the audit strategy an

    work.[2]

    4. Analytic

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    9

    contents of the overall

    audit strategy and audit plan.[2]

    e a

    an.[2]

    nce between interim

    final audit.

    ion

    rtance of]

    ng papers and

    supporting documentation.[2]

    g papers.

    nal auditor

    le to rely on the work of internal audit.

    ing to

    entities using service organisations.[2

    d) Discuss why auditors rely on the work of

    extent to which reference to the

    hers can be made in audit reports

    AL CONTROL

    The following transaction cycles and account

    balances are relevant to this capability:

    revenue, purchases, inventory, revenue and capital expenditure, payroll, bank and cash.

    1. Internal control systems

    g of internal control activities

    b) Describe and explain the key components of an

    Identify and describe the important elements of

    internal control including the control

    nt control

    ntrol

    and substantive procedures. [2]

    The use of internal control systems by

    e of internal control to

    how auditors identify weaknesses in

    and how those

    extent of auditors

    reliance on those systems.[2]

    lain, analyse and provide examples of

    internal control procedures and control

    ts of control suitable[2]

    controls and

    general IT controls.[2]

    5. The evaluation of internal control components

    a) Analyse the limitations of internal controlcomponents in the context of fraud and error.[2]

    b) Explain the need to modify the audit strategyand audit plan following the results of tests ofcontrol.[1]

    b) Identify and describe the

    c) Explain and describe the relationship betweenthe overall audit strategy and th udit plan.[2] relevant to the audit.[1]

    d) Develop and document an audit pl

    e) Explain the differe[1]

    and

    internal control system.[1]

    c)6. Audit documentat

    a) Explain the need for and the impoaudit documentation. [1

    b) Describe and prepare worki

    c) Explain the procedures to ensure safe cand retention of workin [1]

    ustody

    auditors

    a) Explain the importancauditors.[1]

    7. The work of others

    a) Discuss the extent to which auditorely on the work of experts.[2]

    rs are able to internal control systems

    weaknesses limit the

    b) Discuss the extent to which exterare ab

    s[2]

    3. Transaction cycles

    c) Discuss the audit considerations relat]

    others.[2]

    e) Explain thework of ot .[1] 4. Tests of control

    D INTERN

    a) Explain why an auditor needs to obtain anunderstandin

    environment and manageme

    activities. [1]

    d) Discuss the difference between tests of co

    2.

    b) Explain

    a) Expactivities.[2]

    b) Provide examples of computer systemcontrols.[2]

    a) Explain and tabulate tesfor inclusion in audit working papers.

    b) List examples of application

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    10

    sk

    [1]

    ol

    s of how the

    n

    s to overcome those

    weaknesses are provided to management.[2]

    E AUDIT EVIDENCE

    ions by auditors

    the

    s.[2]

    f

    sting, account balance testing[1]

    ni

    a) Discuss the sources and relative merits of the

    f how

    [2]

    d) Describe why smaller entities may havees of evidence likely to be available in

    ed.

    3. The audit of specific items

    For each of the account balances stated in this sub-

    capability:

    explain the purpose of substantiveprocedures in relation to financial

    statement assertions,

    explain the substantive procedures used inauditing each balance, and

    substantive procedures in a

    work program.

    onfirmation of accounts receivable

    lation to receivables

    and prepayments, and

    Inventory:

    i) inventory counting procedures in relationus inventory

    confirmation of inventory held by

    ion to inventory.

    ]

    i) supplier statement reconciliations anddirect confirmation of accounts payable,

    in relation to payables

    tatement entries.

    i) bank confirmation reports used inin relation to bank and

    to bank and

    statement entries.

    ts and long-term

    i) evidence in relation to non-current assetsand

    and

    statement entries.

    eans of testing

    sampling.[1]

    b) Identify and discuss the differences betweenstatistical and non-statistical sampling.[2]

    c) Discuss and provide relevant examples of, theapplication of the basic principles of statistical

    sampling and other selective testingprocedures. [2]

    c) Identify and explain managements riassessment process with reference to internal

    control components.

