Professional Documents
Culture Documents
SYLLABUS
Against each content of the syllabus, the given number shows the level of understanding expected by the Institute.
The levels are explained as under:
Level 1
The competency of this level requires understanding and awareness of the subject matter and related concepts.
The persons will be expected to have ability to understand the nature of basic concepts.
Level 2
The competency of this level requires good understanding and detailed evaluation of the subject matter and
related concepts, along with the ability to apply concepts and skills in simple professional scenario. The persons
will be expected to have ability to provide reasonable justification and logical explanation to support their
professional judgment and decision making.
Level 3
The competency of this level requires in-depth understanding of the subject matter and related concepts. The
person will be expected to have ability to critically examine and evaluate all concepts and available information
to make firm professional judgments and make decisions.
TABLE OF CONTENTS
Syllabus
Page No.
FUNCTIONAL ENGLISH
AFC-2
BUSINESS COMMUNICATION
AFC-3
QUANTITATIVE METHODS
AFC-4
13
INTRODUCTION TO ACCOUNTING
18
CAF-2
24
CAF-3
BUSINESS LAW
29
CAF-4
37
CAF-5
44
CAF-6
PRINCIPLES OF TAXATION
48
CAF-7
53
CAF-8
58
CAF-9
64
PCSC-01
75
PCSC-02
76
AFC-1
Grid
Weighting
Vocabulary
15-20
20-25
10-15
Total
Syllabus
Ref
Contents
Level
50
Learning Outcome
English
Vocabulary
Parts of speech
Rules of sentences
Syllabus
Ref
Contents
Level
Learning Outcome
Tenses
Punctuation
C
1
Comprehension
Speed reading
Note: *Syllabus has been revised in 264th meeting of the Council held on May 8th and 9th, 2015.
SYLLABUS AUTUMN - 2015
AFC-2
To ensure that candidates can communicate effectively while performing their professional responsibilities.
Learning Outcome
On the successful completion of this paper candidates will be able to:
1
Grid
Weighting
Concepts
10-15
20-25
10-15
Total
Syllabus
Ref
A
Contents
Business Communication
Concepts
Introduction to business communication
Communication process
Level
50
Learning Outcome
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.2.6: Classify different types of
communication networks and describe
their influence on the communication
process within an organization.
LO1.3.1: Describe with simple
examples the seven Cs of effective
communication
LO1.3.2: Identify weaknesses in a given
simple communication process applying
the Seven Cs concept and suggest
corrections.
Critical Thinking
Non-verbal communication
Verbal communication
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.5.3: Contrast between speaking and
listening skills
LO2.5.4: Develop a personal,
constructive approach to dealing with
conflict situations though speech
communication strategies of conflict
resolution
LO2.5.5: Explain the principles of
preparing and delivering an effective
public speech
LO2.5.6: Explain the importance
of listening in effective business
communication
Visual communication
Written Communication
Note: *Syllabus has been revised in 264th meeting of the Council held on May 8th and 9th, 2015.
SYLLABUS AUTUMN - 2015
AFC-3
understand basic mathematics to build a base for financial analysis and transform business problems
into mathematical equations
analyse business solutions and identify feasible, alternative optimum and unbounded solutions
using graphical methods
evaluate maximised profit, minimised cost and feasible manufacturing quantity by using calculus
present collected data using diagrams, charts and graphs and evaluate common measures of
dispersion and central tendencies
use statistical methods in analyzing historical data for decision making and estimating future
outcomes
10
Grid
Weighting
Mathematics
Basic mathematics
10-15
Financial mathematics
15-25
Calculus
10-15
10-15
Statistics
Statistical methods
20-25
5-10
5-10
5-10
Total
100
Syllabus
Ref
Contents
Mathematics
a
Basic mathematics
Level
Learning Outcome
Coordinate system
Arithmetic progression
Geometric progression
Syllabus
Ref
Contents
Level
Learning Outcome
Financial mathematics
Simple interest
Compound interest
Present value
Future values
Annuities
Linear programming
Calculus
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.2.2: Calculate revenue, cost
and profit of a marginal unit using
differentiation techniques.
Statistics
a
Syllabus
Ref
Contents
Level
Learning Outcome
LO6.3.4: Use measures of dispersion,
such as standard deviation or variance,
to ascertain the degree of variation or
variability in a distribution.
