The ACCA Audit & Assurance (AA) exam, which is part of the Applied Skills level, provides you with the necessary knowledge and methods to grasp the audit process, assess internal controls, and determine the trustworthiness of financial statements. It is well-suited for individuals seeking careers in auditing, compliance, or financial reporting.
📘 What You'll Study
The AA curriculum is organized around important topics:
🔍 Audit Framework & Rules
Goal and extent of audit and assurance
Moral standards and regulatory framework
🧪 Audit Planning & Risk Evaluation
Comprehending the business and its surroundings
Pinpointing and judging audit risks
Significance and audit approach
🧠 Internal Control
Elements of internal control systems
Judging how well controls work
Control weaknesses and advice
📋 Audit Proof
Kinds of audit proof (physical, written, analytical)
Sampling methods and dependability
Using outside confirmations
📊 Audit Reporting
Auditor’s report layouts and viewpoints
Changes and highlighting specific issues
Ongoing operations and events after the reporting period
🧪 Exam Format
Section A: 3 multiple-choice questions (10 points each)
Section B: Two extended response questions (20 points each), frequently involving scenario analysis and report creation
📚 Study Aids
ACCA’s Audit & Assurance learning center
Kaplan and BPP textbooks and review materials
ACCA Practice Platform for practice exams
Examiner feedback and expert articles
💡 Advice for Success
Comprehend the reasoning behind audits, not just the steps—why each action is important.
Practice creating straightforward, brief audit reports and suggestions.
Use actual examples to connect theory to real-world situations.
Examine previous exams to become acquainted with typical situations and errors.
