ACCA Applied Skills

AA – Audit and Assurance

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48 Enrolled

About Course

You’ll develop knowledge and understanding of the process of carrying out the assurance engagement (External Audit) and its application in the context of the professional regulatory framework.

Understand the Purpose of Audits:
Learn why audits are essential for businesses and how they help ensure the accuracy and reliability of financial statements
Explore the stages of an audit, including planning, fieldwork, and reporting. Understand the responsibilities of auditors at each phase.
Learn the methods used by auditors to collect evidence, assess risk, and evaluate internal controls.
Explore various types of audits, including internal audits, external audits, and assurance services. Understand the difference between audits for profit-oriented and not-for-profit organizations.

Course Content

Introduction to AA – Audit and Assurance
This session covers the structure of the AA exam, key topics to focus on, and a brief introduction to myself and my experience. We’ll also review the AA syllabus and highlight essential areas for exam preparation

Meet your Instructor, Javokhirbek Muminov, ACCA

50:31

Audit and Other Assurance Engagements
This session introduces the key concepts of audit and assurance, covering the purpose of audit, their role in financial reporting, and the responsibilities of auditors. We’ll also explore the audit process, including planning, evidence gathering, and reporting, with practical examples.

Professional Code of Ethics and Conduct
This session covers the five fundamental principles of ethics, along with common threats to objectivity and the safeguards to address them.

Professional Ethics and Code of Conducts

01:43:24
AATMJ03 – Professional Code of Ethics and Conduct – Quiz

00:00
Revision. AATMJ03 – Professional Code of Ethics and Conduct – Quiz

09:07
AATMJ04 – Ethics – Quiz

00:00
Revision. AATMJ04 – Ethics – Quiz

26:36
Conflict of Interest

06:57
Exam Approach. How to Answer Ethical Threat and Safeguard questions

27:29
How to Use CBE Practise Platform

03:58
Ethical issues – Assignment
Module answer. Ethical issues – Assignment

27:21
Ethics – Assignment (This assignment will be marked)

Corporate Governance
This session explores the importance and objectives of corporate governance principles, along with an overview of the corporate governance code.

Corporate Governance, Nomination & Remuneration & Audit committee

01:04:18
AATMJ05 – Corporate Governance – Quiz

00:00
Revision. AATMJ05 – Corporate Governance – Quiz

19:14
AATMJ06 – Corporate Governance – Quiz

00:00
Revision. AATMJ06 – Corporate Governance – Quiz

21:16
Exam Approach. How to Answer Corporate Governance deficiency questions

23:16
How to Use CBE Practise Platform

03:58
Corporate governance and its impact on audit practice – Technical Article
Corporate Governance – Assignment
Module answer. Corporate Governance – Assignment

21:31
Corporate Governance – Assignment (This assignment will be marked)

Audit Planning and Risk Assessment
This chapter covers syllabus areas: - Importance of audit planning - Risk assessment and its effect on final audit

Auditor Appointment and Acceptance of Engagement

34:20
Auditor appointment and Acceptance – Quiz
Quality Management Procedures

18:19
Exam Approach. How to Answer to Quality Management Deficiency questions

26:56
Audit Risk and its components

39:58
Exam Approach. How to Answer to Audit Risk questions

46:43
AATMJ09 – Audit Risk – Quiz

00:00
Risk and Understanding the Entity – Technical Article
Audit Risk – Hart Co – Assignment
Module answer – Audit Risk – Hart Co – Assignment

01:12:49
Audit Risk – Technical Article
Audit Risk (Peach Co) – Assignment
Audit Planning and its benefits

31:56
AATMJ10 – Audit Planning – Quiz

00:00
Fraud and Error & Laws and Regulations

35:13
Fraud and Errors & Law and Regulations – Quiz
Laws and Regulations – Technical Article
Audit Documentation

26:10
Audit Documentation – Quiz
Audit Documentation – Working Papers – Technical Article

Internal Control
In this Topic you will learn why an auditor needs to obtain an understanding of the components of internal control relevant to the preparation of the financial statements

Systems of Internal Control

36:51
Documenting Internal Control systems

20:28
Communicating control deficiencies

07:10
Internal Control – Quiz

00:00
Sales System

18:23
Exam Approach. How to Answer to Control Deficiency and Control Recommendation questions (Sales System)

01:28:40
Control Objectives & Control Procedures & Test of Control

14:17
Control Deficiency & Control Recommendations

01:28:40
Purchase System

16:59
Payroll System

16:19
Exam Approach. How to Answer to Direct Control and Test of Control questions (Payroll system)

01:28:40
Purchase of Non-current assets System: Authorisation and Genuine Business use

13:51
Inventory System

11:39
Bank and Cash System

14:58
Internal Audit
AATMJ07 – Internal Audit – Quiz

00:00
AATMJ08 – Internal Audit – Quiz

00:00

Audit Evidence
In this Topic you will Learn how to collect sufficient appropriate audit evidence performing Substantive procedures over transactions, balances and disclosures.

