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. 

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Average completion time

1 Month
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Blended Learning

Study At Your Own Pace

Course 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

    This course is designed for individuals seeking foundational auditing skills to enhance their accounting knowledge and career prospects in finance: 

    • Junior Accountants 

    • Auditing Assistants 

    • Bookkeepers 

    • Trainee Auditors 

    • Finance Officers 

    • Compliance Analysts 

    • Financial Administrators 

Course content

    Module 1: Purpose and scope of audit and regulatory framework 

    • 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
       

     Module 2: Audit planning and risk assessment

    • Audit risk

    • Understanding the entity and its environment and the applicable financial reporting framework

    •  Audit strategy and the audit plan

    • Audit documentation
       

    Module 3 Internal control 

    • General principles of internal control 

    • Techniques to understand, record and evaluate accounting systems 

    • Tests of controls 

    • Communicating control deficiencies 
       

    Module 4: Audit evidence and procedures 

    • Audit evidence

    • Audit procedures and assertions 

    • Substantive procedures 

    • Audit sampling 

    • Automated tools and techniques 
       

    Module 5: Audit completion 

    • Going concern

    • Subsequent events 

    • Written representations 

    • Independent Auditor’s Report
       

    Module 7: 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 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

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.

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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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Course Schedule

Course Schedule