Index numbers
Rank correlation
Counting techniques
10
Syllabus
Ref
Contents
Level
Learning Outcome
Probability
Binomial distribution
Poisson distribution
Hyper-geometric distribution
Normal distribution
11
Syllabus
Ref
5
Contents
Testing of hypothesis for population
means, difference between population
means and population proportion and
difference between two population
proportions
Level
2
Learning Outcome
LO10.5.1: Demonstrate the use of
hypothesis testing, significance testing
and testing a hypothesis
LO10.5.2: Perform hypothesis test of
populations means based on small and
large samples
LO10.5.3: Perform hypothesis tests of
the difference between two population
means based on small and large samples
LO10.5.4: Perform hypothesis tests of
the difference between two population
proportions
LO10.5.5: Select appropriate distributions
i.e., z or t for constructing a confidence
interval for a population mean.
12
AFC-4
To enable candidates to equip themselves with the fundamental skills and proficiency required to cope with
todays highly challenging IT oriented business environment.
Learning Outcome
The candidates will be able to:
1
Grid
Weighting
3-6
Microsoft Excel
18-22
Microsoft Word
12-18
Microsoft PowerPoint
8-12
Total
Syllabus
Ref
Contents
Level
Learning Outcome
50
13
Syllabus
Ref
Contents
Level
Learning Outcome
Microsoft Excel
1
14
Syllabus
Ref
2
Contents
Creating and modifying customized data
formats
Level
Learning Outcome
Merging workbooks
15
Syllabus
Ref
7
Contents
Creating and editing charts and templates
Level
2
Learning Outcome
LO2.7.1: Show how to insert/create,
move and resize charts
LO2.7.2: Demonstrate command on
formatting and changing chart types
LO2.7.3: Demonstrate adequate
knowledge in creating and editing Excel
templates.
16
Syllabus
Ref
Contents
Microsoft PowerPoint
1
Level
Learning Outcome
17
CAF-1
understand the nature of accounting, elements of accounts and double entry rules
prepare partnership accounts and account for transactions of admission, retirement etc.
Grid
Weighting
35-40
15-25
15-25
15-25
Total
Syllabus
Ref
Contents
Introduction to accounting
Meaning of business
Level
100
Learning Outcome
18
Syllabus
Ref
3
Contents
Fundamental accounting concepts accrual, consistency, true and fair view,
materiality, prudence, completeness,
going concern, substance over form
Level
2
Learning Outcome
LO1.3.1: Explain the difference between
book-keeping and accounting
LO1.3.2: Describe and illustrate the main
accounting concepts, namely, accrual,
consistency, and completeness
LO1.3.3: Demonstrate familiarity with the
concepts of true and fair view, materiality,
prudence, going concern and substance
over form
LO1.3.4: Apply the concepts of accrual,
consistency and completeness to simple
and well explained circumstances.
Bookkeeping
Chart of accounts
19
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.3.3: Understand and apply the
concept of double entry accounting
to simple and common business
transactions.
General journal
General ledger
Trial balance
20
Syllabus
Ref
2
Contents
Allowance for bad debts and write off
Level
2
Learning Outcome
LO4.2.1: Estimate allowance for bad
debts based on a given policy
LO4.2.2: Post journal entry to record bad
debt expense
LO4.2.3: Compute and record write off
and understand its impact on allowance
for bad debts.
21
Syllabus
Ref
7
Contents
Correction of errors in record keeping
Level
Learning Outcome
Capital account
Current account
Treatment of goodwill
Syllabus
Ref
Contents
Level
Learning Outcome
LO6.2.2: Prepare the nominal accounts,
profit and loss account and statement of
financial position upon amalgamation of
two partnerships.
revaluation account
23
CAF-2
To enable candidates to equip themselves with the fundamental concepts of economics and finance needed
as foundation for higher studies of finance.
Learning Outcome
The candidate will be able to:
1
understand the nature of macro-economics and its relation with the measurement of economic
growth.
Grid
Weighting
Concepts of economics
5-10
Microeconomics
25-35
Macroeconomics
25-35
25-35
Total
Syllabus
Ref
A
Contents
Level
100
Learning Outcome
Concepts of economics
1
24
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.2.3: Provide examples of ,mixed,
planned and market economies
LO1.2.4: Describe the shortfalls of a
market economy.
Microeconomics
1
Microeconomics nature
25
Syllabus
Ref
6
Contents
Cost and revenue curves
Level
Learning Outcome
Macroeconomics
1
26
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.2.4: Understand the stability of
consumption and saving functions in the
short run and discuss the reasons thereof
LO3.2.5: Understand the meaning of
investment, induced investment and
autonomous investment
LO3.2.6: Explain the relationship of
investment with marginal efficiency of
capital and interest rate.
