CHAPTER IIAPPROVAL, CONTINUING EDUCATION AND MUTUAL RECOGNITION
Article 8Test of theoretical knowledge
1.
The test of theoretical knowledge included in the examination shall cover the following subjects in particular:
(a)
general accounting theory and principles;
(b)
legal requirements and standards relating to the preparation of annual and consolidated accounts;
(c)
international accounting standards;
(d)
financial analysis;
(e)
cost and management accounting;
(f)
risk management and internal control;
(g)
auditing and professional skills;
(h)
legal requirements and professional standards relating to statutory audit and statutory auditors;
F1(i)
international auditing standards as referred to in Article 26;
(j)
professional ethics and independence.
2.
It shall also cover at least the following subjects insofar as they are relevant to auditing:
(a)
company law and corporate governance;
(b)
the law of insolvency and similar procedures;
(c)
tax law;
(d)
civil and commercial law;
(e)
social security law and employment law;
(f)
information technology and computer systems;
(g)
business, general and financial economics;
(h)
mathematics and statistics;
(i)
basic principles of the financial management of undertakings.
F23.
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