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F8 (INT) EXAM FOCUSED
1. Identify and explain Wages system weaknesses and recommendations to control them.
2. Going Concern and procedures on forecasted cash flow.
3. Identify and explain Audit Risk and response of Auditor.
4. Substantive procedures on receivables and revenue OR payables and purchase.
5. Internal v/s External Audit, advantages and disadvantages of outsourcing Internal Audit.
6. Explanation of Sampling methods.
7. Auditor responsibility for Fraud.
8. Importance of understanding the Entity/ Audit Plan.
9. Status of ISA.
10. Difference of Positive and Negative Assurance.
11. Elements of Control System.
12. Benefits of Audit Committee.
13. Elements of Engagement Letter.
14. Audit procedures for Accounting Estimates.
15. Interim v/s Final Audit.
16. Contents and benefits of Audit documents.
17. Confidentiality and its Exceptions.- Topics: 0
- Replies: 1
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what about F9?
F9 EXAM FOCUSED
1. Working Capital Management
“Factoring” calculation
Explain the factors of Working Capital Management policy
Analyse the financing strategy of company
Explain the method of receivable management2. Risk Management
Explain the Interest & Purchasing Power Parity Theories and predicting Exchange Rate
Calculation of Forward Contract and Money Market Hedge3. Valuation of Business
Valuation of company under Price Earning Ratio and Dividend Growth Model in delaying payment
Calculate value of Convertible Debt.
Explain the Market Efficiency4. Cost of Capital
Calculate WACC and Revised WACC
Explain WACC as discount rate in Investment Appraisal
Explain Systematic & Unsystematic Risk and relationship of Portfolio Theory5. Business Finance
Examine Dividend Policy under Dividend Relevance and Irrelevance Theory
Measure the effect on Share Holder’s wealth and analyse the finance position of company
Explain the Debt & Equity as source of Finance6. Investment Appraisal
Calculate NPV with Inflation & Tax
Explain Probability and Sensitivity
Explain problem and solution in Investment Appraisal for Asset with different replacement cycle and Capital RationingP1 EXAM FOCUSED
1. Control System
Importance of sound internal controls
Purpose and weakness of control system2. Risk
Role of risk manager and risk committee
ALARP and market risk
Risk embeddedness in system and culture
Operational and strategic risk
Risk audit and report3. Ethics
AAA model & Grey Owen and Adams social stances
Environmental audit4. Governance
Agency problem and accountability
Governance of charities v/s company
Role of remuneration committee and reward package
Role of CEO
Two-Tier v/s unitary board
Content of induction program
Independence of Non Executive Director
Governance reportSpot on 88% But exam was too lengthy and too much reading that you have no time to think. I looked around and no one finished until last minute. Far too much to do.
I mean if explaining risks and test of controls you have to write briefly unless you are fast at writing which is stupid. I expect quality over quantity.In fact this list is useless as half the items came up and half didn’t. They mentioned nearly half the syllabus. I mean there are major topics like Audit risk and weaknesses in payroll. But the rest like substantive procedures could be anything and it was on bonus.
Hi!
Is this list valid for December 2014? The exam structures is deemed to be different..
Thank you!
Barbara
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