1. Evaluate the purpose, nature and limitations of audits of general purpose financial statements and related regulation. 2. Apply International Standards on Auditing or other relevant auditing standards, laws, and regulations applicable to an audit of general-purpose financial statements. 3. Critically evaluate elements of the audit risk model and make informed decisions as to the appropriate audit strategy to be implemented, including the nature, timing, and extent of audit procedures. 4. Apply methods that are used in audit engagements to inform judgements, make decisions and reach well-reasoned conclusions relevant to the sufficiency and appropriateness of audit evidence. 5. Synthesise complex information related to audit evidence to determine the appropriate audit opinion to be issued, including relevant disclosures as appropriate. 6. Demonstrate a comprehensive understanding of threats to compliance with the fundamental ethics principles and their application and remediation in a variety of auditing contexts. 7. Communicate clearly and concisely when presenting and discussing knowledge and ideas related to auditing professional practice in formal and informal situations. 8. Communicate complex auditing advice and ideas in writing to influence specialists and non-specialists.