ACCA Audit and Assurance (AA)
AA exam at a glance
- Exam length
- 3 hours
- Exam type
- Session CBE
- Sittings in March, June, September, December
- Pass mark
- 50%
- Our course access
- 6 months' access · extended free until you pass, on request
About this Paper
Audit and Assurance focuses on the process of carrying out external audits and other assurance engagements. It covers the principles of professional ethics, audit planning, risk assessment, and gathering sufficient, appropriate audit evidence. The goal is to develop the essential knowledge of the audit process and its regulatory environment, enabling candidates to understand and evaluate the various stages of an audit from appointment to the final report.
What You'll Learn (Curriculum)
- The purpose, scope, and regulatory framework of audit and assurance engagements.
- Ethics, professional conduct, and quality control in an assurance context.
- How to plan an audit, including identifying and assessing the risks of material misstatement.
- The purpose and evaluation of internal controls and the application of audit procedures.
- How to review the financial statements and formulate the final audit report.
- 01. Faculty Intro00:15:49
- 02. Introduction to Audit00:28:47
- 1. Audit and Assurance00:51:26
- 1. Audit and Assurance - Review Engagements00:13:29
- 2. Governing Aspects of Audit00:29:19
- 3_1 Corporate Governance00:32:08
- 3_2 Corporate Governance00:14:59
- 3_3 Corporate Governance00:42:44
- 3_4 Corporate Governance - Audit Committee00:30:14
- 4_1 Ethics and threats with safeguards00:38:12
- 4_2 Audit Acceptance and Engagement00:27:38
- 5_1 Audit Risk00:45:47
- 5_2 Materiality - ISA 32000:20:42
- 5_3 Risk Assessment Procedures - ISA 31500:40:15
- 6.1 Quality Control00:36:27
- 6.2 ISA 240 - Fraud00:47:50
- 6.3 ISA 250 - Laws and Regulations00:24:40
- 6.4 - ISA 230 - Audit Documentation00:30:45
- 6.5 Audit plan and strategy and types of audit00:13:22
- 7.1 Audit Evidence00:44:16
- 7.2 ISA 620 - Auditors Expert00:24:47
- 7.3 Using work of internal Auditor00:25:20
- 7.4 ISA 402 -Service Organization00:23:43
- 7.5 ISA 530 -Audit Sampling00:25:52
- 7.6 CAAT00:21:30
- 7.7 Data Analytics00:38:25
- 8.1 Internal Controls00:21:20
- 8.2 Components of IC00:52:45
- 8.3 IC Evaluation00:43:41
- 8.4 Sales System00:55:23
- 8.5 Purchase System00:52:54
- 8.6 Payroll Systems00:31:45
- 8.7 Cash and Inventory Systems00:40:13
- 9.1 Internal Audit00:55:56
- 10.1 Introduction to Audit Procedures00:38:14
- 10.2 Summary of Procedures00:29:20
- 10.3 Assets - AP00:50:40
- 10.4 Inventory - AP00:53:08
- 10.5.1 Liabilities00:46:34
- 10.5.2 Equity and Directors Remuneration00:19:01
- 10.6 Profit and Loss00:21:39
- 10.7 Accounting Estimates and Smaller Entities00:20:46
- 10.8 Not for Profit Entities00:21:07
- 11.1 Completion and review - Subsequent Events00:44:25
- 11.2 ISA 570 - Going Concern00:56:00
- 11.3 Overall review of the financial statements00:07:57
- 11.4 ISA 450 Evaluation of Misstatements Identifie00:10:16
- 11.5 ISA 580 - Written Representations00:20:53
- 12.1 Introduction to Audit Report00:33:54
- 12.2 Audit Report and Unmodified Opinion00:33:57
- 12.3 ISA 701 - Key Audit Matter Paragraph00:17:18
- 12.4 Unmodified opinion with add Paragraph00:22:36
- 12.5 Modified Opinion00:34:12
- 12.6 Going Concern Implications00:09:13
- 12.7 Reporting to those charged with governance00:15:00
- 13. Summary of Auditing Standards00:34:30
Meet Your Tutor
Sai Manikanta Pedamallu
CMA (US), ACCA (UK), CSCA (US), Dip IFRS, AFA (UK), MIPA (Aus), M.Com, M.B.A
Sai Manikanta Pedamallu is a highly-rated ACCA Tutor, CMA US Instructor, and Dip IFRS Trainer with over a decade of experience in finance and education. He holds extensive qualifications, including Qualified ACCA (UK), CMA (US), CSCA (US), and Dip IFRS. In the corporate world, he serves as an ERP Product Manager and Finance Controller. Known for his dynamic teaching and practical insights, he empowers students to excel in global finance qualifications and consistently receives high student ratings.
Start Learning Now
₹10,000
This Course Includes:
- Learn from a Qualified ACCA.
- Pre recorded content accessible via laptop, PC, Android mobiles, Android Tabs, I-Phones, and I-Pads.
- 3× views per lecture with 6 months' validity. Extended free until you pass — just ask.
- 24*7 tutor support on Telegram and WhatsApp.
- Soft copies of Materials provided within the Course fee.
- Digital Class Notes – Shared as PDF Files via Google Drive.
- Student shall be added to the telegram group of the subject after enrolment.
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Take the free test →Plan your AA exam
Exam structure
Section A: 3 ten-mark objective test cases. Section B: one 30-mark and two 20-mark questions.
Am I exempt?
Your degree or professional qualification may exempt you from this paper. Check before you pay for it.
Check exemptions →When can I sit it?
Four sittings a year, with entry deadlines weeks before each one.
See exam dates and deadlines →ACCA 2027 changes
June 2027 is the last sitting of AA under the current syllabus. From September 2027 the successor is E3 Audit, Risk and Control.
See what changes →
What students say about Audit and Assurance (AA)
All student reviews →AA · June 2022 · 0% · First attempt✓ Verified result
“I had the opportunity to take Manikanta Sir’s classes for both Skill Level and Professional Level papers, and it has been a really valuable learning experience for me. One of the things I appreciate most about his teaching is the clarity with which he explains concepts. He makes sure that the fundamentals are strong before moving on to more complex topics…”
Shruthi DubeyLead Audit Associate at Ernst & Young