Syllabus

This is the syllabus which we currently teach. Students who pass our course achieve a credit for ACCA Paper F8. We are able to vary the syllabus on request.

Session Objective
1 Understand the concept of audit and how it fits within the corporate governance framework
2 Understand the concept of internal control and apply it to a simple system
3 Understand the scope and nature of internal audit
Understand how an internal auditor evaluates a system of internal control
4 Understand how an internal auditor tests the operating effectiveness of a system of internal control, evaluates the findings and reports the results of their work
5 Understanding Ethics and Independence
Understand how the auditor plans the audit
6 Understand how the auditor plans the audit, continued
7 Understand the auditor’s responsibilities in respect of fraud and corruption
8 Consolidation of areas covered to date and preparation for assignment
9 Understand the importance of evidence (what you did) and audit documentation (what you wrote down)Understand the different means by which an external auditor can gain assurance
10 Understand how an auditor tests specific items of account, part 1 of 5
Understand how the auditor applies practical tools such as predictive analytical review to gain assurance
11 Understand how an auditor tests specific items of account, part 2 of 5
12 Understand how an auditor tests specific items of account, part 3 of 5
13 Understand how an auditor tests specific items of account, part 4 of 5
14 Understand how an auditor tests specific items of account, part 5 of 5
Understand how the external auditor is able to place reliance on the work of others
15 Understand how the external auditor reviews and finalises the audit
16 The Smartest Guys in the Room – Enron
17 Understand how the external auditor reports the audit – Part 1 – Reporting to those charged with governance
18 Reporting part 2 – The Auditor’s Report
19 Revision part 1
20 Revision part 2
Include relevant feedback on assignment