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;
F1i
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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