Audit and Assurance (AA)

• Educational Background: No prior auditing experience is required; however, a basic understanding of accounting principles and financial statements is recommended to ensure smoother progression.
   

• Language Proficiency: Learners should have a strong command of English, as all course materials, assessments, and discussions will be conducted in English.
   

• Interest in Auditing: This course is ideal for individuals interested in auditing and assurance services, particularly those aiming to progress to ACCA qualifications or enhance their auditing expertise.

• Master Auditing Techniques: Gain a comprehensive understanding of auditing processes, including risk assessments, testing, and reporting, ensuring the accuracy and integrity of financial statements.
   

• Develop Assurance Services Expertise: Learn to evaluate and verify the financial health of organisations by performing assurance engagements and identifying potential areas of risk.
   

• Build Regulatory Compliance Knowledge: Acquire skills to adhere to auditing standards and ethical guidelines while ensuring compliance with regulatory frameworks in audit and assurance practices.
   

• Prepare for Advanced Auditing Careers: Lay a strong foundation for progressing to higher-level ACCA qualifications and developing a career in audit and assurance services.

The Audit and Assurance (AA) Course is designed for individuals looking to build their expertise in auditing and assurance practices. This course is ideal for professionals and learners seeking to enhance their skills in audit procedures, regulatory compliance, and risk assessment. Below are the professionals and learners who can benefit from this course:

• Audit Associate

• Internal Auditor

• External Auditor

• Risk and Compliance Officer

• Accounting Technician

• Financial Auditor

• Assurance Analyst

• Graduates aiming to pursue a career in auditing and assurance

Audit and Assurance (AA) Course Outline

Module 1: Audit Framework and Regulation 

• Concept of Audit and Other Assurance Engagements 
• External Audits 
• Corporate Governance 
• Professional Ethics and ACCA’s Code of Ethics and Conduct 

Module 2: Planning and Risk Assessment 

• Obtaining, Accepting and Continuing Audit Engagements 
• Objective and General Principles 
• Assessing Audit Risks 
• Understanding the Entity and its Environment and the Applicable Financial Reporting Framework 
• Fraud, Laws and Regulations 
• Audit Planning and Documentation 
  
  

Module 3: Internal Control 

• Systems of Internal Control 
• Use and Evaluation of Systems of Internal Control by Auditors 
• Tests of Controls 
• Communication on Internal Control 
• Internal Audit and Governance and the Differences Between External Audit and Internal Audit 
• Scope of the Internal Audit Function, Outsourcing and Internal Audit Assignments 

Module 4: Audit Evidence 

• Assertions and Audit Evidence 
• Audit Procedures 
• Audit Sampling and Other Means of Testing 
• Audit of Specific Items 
• Automated Tools and Techniques 
• Work of Others 
• Not-for-Profit Organisations 

Module 5: Review and Reporting 

• Subsequent Events 
• Going Concern 
• Written Representations 
• Audit Finalisation and the Final Review 
• Independent Auditor’s Report 
  
  

Module 6: Employability and Technology Skills

• Use Computer Technology to Efficiently Access and Manipulate Relevant Information 
• Work on Relevant Response Options Using Available Functions and Technology as Required in the Workplace 
• Navigate Windows and Computer Screens to Create and Amend Responses to Exam Requirements Using the Appropriate Tools 
• Present Data and Information Effectively Using the Appropriate Tools