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PAPER P7, ADVANCED AUDIT AND ASSURANCE (INT)

The changes to Paper P7 are introduced to the syllabus to refect the latest business and
educational developments afecting this paper. The main changes include the introduction of
outcomes relating to public sector audit and the audit of social, environmental and integrated
reporting. These are all summarized in Table 19 below.
Table 19: Summary of changes to Paper P7 (INT)
Section and subject
area Syllabus content
New D4(b) added to
include component
auditors responsibilities
in a group situation
(b) Explain the responsibilities of the
component auditor before accepting
appointment, and the procedures to be
performed in a group situation
D3(e) Amended to add
reference to integrated
reporting
(e) Discuss the courses of action available
to an auditor if an inconsistency or
misstatement of fact exists in relation to
other information such as contained in the
integrated report

Heading E1 amended to
include old E2
assurance services 1. Audit-related and assurance services
Old E2(c) Deleted
c) Recognise the ways in which diferent
types of risk (eg strategic, operating,
information) may be identifed and analysed
and assess how management should
respond to risk
New E6 subject area
added on public sector
audit
6. The audit of performance information
in public sector
(a) Describe the audit of performance
information and diferentiate from
performance auditing
(b) Plan the audit of performance
information, and describe examination
Section and subject
area Syllabus content
procedures to be used in the audit of
performance information
(c) Discuss the existence, measurability and
relevance of reported performance
information
(d) Discuss the form and content of a report
on the audit of performance information
(e) Discuss the content of an audit
conclusion on an integrated report of
performance against predetermined
objectives
Old G2 deleted
2. Information technology
(a) Describe recent trends in IT and their
current and potential impact on auditors (eg
the audit implications of cyberincidents and
other risks).
(b) Explain how IT may be used to assist
auditors and discuss the problems that may
be encountered in automating the audit
process
Heading of G3 amended
to refer to integrated
reporting
4. The audit of social, environmental and
integrated reporting
G3(a) Amended to add
reference to integrated
reporting
(a) Plan an engagement to provide
assurance on integrated reporting
(performance measures and sustainability
indicators)
G3(e) Amended to add
reference to integrated
reporting
P7 Syllabus changes:
The syllabus has been amended to include references to the audit of social, environmental and
integrated reporting.
A new subject area has been added:
The audit of performance information in public sector.