ACCA - Advanced Audit and Assurance (AAA)

The ACCA Advanced Audit and Assurance exam aims to prepare aspiring auditors for the

real-world challenges they may encounter in their professional careers. This exam will test your

ability to analyze, evaluate, and draw conclusions on various assurance engagements and other

audit and assurance issues, in accordance with best practices and current developments.

It is important to note that the AAA exam questions will be based on International Financial

Reporting Standards (IFRS). As the exam requires a solid foundation of accounting knowledge,

it is highly recommended that candidates attempt and pass the Strategic Business Reporting

(SBR) exam prior to attempting AAA.

Are you ready for AAA?

To achieve success in the AAA exam, having a strong foundation of knowledge in Audit and

Assurance is crucial. Whether you are a new ACCA student, have taken a break from studying,

or simply want to assess your core knowledge, we offer five self-check quizzes that can help

evaluate your understanding of the subject matter. Based on your results, you will receive

personalized advice on your next steps and the most efficient methods to study for AAA.

It's important to note that the Ethics and Professional Skills module is an integral component of

the ACCA qualification. Completing EPSM not only enhances your employability but also

significantly improves your preparedness for the AAA exam. Therefore, it is recommended that

you plan and include EPSM in your studies.

The Advanced Audit and Assurance (AAA) paper is a part of the Association of Chartered

Certified Accountants (ACCA) qualification, which is designed to provide students with

advanced knowledge of auditing and assurance practices.

In this paper, you will learn about the following:

Audit and assurance framework: This section covers the regulatory and ethical framework for

auditors and the principles of good governance and internal control.

Internal audit: This section covers the role of internal audit, including the principles of internal

control and risk management.

Audit evidence: This section covers the sources and types of audit evidence and the procedures

for collecting and evaluating it.

Audit planning and risk assessment: This section covers the process of audit planning, including

risk assessment and the development of audit objectives and strategies.

Audit reporting: This section covers the requirements for audit reports, including the auditor's

responsibilities and the format and content of audit reports.

Professional ethics: This section covers the ethical principles and rules that govern the conduct

of auditors, including the ACCA's Code of Ethics and Conduct.

Overall, the AAA paper will equip you with the knowledge and skills necessary to plan and

perform an audit in accordance with international standards, as well as to evaluate and report

on the effectiveness of internal controls and risk management processes.

Clear All the Fundamental and Skill Level Papers