ACCA (F8) : Audit and Assurance (AA) - Complete Course

+20 hours of In depth syllabus coverage by a lecturer responsible for coaching world number one prize winners

4.44 (112 reviews)

Udemy

platform

English

language

Other Finance & Economic

What you will learn

What is Audit?

Assurance Engagement

Types of Assurance Engagement

Review Engagement

Concept of Audit

Conduct of Audit

Standards in relation to Audit

Who conducts an audit?

Who CAN /CANNOT act as an auditor

Appointment, Removal and Resignation of Auditor

Auditors Right and Duties

Evolution of Corporate Governance

What is Corporate Governance

Corporate Governance in Action - Board Leadership & Company Purpose

Corporate Governance in Action - Nomination Committee

Corporate Governance in Action - Remuneration Committee

Corporate Governance in Action - Risk Committee

Corporate Governance in Action - Audit Committee

Corporate Governance and Auditors

Introduction to Ethics

Code of Ethics

Ethical Threats

Ethical Threats and Safeguards - Self Interest, Self Review, Advocacy, Familiarity and Intimidation

Public Interest and Confidentiality

Conflict of Interest

New Clients and Audit Engagements

Engagement Letter - Contract in relation to Audit

Understanding the entity and its environment

Fraud, Laws and Regulation

Misstatements

Audit Risk and Auditors Response

Analytical Procedures

Professional Scepticism and Professional Judgement

Planning process, Audit Plan and Audit Strategy

Interim and Final Audit

Quality Control and Audit Documentation

Internal Audit

Internal Audit - Role, Assignments, Limitations and Reporting

Internal Control - Introduction

Components of Internal Control

Documenting Clients systems - Documentation Methods (Advantages and Disadvanatges)

Internal Control Systems - Sales, Purchases, Payroll, Non Current Assets, Inventory, Cash

Communicating deficiencies of control system

Financial statement Assertions, Audit Evidence and Procedures

Automated Tool and Techniques - Test Data, Audit Software and Data Analytical Tools

Using the work of others - EXPERTS, INTERNAL AUDITORS & SERVICE ORGANISATIONS

Audit Sampling

Audit Procedures - IN DEPTH AND COMPLETE LIST OF FINANCIAL STATEMENTS

Completion and Review - Subsequent Events

Going Concern - Indicators, Audit Procedures and Reporting Implications

Written Representation Letter

Overall Review Process of Audit

Audit Report - Purpose and Contents

Forming and Opinion - Modified and Unmodified

KEY FOCUS AREAS