Fiscal budget
27
Syllabus
Ref
8
Contents
Direct and indirect taxation
Level
2
Learning Outcome
LO3.8.1: Define direct and indirect
taxation
LO3.8.2: Understand functions
of taxation, types of taxes and
characteristics of good tax policy
LO3.8.3: Explain the advantages and
disadvantages of direct taxation
LO3.8.4: Explain the advantages and
disadvantages of indirect Taxation.
Banking system
Monetary policy
Money market
Capital markets.
Derivative market
International trade
Financial market-Meaning
28
CAF-3
To give students an understanding of the legal system and commercial laws; and build a knowledge base of
corporate laws.
Learning Outcome
The candidate will be able to demonstrate:
1
knowledge of the legal terminology of company law and the basics of company incorporation
Grid
Weighting
5-10
Mercantile law
Contract Act 1872
20-30
10-15
10-15
50
8-15
8-15
8-15
8-15
8-15
Total
50
29
Syllabus
Ref
A
Contents
Level
Learning Outcome
Mercantile law
a
All sections
Chapter I Preliminary
30
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.4.2: Explain the provisions of the
law relating to conduct of the business,
property of the firm and personal profits
earned by partners.
Definitions (Section 2)
31
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.2.2: Apply the concept of subsidiary
in simple scenarios.
32
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.1.3 Describe the matters that are to
be specified in a prospectus as required
under clause 1 to 7 and 17, 18 19, 24, 26
and 27 of Section 1 of Part I of Second
Schedule
LO4.1.4: Describe the reports that are to
be included in a prospectus as required
under Section 2 of Part I of Second
Schedule
LO4.1.5: Understand/explain the
provisions regarding statement and
consent of expert.
33
Syllabus
Ref
Contents
Level
Learning Outcome
Directors
(Section 174 to 197A)
34
Syllabus
Ref
Contents
Level
Learning Outcome
LO5.4.2: State the legal provisions relating
to loans to directors.
Chief executive
(Section 198 to 204A)
35
Syllabus
Ref
7
Contents
Dividend (Section 248 to 251)
Level
1
Learning Outcome
LO6.7.1:Explain the requirements
relating to declaration of dividend and
identify/explain certain restrictions on
declaration of dividend
LO6.7.2: Describe the provisions
applicable to payment of dividend.
36
CAF-4
show familiarity with the structure of business organizations, their culture and the change process
show familiarity with the nature and importance of negotiation and conflict resolution
Grid
Weighting
Management concepts
20-30
Organizational process
18-22
18-22
18-22
12-18
Total
Syllabus
Ref
A
Contents
100
Level
Learning Outcome
Management concepts
1
Meaning
Functions
Classical approach
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.3.2: Explain the key principles of
management by Fayol and Urwick
LO1.3.3: Explain theories of
management by Weber, Rosemary
Stewart and Elton Mayo
LO1.3.4: Discuss the criticism on
scientific management and classical
approach to management
LO1.3.5: List the characteristics of
bureaucratic organizations and discuss
criticism on this form of management
LO1.3.6: Discuss theories of
management presented by Peter
Drucker, Moss Kanter and Mintzberg.
Behavioral approach
Organizational process
1
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.1.3: Identify the different
stakeholders who have interests in
business firms
LO2.1.4: Explain the importance of a
good structure and consequences of a
deficient structure.
LO2.1.5: Describe the features of
matrix functional, divisional and virtual
organisations and their salient features
LO2.1.6: Describe how the elements
of organizational structure can be
combined to create mechanistic and
organic structures
LO2.1.7: Describe the advantages and
disadvantages of mechanistic and
organic structure of organization.
Perception
Attitude
39
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.2.2: Discuss the differences
between cognitively based attitudes and
affectively based attitudes
LO3.2.3: Describe the difference
between implicit and explicit attitudes
LO3.2.4: Discuss cross-cultural
differences in the bases for attitudes
LO3.2.5: Explain the relationship
between attitude and behaviour.
Goal setting
Management by objective
40
Syllabus
Ref
9
Contents
Self-efficacy
Level
2
Learning Outcome
LO3.9.1: Define the term self-efficacy
LO3.9.2: Demonstrate understanding
of the concepts of high self-efficacy and
low self-efficacy.
