Learning Options
- Live Interactive Sessions
- Dedicated 1-to-1 Tutor Support (30-min Weekly)
- Expert Trainers with Industry Experience
- Flexible Schedule
- Networking Opportunities
- High Pass Rates
- 24/7 Personalised Support
- Online Video-Based Learning
- Flexible Schedule
- Expert Trainers with Industry Experience
- High Pass Rates
- 24/7 Personalised Support
- Interactive Learning Materials
Overview
Understanding audit processes is essential for ensuring financial transparency and accountability. This course equips learners with the fundamental principles of auditing, including risk assessment and controls, building a strong foundation for pursuing advanced auditing qualifications or roles in financial management.
This course is designed for aspiring Auditors, Accountants, or Professionals seeking to enhance their financial skills. It helps learners strengthen their career prospects by providing essential auditing knowledge, fostering confidence in applying audit practices effectively.
This course, provided by MPES, is part of the ACCA Foundation Suite and is ideal for those beginning their journey in accounting and finance. It offers critical insights into auditing concepts, helping learners gain a deeper understanding of assurance and financial control processes while enhancing employability in competitive industries.
Course Objectives
Develop a solid understanding of audit objectives.
Learn fundamental audit processes and techniques.
Understand the importance of internal controls.
Explore methods for assessing and mitigating risk.
Gain insight into compliance and professional ethics.
Strengthen knowledge of financial reporting standards.
Prepare for ACCA Applied Knowledge courses.
By completing this course, learners will understand the principles of auditing, risk management, and assurance practices, enabling them to apply this knowledge effectively in accounting roles or pursue advanced ACCA qualifications.
Average completion time
1 Monthwith unlimited support
100% onlineStart anytime
Study At Your Own PaceBlended Learning
Study At Your Own PaceCourse Includes
- Expert-led Sessions
- Digital Delegate Pack
- 24/7 Tutor Support
- Downloadable Resources & Challenges
- Interactive Learning
- Exercise Files
- Scenario-Based Learning
Course Details
Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.
Entry Requirements
Educational Background: No prior accounting experience is required; however, a basic understanding of mathematics and auditing concepts is recommended for smoother progression.
Language Proficiency: Learners should have a good command of English, as all course materials, assessments, and discussions are conducted in English.
Interest in Accounting: This course is ideal for individuals with a keen interest in building foundational accounting knowledge and pursuing further ACCA qualifications.
Learning Outcomes
Understand Fundamental Auditing Principles: Grasp core auditing concepts to apply them effectively in financial and organisational contexts for improved accountability.
Develop Risk Assessment Skills: Learn to identify and evaluate financial risks, enhancing your ability to implement effective internal control measures.
Apply Auditing Techniques and Procedures: Acquire practical knowledge of audit processes to perform audits and ensure compliance with financial reporting standards.
Enhance Career Prospects in Accounting and Finance: Build a strong foundation for pursuing advanced ACCA qualifications, improving opportunities in the accounting profession.
Target Audience
Junior Accountants
Auditing Assistants
Bookkeepers
Trainee Auditors
Finance Officers
Compliance Analysts
Financial Administrators
This course is designed for individuals seeking foundational auditing skills to enhance their accounting knowledge and career prospects in finance:
Course content
The purpose and scope of an audit
Auditor responsibilities
Professional ethics and ACCA’s Code of Ethics and Conduct
Auditor engagement and liability
Audit regulation
Internal audit
Audit risk
Understanding the entity and its environment and the applicable financial reporting framework
Audit strategy and the audit plan
Audit documentation
General principles of internal control
Techniques to understand, record and evaluate accounting systems
Tests of controls
Communicating control deficiencies
Audit evidence
Audit procedures and assertions
Substantive procedures
Audit sampling
Automated tools and techniques
Going concern
Subsequent events
Written representations
Independent Auditor’s Report
Use computer technology to efficiently access and manipulate relevant information
Work on relevant response options, using available functions and technology as would be 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
Module 1: Purpose and scope of audit and regulatory framework
Module 2: Audit planning and risk assessment
Module 3 Internal control
Module 4: Audit evidence and procedures
Module 5: Audit completion
Module 7: Employability and technology skills
MPES Support That Helps You Succeed
At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.
- MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
- Get expert guidance from tutors available online to assist with your studies.
