Audit and Assurance – Revision

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?

  • How to Approach Section A Questions
  • How to Answer Audit Risk Questions
  • How to Answer Internal Control Questions
  • How to Write Specific and Bespoke Audit procedures
  • How to Mark and Review your own answers

Course Content

A. AUDIT FRAMEWORK AND REGULATION
In this Topic we Revise concept of audit and Assurance engagements, corporate governance and professional Ethics

  • Assurance, Fundamental Principles of Ethics, Corporate governance
    33:13
  • OTC QUESTIONS – SECTION A. AUDIT FRAMEWORK. Q1 – Q5
    13:21
  • OTC QUESTIONS – SECTION A. AUDIT FRAMEWORK. Q6 – Q10
    15:26
  • OTC QUESTIONS – SECTION A. AUDIT FRAMEWORK. Q11 – Q15
    15:35

B. PLANNING AND RISK ASSESSMENT
In this Topic you will Revise Acceptance and Continuance of Audit engagements, Audit planning and Documentation, Audit Risk and its impact on Audit process

C. INTERNAL CONTROL
In this Topic you will learn how to answer Control deficiency vs Control recommendation questions, Direct Control vs Test of control questions and Section A OTC questions

D. AUDIT EVIDENCE
In this Topic you will learn how to write appropriate, bespoken audit procedures

Past Paper Sep-December 2022

Past Paper March-June 2023

Past Paper Sep-Dec 2023

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