P7 (INT), ADVANCED AUDIT AND ASSURANCE
The changes are introduced to the P7 (INT) syllabus to reflect the latest business and educational developments affecting this exam. These are summarised in Table 13 below.
Table 13 – Changes to the P7 (INT) exam effective from September 2017
 

Section and subject area

Syllabus content

D1h) Amended to clarify the need for additional information to obtain an understanding of the entityh) Identify additional information that may be required to assist the auditor in obtaining an understanding of the entity (2)

D2b) New learning outcome specifically relating to additional information required for planning

b) Identify additional information that may be required to effectively carry out a planned assignment (2)

D3e) Amended terminology to comply with changes to ISA 720 The Auditor’s Responsibilities Relating to Other Information

e) Discuss the courses of action available to an auditor if a material inconsistency or material misstatement exists in relation to other information such as contained in the integrated report (2)

F1a) New learning outcome to introduce the new requirements of reporting standards –
ISA 700 and ISA 701

a) Determine the form and content of an unmodified audit report and assess the appropriateness of the contents of an unmodified audit report (3)

G1 Amendment to heading to
focus on developments

1. Professional and ethical developments