Audit and Assurance (AA) essentials on one page

What is AA about?
Audit and Assurance provides you with an understanding of the knowledge and application skills required to carry out an audit engagement.

AA: an overview

Flowchart illustrating a high level overview of the audit engagement process

Steps to success

  • If possible, study with an approved learning partner and with approved learning content
  • Study the whole syllabus and ensure your knowledge of ISAs and relevant financial accounting is at an appropriate level
  • Practice exam style and standard questions, to time, using the ACCA Practice Platform
  • Develop your ability to construct effective written response answers
  • Carefully review how correct answers to OT questions were derived
  • Develop your skills in providing effective narrative answers
  • Attempt at least two full exams under exam conditions, debrief your answers, then focus your revision on weaker areas.

Key resources

Tackling the exam

Section A (30 marks)

  • Three OT cases with five OT questions worth two marks each, 10 marks per case.

Tips for answering OT questions

  • Read the question carefully
  • Think before answering
  • If unsure, eliminate incorrect answers
  • Answer all questions.

Section B (70 marks)

  • Three scenarios with two or more requirements

Tips for answering Section B questions

  • Read each requirement carefully to understand what is asked for
  • Draw on the scenario to plan the points you need to make
  • Use concise headings
  • Make clear and concise points specific to the given scenario
  • Describe 'how' procedures should be performed
  • Do not give rote-learnt answer points
  • Attempt all requirements.