Core areas likely to be examined in every paper:

• Engagement planning and risk assessment

• Engagement procedures (i.e. evidence)

• Ethics and professional issues

• Engagement reporting (ISA 700 audit reports in particular)

Subjects of recent articles:

• Auditing in a Computer Based Environment

• The Clarity Project

• Audit of employee benefits and discontinued operations

• ISA 560 Subsequent Events

• ISA 540 Audit of Accounting Estimates

Note: The latter three points were mentioned in an article by Lisa Weaver published in November 2008. However they remain unexamined and are likely to appear in this or the

June 2010 sitting.

Peripheral areas yet to be examined:

• Regulatory framework

• Corporate governance

• Money Laundering

The examiner will set 5 questions, which will all have multiple elements, so it is likely that other topics than the ones noted above will be examined in the December 2009 exam.