CPA Part III Section VI

Intro One

Introduction

This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to have understanding in Advanced Public Finance and Taxation, Advanced Auditing and Assurance and Advanced Financial Reporting

LEARNING OUTCOME

Advanced Public Finance and Taxation

A candidate who passes this paper should be able to:

  • Design a tax policy
  • Manage Public Private Partnerships arrangements
  • Compute tax for complex aspects of companies and specialized entities
  • Apply tax laws in mitigating tax costs for various tax payers
  • Analyse the taxation issues associated with international transactions
  • Apply advanced public financial management principles in practice
  • Evaluate the effectiveness of the public finance, tax systems and policies in
    economic growth of a country
  • Manage public investments
LEARNING OUTCOME

Advanced Auditing Assurance

A candidate who passes this paper should be able to:

  • Apply international standards in auditing and assurance engagements
  • Implement quality control policies and procedures in management of audits
  • Demonstrate how subsequent events and post balance sheet events affect the
    audit opinion and reports
  • Undertake forensic audits
LEARNING OUTCOME

Advanced Financial Reporting

A candidate who passes this paper should be able to:

  • Prepare financial statements for subsidiaries, associates and jointly controlled
    entities in compliance with International Financial Reporting Standards
    (IFRSs) and International Public Sector Accounting Standards (IPSASs) as
    applicable
  • Analyse financial statements for public and private sector entities
  • Account for complex accounting transactions
  • Apply ethical standards in accountancy work and practice