Audit Evidence. Assertions

01:27:11
Exam Approach. Latte Co. Substantive procedures

57:34
The audit of specific items: Tangible Non-current assets

19:43
The audit of specific items: Revaluation of Tangible Non-current assets

06:43
The audit of specific items: Additions of Tangible Non-current assets

10:43
The audit of specific items: Depreciation of Tangible Non-current assets

10:50
The audit of specific items: Disposal of Tangible Non-current assets

05:54
The audit of specific items: Intangible Non-current assets

00:00
The audit of specific items: Research and Development

00:00
The audit of specific items: Receivables

00:00
The audit of specific items: Payables and accruals

00:00
The audit of specific items: Inventory

00:00
The audit of specific items: Bank and cash

00:00
The audit of specific items: Non-current liabilities

00:00
The audit of specific items: Provisions, Contingent Liabilities and Contingent assets

00:00
The audit of specific items: Share capital, Reserves and Director’s Remuneration

00:00
The audit of specific items: Sales Revenue and Purchases

00:00
The audit of specific items: Payroll

00:00

Review and Reporting
In this Topic you will learn how to finalise audit, final review, going concern procedures, and structure of Audit Report

Weekly Revisions
In Here I am sharing Weekly Revision classes conducted.

Instructors

Javohirbek Mo'minov

Internal Auditor | Financial Manager | ACCA Tutor

0.0

100 Students

6 Courses

Ish joyi: Adler Group & Havas Food
Lavozimi: Internal Auditor
Shaxsiy sertifikatlari soni: 13 ta
ACCA: Member
O'quvchilarining imtihondan o'tish foiz (oxirgi 5 session): 90%
Top 5 o'quvchisi: 97, 93, 90, 88, 86

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Free

Enrollment validity: 90 days

Level Intermediate
Total Enrolled 48
Last Updated December 28, 2024
Certificate Certificate of completion

AA – Audit and Assurance

About Course

What Will You Learn?

Material Includes

Requirements

Audience

Course Content

Introduction to AA – Audit and Assurance This session covers the structure of the AA exam, key topics to focus on, and a brief introduction to myself and my experience. We’ll also review the AA syllabus and highlight essential areas for exam preparation

AATMJ01 – Introduction to Assurance – Quiz

Professional Code of Ethics and Conduct This session covers the five fundamental principles of ethics, along with common threats to objectivity and the safeguards to address them.

Professional Ethics and Code of Conducts

AATMJ03 – Professional Code of Ethics and Conduct – Quiz

Revision. AATMJ03 – Professional Code of Ethics and Conduct – Quiz

AATMJ04 – Ethics – Quiz

Revision. AATMJ04 – Ethics – Quiz

Conflict of Interest

Exam Approach. How to Answer Ethical Threat and Safeguard questions

How to Use CBE Practise Platform

Ethical issues – Assignment

Module answer. Ethical issues – Assignment

Ethics – Assignment (This assignment will be marked)

Corporate Governance This session explores the importance and objectives of corporate governance principles, along with an overview of the corporate governance code.

Corporate Governance, Nomination & Remuneration & Audit committee

AATMJ05 – Corporate Governance – Quiz

Revision. AATMJ05 – Corporate Governance – Quiz

AATMJ06 – Corporate Governance – Quiz

Revision. AATMJ06 – Corporate Governance – Quiz

Exam Approach. How to Answer Corporate Governance deficiency questions

How to Use CBE Practise Platform

Corporate governance and its impact on audit practice – Technical Article

Corporate Governance – Assignment

Module answer. Corporate Governance – Assignment

Corporate Governance – Assignment (This assignment will be marked)

Audit Planning and Risk Assessment This chapter covers syllabus areas: - Importance of audit planning - Risk assessment and its effect on final audit

Auditor Appointment and Acceptance of Engagement

Auditor appointment and Acceptance – Quiz

Quality Management Procedures

Exam Approach. How to Answer to Quality Management Deficiency questions

Audit Risk and its components

Exam Approach. How to Answer to Audit Risk questions

AATMJ09 – Audit Risk – Quiz

Risk and Understanding the Entity – Technical Article

Audit Risk – Hart Co – Assignment

Module answer – Audit Risk – Hart Co – Assignment

Audit Risk – Technical Article

Audit Risk (Peach Co) – Assignment

Audit Planning and its benefits

AATMJ10 – Audit Planning – Quiz

Fraud and Error & Laws and Regulations

Fraud and Errors & Law and Regulations – Quiz

Laws and Regulations – Technical Article

Audit Documentation

Audit Documentation – Quiz

Audit Documentation – Working Papers – Technical Article

Internal Control In this Topic you will learn why an auditor needs to obtain an understanding of the components of internal control relevant to the preparation of the financial statements

Systems of Internal Control

Documenting Internal Control systems

Communicating control deficiencies

Internal Control – Quiz

Sales System

Exam Approach. How to Answer to Control Deficiency and Control Recommendation questions (Sales System)

Control Objectives & Control Procedures & Test of Control

Control Deficiency & Control Recommendations

Purchase System

Payroll System

Exam Approach. How to Answer to Direct Control and Test of Control questions (Payroll system)

Purchase of Non-current assets System: Authorisation and Genuine Business use

Inventory System

Bank and Cash System

Internal Audit

AATMJ07 – Internal Audit – Quiz

AATMJ08 – Internal Audit – Quiz

Audit Evidence In this Topic you will Learn how to collect sufficient appropriate audit evidence performing Substantive procedures over transactions, balances and disclosures.

Audit Evidence. Assertions

Exam Approach. Latte Co. Substantive procedures

The audit of specific items: Tangible Non-current assets

The audit of specific items: Revaluation of Tangible Non-current assets

The audit of specific items: Additions of Tangible Non-current assets

The audit of specific items: Depreciation of Tangible Non-current assets

The audit of specific items: Disposal of Tangible Non-current assets