# Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC (Text with EEA relevance), Article 8: Test of theoretical knowledge

Extent: E+W+S+N.I.

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;
(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.
3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/eudr/2006/43/article/8 (the official version)
Page: https://openlegislation.uk/eu-directive-2006-43/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.