Course Brief

To develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional
regulatory framework.


  • This course is offered in 70 hours

On successful completion of this paper, candidates
should be able to:

  • Explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct, describing the scope and distinguishing between the functions of internal and external audit. 
  • Demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its
    environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements. 
  • Describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control
    risks and their potential consequences, making appropriate recommendations. 
  • Identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards
    on Auditing (ISAs). 
  • Explain how consideration of subsequent events and the going concern principle can inform the conclusions from audit work
    and are reflected in different types of auditor’s report, written representations and the final review and report.

Course Content

  • Audit framework and regulation
  • Planning and risk assessment
  • Internal control
  • Audit evidence
  • Internal audit
  • Review and Reporting

The syllabus is assessed by:

  • A three-hour examination available in both computer-based and
    paper-based formats. *
    *For paper-based exams there is an extra 15 minutes to reflect the manual effort required. 
  • Section A of the exam comprises three 10 mark case-based questions. Each case has five objective test questions worth 2 marks each.
    Section B of the exam comprises one 30 mark question and two 20 mark questions.
    Section B of the exam will predominantly examine one or more aspects of audit and assurance from planning and risk assessment, internal control or audit evidence, although topics from other syllabus areas may also be included.
  • To develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional
    regulatory framework.

  • The Association of Chartered Certified Accountants (ACCA)

    The Association of Chartered Certified Accountants (ACCA) offers a professional qualification, which has been recognised and respected across the world for over 100 years. ACCA is currently the largest British accountancy body with over 180,000 members and 480,000 students in 181 countries

    FIA/ACCA Study School 2017