Foundations in Audit (International) FAU INTThe aim of this syllabus is to develop knowledge and understanding of the principles of external audit and the audit process and technical proficiency in the skills used for auditing financial statements. The syllabus for FAU starts with an introduction to the nature and purpose of an audit, including the responsibilities of auditors, and the regulation that auditors must adhere to. The syllabus then covers the areas relating to the process of an

Drafting and Interpreting Financial Statements

Evaluate an organisation’s accounting system and underpinning procedures

C Managing projects

I Interpretation of financial statements

in conformity with FRS 102

and the Level 3 unit Financial Accounting: Preparing Financial Statements

as so-called ‘ecosystems’ emerge

Ethics and Professional Practice learning outcomes:

You’ll examine business structures

F Employability and technology skills

B Financial Statements

and the application of IFRS® Standards to specified single entity or group scenarios