10
Reinforcement
11
Equity/organizational justice
12
Expectancy
Type of leadership
Theories of leadership
41
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.4.4: Describe the concept and stages
of team formation, team roles and
performances of effective and ineffective
teams
LO4.4.5: Identify and describe stages of
group development
LO4.4.6: List down the factors
that increase and decrease group
cohesiveness
LO4.4.7: Explain the ways to make
teams more effective.
Negotiation skills
Conflict resolution
42
Syllabus
Ref
Contents
Level
Learning Outcome
Integrated IT systems
43
CAF-5
To provide candidates with an understanding of the fundamentals of accounting theory and basic financial
accounting with particular reference to international pronouncements.
Learning Outcomes
On the successful completion of this paper candidates will be able to:
1
account for simple transactions related to inventories and property, plant and equipment in
accordance with international pronouncements
understand the nature of revenue and be able to account for the same in accordance with
international pronouncements
Grid
Weighting
18-22
Income and expenditure account and preparation of accounts from incomplete records
15-20
25-35
Revenue accounting
12-18
Branch accounts
8-12
8-12
Total
Syllabus
Ref
Contents
Level
100
Learning Outcomes
Preparation of statement of
comprehensive income (IAS 1)
44
Syllabus
Ref
Contents
Level
Learning Outcomes
LO 1.3.2: Calculate changes in working
capital to be included in the operating
activites
LO1.3.3: Compute items which are
presented on the statement of cash flows
LO1.3.4: Prepare a statement of cash
flows of an entity in accordance with
IAS 7 using the direct and the indirect
method.
45
Syllabus
Ref
3
Contents
Measurement of inventories (lower of
cost or net realizable value)
Level
2
Learning Outcomes
LO2.3.1: Describe net realizable value
(NRV)
LO2.3.2: Explain the situation when
the cost of inventories may not be
recoverable
LO2.3.3: Demonstrate the steps in
measuring inventory at lower of cost or
NRV
LO2.3.4: Post journal entries for
adjustments in carrying value (excluding
reversal of write downs).
straight-line,
diminishing balance
De-recognition
46
Syllabus
Ref
Contents
Revenue accounting
1
Revenue (IAS-18)
Level
Learning Outcomes
sale of goods;
rendering of services
Branch accounts
1
47
CAF-6
To provide basic knowledge in the understanding of objectives of taxation and core areas of Income Tax
Ordinance, 2001, Income Tax Rules 2002 and Sales Tax Act 1990 and Sales Tax Rules.
Learning Outcome
The candidate will be able to:
1
understand and explain provisions of income tax law mainly relevant to individuals and association
of persons
understand and explain sales tax law relevant to operational level tasks.
Grid
Weighting
8-12
Income tax
60-70
Sales tax
20-30
Total
Syllabus
Ref
A
Contents
Level
100
Learning Outcome
Objectives
Basic concepts
Historical background
48
Syllabus
Ref
Contents
Constitutional provisions
Level
Learning Outcome
Ethics
49
Syllabus
Ref
4
Contents
Tax evasion and avoidance
Level
Learning Outcome
Income Tax
1
50
Syllabus
Ref
Contents
Level
Learning Outcome
10
11
12
13
14
Sales Tax
a
51
Syllabus
Ref
2
Contents
Chapter II Scope and payment of tax
Level
Learning Outcome
Chapter V Returns
52
CAF-7
prepare financial statements in accordance with the relevant law of the country and in compliance
with the reporting requirements of the international pronouncements
account for transactions relating to tangible and intangible assets including transactions relating to
their common financing matters
understand the implications of contingencies; changes in accounting policies and estimates; errors
and events occurring after reporting period
demonstrate knowledge of basic ethical issues in preparation and reporting of financial information
Grid
Weighting
Final Accounts
8-12
10-20
Accounting for tangible and intangible assets, leases and borrowing cost
25-35
Provisions and contingencies; changes in accounting policies and estimates; errors and
events occurring after reporting period; and taxation
25-35
Ethics
5-10
Financial analysis
5-10
Total
Syllabus
Ref
Contents
100
Level
Learning Outcome
53
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.1.3: Prepare and present the
following in accordance with the
disclosure requirements of IAS1,
Companies ordinance, fourth schedule /
fifth schedule
B
1
goodwill; or
54
Syllabus
Ref
Contents
Level
Learning Outcome
Recognition, de-recognition,
measurement, depreciation /
amortization and measurement after
recognition of non-current assets (IAS 16
and IAS 38)
55
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.1.2: Distinguish between provisions,
contingent liabilities or contingent assets
LO4.1.3: Understand and apply the
recognition and de-recognition criteria for
provisions
LO4.1.4: Calculate/ measure provisions
such as warranties/guarantees,
restructuring, onerous contracts,
environmental and similar provisions,
provisions for future repairs or
refurbishments
LO4.1.5: Account for changes in
provisions
LO4.1.6: Disclosure requirements for
provisions.
