Topics which are certain to be examined in each sitting (about 80-100 marks)
① Ethical/professional/practice issues: (15 marks)
-Ethical issues: independence threats and safeguards;
- Professional issues: auditor’s professional liability under statute law and tort law;
- Practices issues: advertising, tendering, publicity, obtaining professional work and fees, professional appointments, quality control
②Identification and explanation of audit risk or/and business risk (15 marks)
?、跾pecific accounting issues about items in FSs, i.e. *uation and review (i) (ii) (iii): risks, materiality, specific accounting standards, audit procedures, impact on audit report. (40 marks)
?、?Audit-related service or other assurance service: interim financial information review; due diligence; PFI; forensic auditing; social and environment auditing; internal auditing. (10 marks)
?、軬roup auditing: (10-15 marks)
Other areas which are likely examined
?、賀egulatory environment: corporate governance code; money laundering; law and regulations
?、?Current issues and development: auditor’s responsibility about these issues
Detailed topics and questions for 2015.12 sitting
?、費(fèi)oney laundering and PFI - 2014.6 Q2
?、贕oing concern, ethical issues, audit opinion and report – 2011.6 Q2;
?、跜onstruction contract, discontinued operation, related party transactions – 2011.6 Q1
?、蹵udit risks of consolidated financial statement, reliance on audit work of components, associates, grant – 2010.6 Q1
⑤Group audits, joint audit and transnational audit - 2012.12 Q2; 2009.6 Q2
⑥Audit report, emphasis of matter paragraph and other matter paragraph – 2010.6 Q5
?、逴ther specific accounting issues: share-based payment; borrowing cost; government grant; employment benefits; segment reporting; deferred tax
