Let’s discuss the revised F8(INT) syllabus

Hie friends. I think this will be useful to those who don’t have up-to-date study texts.
The additions to the syllabus are:
1. Define and provide the objectives of an assurance engagement
2. Explain the 5 elements of an assurance engagement
3. Describe the auditor’s responsibility with regard to auditor independence, conflicts of interest and confidentiality
4. Identify the overall objectives of the auditor
5. Explain the need to conduct an audit in accordance with ISAs
6. Describe the risk assessment procedures for the identification and assessment of the risks of material misstatement
7. Explain the auditor’s responsibility to consider laws & regulations
8. Explain how auditors record internal control systems including the use of internal control questionnaires and internal control evaluation questionnaires
9. Discuss the relevance & reliability of audit evidence
10. Explain the auditor’s responbsibilities and describe procedures to be applied in relation to opening balances and comparative information
11. Explain the purpose of substantive procedures in relation to assertions for a)payables, accruals, provisions and contingencies and b) share capital,reserves and directors’ emoluments
12. Evaluate the effect of dealing with uncorrected misstatements