ACCA Audit and Assurance (AA)
AA ACCA Syllabus
Books & Revision Kits
First of all the basic means of Audit is investigations.
Another way in accounts, this word being used Audit for the examination of Financial Statements prepared by entities annually.
- Balance sheet
- Statement of profit and loss
- Income statement
- Statement of changes in equity
- Statement of cash flow
Likewise, ACCA AA (F8) is a theoretical paper Probably consists of 90% theory and 10% calculations.
In theory, examiner test the concepts of students by giving a situation, and students need the resolve that situation in different ways in different questions, like Analytical procedures, Test of controls, internal controls
Also in other parts of the parts consist of calculations, Calculations of this part probably from IAS-IFRS, like if examiner explains the situation by referring IFRS-16 then you should be attentive there is something wrong in the calculation of IFRS 16 which examiner wants you to correct this problem,
Furthermore, like assets are recorded correctly, Disposals are calculated in the right way, Depreciation treatments accounting according to the IFRS 16,
Similarly with other accounting standers.
The main motive of ACCA AA paper
Is to develop basic understanding and knowledge of the audit process to give an assurance engagement to a Clint by following the Professional Regulatory Framework
However, to pass AA you need to:
- Concepts regarding the audit and assurance
- what is procedures of an audit, how an auditor perform his audit assignments
- Understand and evaluation of internal controls to assess the risk factors
AA Pass Rate
|Dec 2017||Jun 2018||Dec 2018||Jun 2018||Dec 2019|
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Previously Known as F8