    6. Communication on internal contr

    a) Discuss and provide examplereporting of internal control weak esses and

    recommendation

    ii

    1. The use of assert

    a) Explain the assertions contained infinancial statement

    b) Explain the principles and objectives otransaction te

    and disclosure testing.

    c) Explain the use of assertions in obtaievidence.[2]

    ng audit ii) obtain evidenceand accruals, and

    2. Audit procedures

    different types of evidence available.

    [2]

    b) Discuss and provide examples oanalytical procedures are used as subs

    procedures.[2]

    tantive cash, and

    c) Discuss the problems associated with the auditand review of accounting estimates. li

    different control environments and de

    typ

    scribe the ii) non-current liabilitiesiii) the related income

    smaller entities.[1]

    e) Discuss the quality of evidence obtain

    [2]

    4. Audit sampling and other m

    a) Define audit sampling and explain the need for

    tabulate those

    a) Receivables:i) direct c

    [2]

    ii) other evidence in rei) the related income statement entries.

    b) [2]to year-end and continuo

    systems

    ii) cut-offiii) auditors attendance at inventory countingiv) direct

    third parties,

    v) other evidence in relatc) Payables and accruals: [2

    iii) the related income s

    d) Bank and cash: [2]

    obtaining evidencecash

    ii) other evidence in relationiii) the related income

    e) Tangible non-current asse

    abilities: [2]

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    pli

    eration of whether additiona[2]

    es

    a) Explain the use of computer-assisted a.[1]

    rovide relevant examples of

    use of test data and audit software for the

    io

    6. Not-for-profit organisations

    of

    organisations.[2]

    b) Explain how the audit of small not-for-profitfers from the audit of for-profit

    F REVIEW

    a subseque

    b) Discuss the procedures to be undertakeview.[2]

    and discuss the significance of the

    concept of going concern.[2]

    c) Explain the respective responsibilities ofauditors and management regarding going

    concern.[1]

    d) Discuss the procedures to be applied inperforming going concern reviews.[2]

    e) Discuss the disclosure requirements in relationto going concern issues.[2]

    g implications of the

    findings of going concern reviews.[2]

    ations

    a) Explain the purpose of and procedure forent representations.[2]

    Discuss the quality and reliability of

    as audit

    Discuss the circumstances where management

    4. Audit finalisation and the final review

    Discuss the importance of the overall review of

    idence obtained.[2]

    plain the significance of unadjusted[1]

    G REPORTING

    orts

    and analyse the format and content of

    ts.[2]

    format and content of[2]

    l control and

    es and their potential effects

    d make appropriate recommendations to[2]

    3. Internal audit reports

    a) Describe and explain the format and content ofinternal audit review reports and other reports

    dealing with the enhancement of

    performance.[1]

    b) Explain the process for producing an internalaudit report.[1]

    d) Discuss the results of statistical samincluding consid

    ng, f) Discuss the reportinl

    testing is required.

    5. Computer-assisted audit techniqu

    udit obtaining managem

    b)techniques in the context of an auditb) Discuss and p the

    ned in

    management representations

    evidence.[2]

    c)transaction cycles and balances mentsub-capability 3.[2]c) Discuss the use of computers in relation to the

    administration of the audit.[2]

    a) Apply audit techniques to small not-for-pr i at

    organisations dif

    organisations.[1]

    1. Subsequent events

    a) Explain the purpose of nt events

    n in

    unmodified audit repor

    b) Describe and analyse themodified audit reports.

    review.[1]

    performing a subsequent events re

    2. Going concern

    a) Define

    b) Explain the importance of and the need forgoing concern reviews.[2]

    3. Management represent

    representations are necessary and the matters

    on which representations are commonly

    obtained. [2]

    )ev

    b) Exdifferences.

    1. Audit rep

    a) Describe

    2. Reports to management

    a) Identify and analyse internasystem weakness

    an

    management.

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    READING LIST

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    a

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    r: +44(0)118 989 0629

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    Kaplan Publishing

    Contact numbe

    iley and Sons Ltd.

    (2004)

    evant for

    ying in Singapore

    AUDIT COMMITTEE GUIDANCE COMMITTEE

    ES IN

    ntre (ATC) International

    Contact: [email protected]

    Additional reading:

    Cosserat, G.W, Modern Auditing,

    (Second edition), John W

    Please note, the following text is only rel

    students stud

    GUIDEBOOK FOR AUDIT COMMITTE

    SINGAPORE

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