f8 audit and assurance int revision kit bpp

[...]... Comments Revision period 1 Audit framework and regulation Statutory audit Internal audit Revision period 2 Professional ethics Confidentiality Corporate governance and independence Ethical threats and safeguards Revision period 3 Internal audit Internal audit objectives Internal audit and corporate governance Planning your question practice xxvii Done Passcards chapters Questions in this Kit Internal audit. .. scope of internal audit and the limitations of the internal audit function.[2] Discuss the responsibilities of internal and external auditors for the prevention and detection of fraud and error.[2] Outsourcing the internal audit function (a) 5 Explain the advantages and disadvantages of outsourcing internal audit. [1] Internal audit assignments (a) Discuss the nature and purpose of internal audit assignments... the internal audit function (a) (b) 3 Compare and contrast the role of external and internal audit regarding audit planning and the collection of audit evidence.[2] Compare and contrast the types of report provided by internal and external audit. [2] The scope of the internal audit function (a) (b) Explain the types of audit report provided in internal audit assignments.[1] (c) 4 Discuss the scope of internal... Describe and analyse the format and content of unmodified audit reports.[2] Describe and analyse the format and content of modified audit reports.[2] Identify and analyse internal control and system deficiencies and their potential effects and make appropriate recommendations to management.[2] Internal audit reports (a) Describe and explain the format and content of internal audit review reports and other... contents of the overall audit strategy and audit plan.[2] Explain and describe the relationship between the overall audit strategy and the audit plan.[2] Develop and document an audit plan.[2] Explain the difference between interim and final audit. [1] Audit documentation (a) (b) (c) 7 Describe and explain the nature and purpose of analytical procedures in planning.[2] Compute and interpret key ratios... letters and state their contents.[1] B INTERNAL AUDIT 1 Internal audit and corporate governance (a) (b) 2 Discuss the factors to be taken into account when assessing the need for internal audit. [2] Discuss the elements of best practice in the structure and operations of internal audit with reference to appropriate international codes of corporate governance.[2] Differences between the external auditor and. .. guide is now available and is included below A AUDIT FRAMEWORK AND REGULATION 1 The concept of audit and other assurance engagements (a) (b) (c) (d) (e) (f) 2 Identify and describe the objective and general principles of external audit engagements.[2] Explain the nature and development of audit and other assurance engagements.[1] Discuss the concepts of accountability, stewardship and agency.[2] Discuss... development and status of International Standards on Auditing.[1] Compare the responsibilities of management and auditors for the design and operation of systems and controls.[2] Professional ethics and ACCA’s Code of Ethics and Conduct (a) Define and apply the fundamental principles of professional ethics of integrity, objectivity, professional competence and due care, confidentiality and professional... 1 2 3 4 5 Audit planning; audit procedures; risk assessment; auditing inventory Audit evidence (reliability); communication with those charged with governance Understanding the entity and its environment; non-current assets (control environment and completeness) Interim and final audit; reliance on internal audit work; other assurance engagements Assertions relevant to accounts payable; internal controls... 4 2a, 3a 3a 4b, c INTERNAL AUDIT 5 Internal audit 4 PLANNING AND RISK ASSESSMENT 6 Risk assessment 7 Audit planning and documentation 1a, 4a 1a 8 Introduction to audit evidence 1b, c, 2a 2b 1d 4c 2a, c INTERNAL CONTROL 9 Internal control 3b 1a 10 Tests of controls 3b, 5b 1b 4b, c 1c, 2a, 3 1c, d 1c, 4a 1a, b 1b 1c 1c, 4a 1c, 2a 3a, b 1d, 4 1d, 2b AUDIT EVIDENCE 11 Audit procedures and sampling 12 Non-current . Q2 x Using your BPP Learning Media Practice and Revision Kit Using your BPP Learning Media Practice and Revision Kit Tackling revision and the exam You. development and status of International Standards on Auditing. [1] (b) Explain the relationship between International Standards on Auditing and national standards. [1] (c)