56
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.4.2: Determine amounts to be
recognised in respect of temporary
differences
Ethics
1
Financial analysis
1
Gross profit
Return on equity
Return on assets
Debt-equity ratio
Inventory turnover
Debtor turnover
Creditor turnover
57
CAF-8
To equip candidates with techniques of cost accounting to provide a knowledge base for decision making
skills..
Learning Outcome
On the successful completion of this paper candidates will be able to:
1
establish the costs associated with the production of products and provision of services
Grid
Weighting
15-20
Costing system
20-30
10-15
Decision making
20-25
Financial instruments
5-10
5-10
Sustainability reporting
5-10
Total
Syllabus
Ref
Contents
Level
2
100
Learning Outcome
LO1.1.1: Apply inventory valuation
methods ( namely, FIFO, weighted
average, lower of cost and net realizable
value) in simple scenarios
LO1.1.2: Comment on the suitability of
inventory valuation under FIFO, weighted
average, lower of cost and net realizable
value
LO1.1.3: Compare inventory valuation
under FIFO, weighted average, lower of
cost and net realizable value
LO1.1.4: Calculate NRVs of inventories in
a given scenario.
58
Syllabus
Ref
2
Contents
Economic Order Quantity
Level
2
Learning Outcome
LO1.2.1: Describe the economic order
quantity (EOQ) and apply the concept in
given scenarios
LO1.2.2: Calculate the EOQ from data
provided.
Safety stock
Re-order level
59
Syllabus
Ref
Contents
Costing systems
1
Marginal costing
Level
2
Learning Outcome
LO2.1.1: Explain the concept of marginal
costing and apply on given data
LO2.1.2: Explain how marginal costing
helps managerial decisions using
examples.
Absorption costing
Process costing
Standard costing
60
Syllabus
Ref
Contents
Level
Learning Outcome
10
Target costing
61
Syllabus
Ref
Contents
Decision making
Level
Learning Outcome
Opportunity cost
Relevant cost
Breakeven analysis
Divisibility
Liquidity
Holding period
62
Syllabus
Ref
Contents
Level
Learning Outcome
LO5.1.4: Differentiate between
investment and speculation using simple
examples
LO5.1.5: Describe using simple examples
cap, floor, collar, swaps, forwards.
Sustainability reporting
1
63
CAF-9
To acquire knowledge of theory, skills, techniques of auditing and to enable the students to understand
International Standards on Auditing, Assurance and Ethics.
Learning Outcome
On the successful completion of this paper candidates will be able to:
1
understand the requirement and application guidelines relating to some of the specific areas of
audit procedures including external confirmation, review of subsequent events etc.
demonstrate familiarity with computer programming and IT controls relevant to financial reporting
respond on audit matters in the light of fundamental principles given in the code of ethics.
Grid
Weighting
15-20
25-35
Specific areas
20-25
10-15
Professional Ethics
10-15
Total
Syllabus
Ref
A
Contents
Level
100
Learning Outcome
64
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.3.3: Describe the concepts of
assurance and levels of assurance
i.e. absolute, reasonable and limited
assurance including elements of an
assurance engagement, assurances
provided by audit and review
engagement
LO1.3.4: Explain the requirements of an
external audit, eligibility and ineligibility
of auditor
LO1.3.5: Describe the rights and duties of
auditors
LO1.3.6: Explain the nature and scope
of an audit designed to enable the
independent auditor to meet those
objectives
LO1.3.7: Outline the requirements
establishing the general responsibilities of
the independent auditor applicable in all
audits including consideration of inherent
limitations of an audit
LO1.3.8 Discuss the concept of
professional scepticism.
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.6.3: Explain the procedure of
resignation of auditors
LO1.6.4: Describe qualification and
disqualification of the auditor
LO1.6.5: Describe the powers and duties
of auditors
LO1.6.6:Decribe the concept of audit of
cost accounts
LO1.6.7: Discuss the additional matters to
be included in the auditors report
LO1.6.8: Discuss the auditors
responsibilities with respect to
attendance at general meeting and access
to books and records.
