B1(e)

A learning outcome has been added in respect of quality control. Candidates now need an understanding of the objectives and importance of quality control, as well as being able to explain quality control procedures.

Explain the overall objectives and importance of quality control procedures in concluding an audit.

C2(a)

The references to internal control questionnaires and internal control questionnaires have been combined.

Explain how auditors record internal control systems including the use of narrative notes, flowcharts and questionnaires.

C3(b)

The learning outcome has been reworded to make specific reference to key controls.

Describe control objectives, control procedures, activities, key controls and tests of control in relation to:

i) The sales system;

ii) The purchases system

iii) The payroll system

iv) The inventory system

v) The cash system

vi) Non-current assets

C4(c)

The learning outcome which was previously under A3(g) has been moved to C4(c) as it is considered to be most relevant to the issue of internal control.

Discuss the need for auditors to communicate with those charged with governance.

C5(b)

The specific reference to appropriate international codes of corporate governance has been removed.

Discuss the elements of best practice in the structure and operations of internal audit.

D5(a) & D5(b)

These learning outcomes have been reworded to include reference to data analytics.

D Audit evidence

5. Computer-assisted audit techniques

a) Explain the use of computer assisted audit techniques and data analytics in the context of an audit.

b) Discuss and provide relevant examples of the use of test data and audit software and other data analytics tools.