ACCA: AA(F8) Complete Audit & Assurance Course (Exam Focus)

A) Explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct.B) Demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assess risk of m. misstatementC) Describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control risks.D) Identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements the application of ISAE) Explain how consideration of subsequent events, going concern principle can inform the conclusions from audit work and are reflected in auditor’s reportThe Audit and Assurance (AA) course is essentially divided into six sections. The course starts with the nature, purpose, and scope of assurance engagements, including the statutory audit, and its regulatory environment, and introduces governance and professional ethics relating to audit and assurance.It then leads to audit planning the audit and performing a risk assessment. The course then covers a range of areas relating to an audit of financial statements including the scope of internal control and the role and function of internal audit. These include the evaluation of internal controls, audit evidence, and a review of the financial statements.In addition to final review procedures, the course concentrates on reporting, including the form and content of the independent auditor’s report.The AA exam is assessed by a three-hour computer-based examination. All questions are compulsory. The exam will contain both computational and discursive elements. Some questions will adopt a scenario/case study approach. Prior to the start of the exam, candidates are given an extra 10 minutes to read the exam instructions.Section A———–Section A of the exam comprises three 10 mark case-based questions. Each case has five objective test questions worth 2 marks each.Section B———-Section B of the exam comprises one 30 mark question and two 20 mark questions.Section B of the exam will predominantly examine one or more aspects of audit and assurance from planning and risk assessment, internal control, or audit evidence, although topics from other syllabus areas may also be included.Total 100 marksWho this course is for:ACCA StudentsAudit StaffUndergraduate studentsAnyone wants to learn about audit