Audit & Assurance 5 March

ƒƒPROFESSIONAL ACCOUNTANCY QUALIFICATION DETAILED SYLLABUS DIPLOMA STAGE AUDIT AND ASSURANCE 1. INTRODUCTION AND SCOPE CIPFA's Statement of Expertise identifies the key areas of competence and standards of performance expected of a CPFA within 5 years of initial qualification. The CIPFA Professional Accountancy Qualification is designed to provide the professional education element of CIPFA's qualification scheme, equipping newly-qualified CPFAs with the technical and managerial knowledge and skills which underpin the competences described in the Statement of Expertise. Each module of the Professional Accountancy Qualification contributes to the attainment of a range of these competences. This module is part of the Diploma Stage of the CIPFA scheme. The module will deliver a series of objectives (see below) which represent the standard of attainment expected of a newly-qualified CPFA. This level of attainment, coupled with initial professional development activities, will enable the CPFA to perform to the standards specified in areas of the Statement of Expertise as described below. 2. LINKAGES Auditing has application throughout organisations and consequently audit is linked to all other parts of the syllabus. However, there are particular linkages in respect of the following: - External Auditing involves an appraisal of financial accounting statements and so prior learning of the requirements of Financial Accounting at the ...