ACCA-AAA- Advanced Audit & Assurance
Course Description
ACCA P7 Paper – Advanced Audit and Assurance – a step up from F8 Audit and Assurance is to analyse, 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 P7 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 P7 paper candidates will able to explain and understand the following:
- Recognise 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 recognise 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 (P1–P3 and any two of the Options papers from P4, P5, P6 and P7).
COURSE FEATURES
- Lectures : 25
- Quizzes: 4
- Duration: 6 Month
- Skill level: Advanced
- Language: English
- Students: 20
- Assessments: 3
|
PER: Performance Objectives |
|
| ESSENTIAL | TECHNICAL |
| · PO1 – PROFESSIONALISM AND ETHICS
· PO4 – GOVERNANCE RISK AND CONTROL |
· PO18 – PREPARE FOR AND PLAN THE AUDIT PROCESS
· PO19 – COLLECT AND EVALUATE EVIDENCE FOR AN AUDIT · PO20 – REVIEW AND REPORT ON THE FINDINGS OF AN AUDIT |
Course Features
- Lectures 24
- Quizzes 0
- Duration 6 Months
- Skill level Advanced levels
- Language English
- Students 895
- Assessments Yes
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- International regulatory environments for audit and assurance services
- Code of ethics and conduct
- Professional liability
- Quality control
- Obtaining and accepting professional appointments
- Planning and risk assessment (Phase-1)
- Planning and risk assessment ( Phase 2)
- Evidence
- Evaluation and review
- Evaluation & review (ii) matters relating to specific accounting issues
- Evaluation & review (iii) matters relating to specific accounting issues
- Group audits and transnational audits (Phase-1)
- Group audits and transnational audits (Phase-2)
- Audit related services and other assurance services
- Prospective financial information (PFI)
- Forensic audits
- Social and environmental auditing
- Internal audit and outsourcing
- Reporting
- Reporting
- Current issues
- Revision Classes 1
- Revision Classes 2
- Revision Classes 3
