AA – Audit and Assurance

Categories: ACCA, Applied Skills
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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.

What Will You Learn?

  • 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

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.

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

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

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

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

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.

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