- Check your eligibility for exemptions with the relevant professional body before starting.
- Our supportive team is here to offer study advice and support throughout your course.
- Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.
ACCA Salary Growth
Career Growth Stories
MPES Learning offers globally recognised courses in accounting,
Arvy Pasanting
As a qualified accountant, studying with MPES has been very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just at excel in my current role as an auditor, but also inspired me to expand my horizons.
Arvy PasantingDavid Ford
I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising both their “in class” and online learning opportunities that fit around the needs of my employer.
David FordAaron Allcote
As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.
Aaron AllcoteBob Beaumont
I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.
Bob BeaumontGeorge Evans
The Financial Risk Management Course at MPES was invaluable in deepening my understanding of risk assessment and mitigation strategies. The hands-on learning approach allowed me to apply new concepts directly to my work. I highly recommend it for professionals in finance.
George EvansJames Robinson
As a financial consultant, I am always seeking ways to enhance my expertise. The Investment Analysis Course at MPES exceeded my expectations, offering practical skills and knowledge that I can apply immediately in my consulting work. It's an outstanding choice for professionals in finance.
James RobinsonLaura Bennett
The Corporate Finance Course I attended at MPES was transformative. The depth of knowledge shared by the instructors and the relevance of the topics covered have directly impacted on our financial strategy. I strongly endorse this program for anyone in a leadership position in finance.
Laura BennettEmma Johnson
The Financial Modeling and Valuation Course at MPES was incredibly insightful. The practical applications and real-world examples helped solidify my understanding of complex concepts. I highly recommend this course to anyone looking to enhance their financial acumen.
Emma JohnsonACCA Roadmap
Have Questions? We’ve Got You
If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.
Q. What is the ACCA Foundation - Foundations in Audit (FAU) course about?
The FAU course provides a
comprehensive introduction to auditing principles, covering essential concepts
like risk assessment, audit procedures, and financial compliance.
Q. Who can benefit from the Foundations in Audit (FAU) course?
This course is ideal for individuals starting their careers in auditing or accounting and those looking to enhance their knowledge of audit practices within an organisation.
Q. How does this course support professional development?
The course equips delegates with practical skills and knowledge of auditing standards, enabling them to contribute effectively to financial accuracy and organisational compliance.
Q. What topics are covered in the Foundations in Audit (FAU) course?
The course covers areas such as the
role of audits, risk management, audit planning, compliance with standards, and
the ethical responsibilities of an auditor.
Q. Why is the Foundations in Audit (FAU) course important for my career?
It helps delegates build a solid
foundation in auditing, which is essential for maintaining financial
transparency, improving organisational governance, and advancing in
audit-related roles.
Q. What topics are covered in the Foundations in Audit course?
This course covers key auditing principles, including risk assessment, internal controls, auditing techniques, and compliance with financial reporting standards. Learners will gain a comprehensive understanding of audit procedures, the role of auditors, and assurance practices. The content is designed to build a solid foundation in auditing, supporting career growth and further qualifications in accounting and finance.
Q. How will this course benefit my career in finance?
Foundations in Audit provides essential auditing skills that can improve your employability and open career opportunities in finance and accounting. By developing a solid understanding of audit procedures, learners can perform better in roles that require accountability and compliance, making them more competitive for advanced positions or qualifications within the financial sector.
Q. Is this course suitable for beginners in accounting?
Yes, Foundations in Audit is ideal for beginners. It introduces essential auditing principles without requiring prior experience, making it accessible to those new to accounting or auditing. The course content has been carefully designed to provide fundamental knowledge, helping learners confidently apply auditing practices in their current or future roles.
Q. What learning methods are used in this course?
The course is delivered using a combination of interactive content, practical examples, and case studies. These methods ensure that learners not only understand the theoretical aspects of auditing but also know how to apply these skills in real-life financial situations. This balanced approach helps learners fully grasp auditing concepts and processes.
Q. Will this course help me progress to ACCA Applied Knowledge subjects?
Yes, Foundations in Audit lays the groundwork for learners who wish to advance to ACCA Applied Knowledge subjects. It provides a strong understanding of auditing concepts that are relevant to higher-level ACCA qualifications, supporting a seamless transition to more advanced learning. This course is a great step for learners aiming to expand their accounting expertise.
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Resources
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