Paper F7

• Consolidated Statement of Comprehensive Income – possible transactions to

include depreciation, revaluation, investment property, IFRS 5.
• Consolidated I/S and SFP for either 2/3 company groups..
• Published accounts.
• Cashflow question with report on company performance.
• Financial statement interpretation.
• Intangible non-current assets including research and development.
• Liabilities including deferred tax.
• Leasing – both numbers and written aspects.
• IASB framework – elements or qualitative characteristics.

Paper F8

• Payables – validation of period end balances and cut-off.

• Acceptance of appointment – ethical and practical issues.
• System evaluation and management letter extracts.
• Audit of estimates including provisions and contingencies.
• Understanding unmodified audit reports and modified opinions.
• Closing review, subsequent events and threats to going concern status.
• Payroll audit procedures.
• Not for profit organisations.
• Internal control weakness.
• IAS 570 going concern.
• Analytical review as a planning tool.
• Threats to an auditors independence.
• Inventories or non-current assets.