66
Syllabus
Ref
2
Contents
Assessment of audit risks (ISA 315 and
330)
Level
2
Learning Outcome
LO2.2.1: Discuss the risk based approach
to auditing including audit risk model
LO2.2.2: Identify the inherent risk, control
risk and detection risk in simple scenario
LO2.2.3: Explain relationship between
audit risk and its components i.e.
inherent risk, control risk and detection
risk
LO2.4.: Discuss the identification and
assessment of the risks of material
misstatement at both the financial
statement level and assertion level,
including understanding of entity, its
environment, accounting and internal
control systems
LO2.2.5: Explain the elements of internal
control
LO2.2.6: Discuss the evaluation of
controls and control environment and
communication of deficiencies to the
management
LO2.2.7: Explain the categories of control
activities (internal controls) by using
simple examples including Application
and General IT Controls
LO2.2.8: Differentiate between control
activities relevant and irrelevant to audit
in a well explained scenario
LO2.2.9: Explain and identify the control
weaknesses in the given scenario and
suggest appropriate recommendations to
remove these weaknesses
LO2.2.10: Discuss and explain the
limitations of internal control system
LO2.2.11: Discuss and explain the risks in
specialized IT systems
LO2.2.12: Explain the different methods
of recording internal control systems.
67
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.4.3: Discuss audit procedures to
obtain audit evidence including types of
audit procedures
LO2.4.4: Discuss the course of action
available to auditor in case sufficient
appropriate audit evidence is not
obtained
LO2.4.5: Explain the financial statement
assertions including Assertions about
class of transactions, account balances
and presentation and disclosure
LO2.4.6: Explain what information can be
used as audit evidence.
68
Syllabus
Ref
7
Contents
Tests of controls (ISA 330)
Level
2
Learning Outcome
LO2.7.1: Explain the nature, extent and
timing of test of controls using simple
examples
LO2.7.2: Explain the concept of Computer
Assisted Audit Techniques
LO2.7.3: Explain how auditors evaluate
the operating effectiveness of controls
using simple examples
LO2.7.4: Explain the controls over major
transaction cycles including related
risks, weaknesses control objectives and
designing appropriate tests of controls.
10
69
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.1.0.6: Explain the differences
between auditors report under
International Standards on Auditing and
under the Companies Ordinance 1984
LO2.10.7: State the penalty for noncompliance with provisions related to the
audit report.
Specific areas
1
70
Syllabus
Ref
Contents
Level
Learning Outcome
71
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.5.4: Explain the internal audit
function including internal audit activities
LO3.5.5: Discuss the factors determining
the independence of internal auditors
and weaknesses and limitations of
internal audit
LO3.5.6: Discuss how external auditors
determine whether and to what extent
they use the work of internal audit
LO3.5.7: Discuss using examples how
external auditors uses the specific work of
internal audit
LO3.5.8: Discuss how the auditor assesses
the work of an expert
LO3.5.9: Discuss how the external auditor
uses the work of an auditors expert when
that work is used to assist in obtaining
sufficient appropriate audit evidence.
Types of flowcharts
Control design
72
Syllabus
Ref
Contents
Level
Learning Outcome
General controls
Audit trails
10
11
12
Professional Ethics
1
73
Syllabus
Ref
Contents
Level
Learning Outcome
LO5.1.4: Discuss the safeguards to
offset the threats to compliance with the
fundamental principles
LO5.1.5: Discuss the concept of ethical
conflict resolution.
74
PCSC 01
PRESENTATION AND COMMUNICATION SKILLS COURSE - I
50 Hours Course to be completed in any RAET or recognized institutes
Learning outcomes of the Course
S. No.
1
Skills
Weighting
Intellectual
Demonstrate openness and objectivity in giving and receiving
feedback.
10
60
10
20
Total
100
Methodology
Method
Numbers
Hours
10
12
6
2
24
3
5
8
50
75
PCSC-02
PRESENTATION AND COMMUNICATION SKILLS COURSE - II
50 Hours Course to be completed in any RAET or recognized university
Learning outcomes of the Course
S. No.
1
Skills
Weighting
Intellectual
Demonstrate openness and objectivity in giving and receiving
feedback.
50
10
Ethical principles
Apply the fundamental ethical principles, namely, integrity,
objectivity, professional competence and due care,
confidentiality and professional behavior to respond to ethical
dilemmas.
10
Total
100
Methodology
Minimum
Numbers
Minimum Hours
12
12
8
2
24
4
5
Method
50
76