ACCA-AAA- Advanced Audit & Assurance

Teacher

Course Description

ACCA AAA Paper – Advanced Audit and Assurance – a step up from AA (Audit and Assurance) is to analyze, evaluate and conclude on assurance engagements. Where F8 looks at audit procedures and a student is typically in the role of an audit junior or semi-senior, at this advanced level the student is assistant-in-charge, manager or partner.

This syllabus and study guide are designed to help with teaching and learning and is intended to provide detailed information on what could be assessed in any examination session. The first 2 questions in the exam are compulsory and will be worth anywhere between 50% and 70%. The remaining 30% – 50% are divided between 2 from 3 other questions

The Aim of AAA exam is to develop knowledge and understanding of the underlying principles and concepts relating to Financial standard , Audit & assurance and technical proficiency

Learning outcomes:

On completion of AAA paper candidates will able to explain and understand the following:

Recognize the legal and regulatory environment and its impact on audit and assurance practice
Demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework
Assess and recommend appropriate quality control policies and procedures in practice management and recognize the auditor’s position in relation to the acceptance and retention of professional appointments
Identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing
Identify and formulate the work required to meet the objectives of non-audit assignments
Evaluate findings and the results of work performed and draft suitable reports on assignments
Understand the current issues and developments relating to the provision of audit related and assurance services

Certification

PROFESSIONAL LEVEL CERTIFICATE

Students are awarded a Professional Level Certificate when they have successfully completed all of the exams in the Professional level of the ACCA Qualification (SBL & SBR and any two of the Options papers from AFM-AAA).