AA – Audit and Assurance

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.

• The Audit & Assurance module develops knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional
  regulatory framework.

  The Audit and Assurance syllabus is essentially divided into five areas. The syllabus starts with the nature, purpose and scope of assurance engagements, including the statutory audit, its regulatory environment, and introduces governance and professional ethics relating to audit and assurance. It then leads into planning the audit and performing risk assessment. The syllabus then covers a range of areas relating to an audit of financial statements including the scope of internal control and the role and function of internal audit. These include, evaluating internal controls, audit evidence, and a review of the financial statements. In addition to final review procedures, the final section concentrates on reporting, including the form and content of the independent auditor’s report.
• 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.

   

  
  Overview of the
  Association of Chartered Certified Accountants (ACCA) Programme

   

  SBCS Global Learning institute is an ACCA Approved Learning Partner and Approved Licensed Computer-Based Exam Centre.  We have been teaching the ACCA programme for 37 years and over this period have produced many ACCA Graduates and Prize winners. We are fully equipped to deliver classes online, blended and face to face, so rest assured, that no matter the situation your studies will not be interrupted.

  Our ACCA courses are taught by a team of highly qualified and experienced professionals, who are all superb teachers, and presently includes a partner at one of the big five audit firms and a CEO of a major international bank. Our teaching team and students are supported by our warm and competent ATEC administrators, whose primary focus is ensuring that our students receive a great teaching and learning experience.

  SBCS Global Learning Institute Ltd. offers a world-class ACCA teaching and learning experience that is geared towards you successfully completing your ACCA exams and achieving the prestigious ACCA designation.

   

  September 2024 - December 2024 Semester Class Offerings for ACCA
  

  • Timetable/ Class Schedule

  ACCA course outlines (September 2024)

  All students of the September 2024 semester will be granted nine (9) months access to the SBCS GLI E-Learning (Moodle) platform which will expire on June 30, 2025.

  Click for the ACCA programme registration form

  Click for payment options

   

  July 2024 - December 2024 Semester Classes for the ACCA Programme
  

  • Timetable/ Class Schedule

  ACCA course outline (July 2024)

  All students of the July 2024 semester will be granted nine (9) months access to the SBCS GLI E-Learning (Moodle) platform which will expire on March 30, 2025.

  Click for the ACCA programme registration form

  Click for payment options

   

  The ACCA Study School sessions for the July 2024 semester students will commence on Monday, October 21, 2024, geared towards the December 2024 exam sitting.

  • ACCA & FIA Study School Schedule

  Study School sessions will be hosted Online for the period October/November 2024 period.

   

  These sessions are open to external students and can be registered for at least two (2) days before the start date.

  • FIA Study School – Cost
  • ACCA Study School – Cost

   

  CBE schedule for FIA papers, ACCA Applied Knowledge papers and the LW - Corporate & Business Law paper.

  • Click for the CBE schedule January 2024 - December 2024

   

  *Click here for payment options

   

  For further information, contact our team at ATEC@sbcs.edu.tt.

   

  Collect more Certifications along your journey towards ACCA Membership!

  Gain a Diploma in Accounting and Business when you pass the first three exams of the ACCA Qualification Applied Knowledge modules (BT, MA and FA), and the Foundations in Professionalism (FIP) ethics module.

  An Advanced Diploma in Accounting and Business can also be achieved by successfully completing all exams in the  ACCA Applied Knowledge and ACCA Applied Skills exams (BT – FM) of the ACCA programme and the Ethics and Professional Skills module.

  Completion of the Advanced Diploma and successful completion of the Strategic Professional exams (SBL - Strategic Business Leader, SBR - Strategic Business Reporting and two option modules) will allow you to become an ACCA affiliate.

  As part of your journey to becoming a qualified ACCA member, you will be required to complete the Ethics and Professional Skills Module which supplements your technical knowledge of the programme by helping to develop ethical and professional behaviours. You must also demonstrate relevant skills and experience within a real work environment. This is what the PER (Practical Experience Requirement) is all about.

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  Expand your potential; go beyond ACCA!

  ACCA members can seamlessly progress to one of our Edinburgh Business School, Heriot-Watt University MBA or MSc programmes, which we have been offering for near 30 years.
   
  Progression to MBA/MSc: Subject to additional requirements, Heriot-Watt may award a maximum of 4 credit transfers including FDM, AFDM, Mergers & Acquisitions [MQ] and/or Corporate Governance [CG], where the ACCA qualification has been fully completed and required professional papers passed. Please click here for further information.
   
   

   

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  Alumni Voice

  Don't just take our word for it; read what our graduates have to say about pursuing ACCA at SBCS!