In ACCA AA Audit and Assurance (formerly F8) you will study the process of carrying out assurance engagement and its application in the context of the professional regulatory framework.
About the Lecturer
Terry Lawless is a member of the Association of Chartered Certified Accountants (ACCA) and has extensive Financial Services experience; having worked for leading Irish financial institutions for many years.
He also has considerable lecturing experience having delivered various papers in both professional and undergraduate qualifications with a number of Approved Learning Partners.
Why choose PAT for your ACCA exam preparation?
Discounts on Multiple Course Bookings
We offer discounts on multiple course bookings; book one full course and get the 2nd half price, book two full courses and get a 75% discount on the 3rd, book three full courses and get the 4th free. If you are a repeat student, you can avail of a discounted rate; €450 for full F course, €690 for full P course (proof of recent exam sitting result is required).
In order to avail of discounts, subjects must be taken at the same sitting.
ACCA AA Audit and Assurance Syllabus & Exam
The aim of ACCA AA Audit and Assurance (formerly F8) is to develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.
Objective of the Syllabus
- Explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct, describing the scope and distinguishing between the functions of internal and external audit
- Demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements
- Describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control risks and their potential consequences, making appropriate recommendations
- Identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards on Auditing (ISAs)
- Explain how consideration of subsequent events and the going concern principle can inform the conclusions from audit work and are reflected in different types of auditor’s report, written representations and the final review and report.
The ACCA AA Audit and Assurance syllabus is assessed by a three-hour examination available in both computer-based and paper-based formats. * *For paper-based exams there is an extra 15 minutes to reflect the manual effort required. Section A of the exam comprises three 10 mark case-based questions. Each case has five objective test questions worth 2 marks each. Section B of the exam comprises one 30 mark question and two 20 mark questions. Section B of the exam will predominantly examine one or more aspects of audit and assurance from planning and risk assessment, internal control or audit evidence, although topics from other syllabus areas may also be included.
To ream more about AA and to access past exam papers please click here.