Course Content
Section 0: Introduction
0/3
Introduction to the charterED program
03:42
Audit & Assurance (AA)
05:10
Exam Technique
12:05
Section 1: Introduction To Assurance
Explore assurance engagement fundamentals—three-party relationships, evidence evaluation, and the distinction between reasonable (audit) and limited (review) assurance levels. Strengthen exam readiness with practical examples on stakeholder relationships and sampling limitations.
0/7
Introduction
00:53
Introduction To Assurance
02:24
Elements To Assurance Engagement
00:56
Levels & Types Of Assurance
03:43
External Audit Engagement
03:27
Review Engagements
03:27
Introduction to Assurance Exam 1
12:09
Section 2: Auditor’s Regulations
Master auditor regulations—legal mandates, eligibility requirements, and ISAs. Understand the agency-principal relationship and auditor independence. Apply knowledge to globalization challenges and conflict-of-interest scenarios.
0/5
Introduction
05:31
Legal requirements on the audit and the auditor
05:31
Professional Auditing Standards
02:11
Issues in Auditor’s Regulations
01:54
Auditor’s Regulation Exam 1
06:13
Section 3: Corporate Governance
Master corporate governance codes—board composition, independence requirements, and audit committee structures. Understand how governance impacts audit risk and annual report disclosures. Apply concepts to deficiency scenarios involving role separation, remuneration oversight, and control monitoring.
0/6
Introduction
00:21
The Code of Corporate Governance
06:06
Audit Committees
04:13
Impact of Corporate Governance on the Audit
01:32
Corporate Governance Exam 1
13:16
Corporate Governance Exam 2
09:12
Section 4: Ethics & Professional Behaviour
Learn the five core ethical principles—integrity, objectivity, competence, confidentiality, and professional behavior. Recognize common threats like self-interest and familiarity, then apply safeguards to manage them. Practice evaluating threats through real exam scenarios involving gifts, relationships, and conflicts of interest.
0/12
Introduction
00:55
The Need For Professional Ethics
01:47
Principles vs Rules
00:00
Fundamental Ethical Principles
02:13
Ethical Threats
03:19
Safeguards
01:56
Evaluating Threats
02:17
Confidentiality
01:10
Conflicts Of Interest
01:08
Ethics & Professional Behaviour Exam 1
01:05
Ethics & Professional Behaviour Exam 2
07:05
Ethics & Professional Behaviour Exam 3
12:23
Section 5: Audit Acceptance & Continuance
Learn the key audit acceptance and continuance considerations—assessing client risks, ethical concerns, and resource capabilities. Understand engagement letters, which define auditor roles, scope, and responsibilities. Strengthen exam skills with real-world cases on conflicts of interest, integrity risks, and audit feasibility.
0/4
Introduction
01:17
Audit Acceptance & Continuance Considerations
06:16
Engagement Letter
01:57
Audit & Acceptance Exam 1
10:09
Section 6: Fraud & Error and Laws & Regulations
Understand auditors' responsibilities in detecting fraud, errors, and legal noncompliance. Learn about internal controls, professional skepticism, and risk assessment to mitigate fraud. Master audit procedures for compliance violations, material misstatements, and legal reporting.
0/4
Introduction
00:52
Fraud & Error
08:18
Laws & Regulations
03:18
FELR Exam 1
05:09
Section 7: Audit Planning
Master audit planning essentials—risk assessment, strategy, materiality, and analytical procedures. Understand key audit timelines, entity evaluation, and financial ratios to detect misstatements. Learn how to prioritize high-risk areas, optimize resources, and ensure audit accuracy.
0/13
Introduction
01:23
The Purpose Of Audit Planning
03:03
Audit Risk
10:06
Audit Strategy
02:13
Audit Plan
00:25
Materiality
04:08
Understanding The Entity
01:56
Analytical Procedures
04:45
Key Audit Timelines
02:21
Analytical Procedures – Ratios
13:25
Audit Planning Exam 1
13:14
Audit Planning Exam 2
26:28
Audit Planning Exam 3
33:39
Section 8: Practice Management
Ensure high-quality audits with strong practice management, quality control, and documentation. Learn audit supervision, ethical compliance, and review processes (hot & cold reviews). Master audit working papers, ensuring compliance and evidence support. Strengthen exam skills with real-world quality control scenarios.
0/4
Introduction
00:53
Quality Control
06:37
Documentation
02:32
Practice Management Exam 1
08:26
Section 9: Audit Evidence
Master audit evidence collection, from tests of controls to substantive procedures. Learn sampling techniques, use Computer Assisted Audit Tools (CAATs), and assess reliance on internal auditors and experts. Strengthen exam skills with real-world evidence evaluation and misstatement analysis.
0/7
Introduction to Audit Evidence
15:36
What is audit evidence and the types of audit evidence?
09:02
How to collect audit evidence?
09:40
How much audit evidence to obtain?
16:14
Computer Assisted Audit Techniques (CAAT)
05:15
Reliance On The Work Of Others
10:42
Audit Evidence Exam 1
10:49
Section 10: Auditing Systems & Controls 1
Learn internal control systems, their impact on audits, and limitations. Master control components, IT controls, and control activities (authorization, segregation, reconciliations, and verification). Understand how to audit internal controls, evaluate weaknesses, and communicate deficiencies effectively.
0/8
Overview
01:18
What are systems and controls?
03:03
Effect of controls on audit and limitations of internal controls
02:26
Components of Internal Controls
03:33
Control Activities
03:53
IT Controls
04:29
Auditing Internal Controls
11:03
Auditing Systems & Controls 1 Exam 1
08:26
Section 11: Auditing Systems & Controls 2
Master business cycle audits—sales, purchases, inventory, payroll, fixed assets, and cash/bank. Learn key controls, fraud risks, and best practices for managing transactions. Strengthen exam skills with real-world deficiencies and control recommendations to improve financial accuracy.
0/14
Exam Considerations
04:13
Sales Cycle
15:44
Sales Cycle Exam 1
10:47
Sales Cycle Exam 2
22:46
Purchases Cycle
15:29
Purchases Cycle Exam 1
20:54
Fixed Asset Cycle
04:13
Fixed Asset Cycle Exam 1
13:02
Payroll Cycle
11:52
Payroll Cycle Exam 1
22:49
Inventory Cycle
16:41
Inventory Cycle Exam 1
20:09
Cash and Bank Cycle
10:48
Cash and Bank Cycle Exam 1
18:25
Section 12: Substantive Audit Procedures
Master substantive audit procedures—directional testing, analytical reviews, and tests of details—across financial statement areas. Learn to audit receivables, non-current assets, cash, liabilities, inventory, provisions, share capital, and income statements. Understand key risks, assertions, and audit techniques to ensure compliance and accuracy.
0/14
Introduction & Receivables
20:54
Non-Current Assets
18:24
Intangible Assets
03:01
Cash and Bank
18:57
Non-Current Liabilities
13:29
Inventory
09:07
Payables & Accruals
10:18
Provisions & Contingencies
15:39
Share Capital & Reserves
03:21
Income Statement
12:45
Substantive Audit Procedures Exam 1
00:00
Substantive Audit Procedures Exam 2
11:29
Substantive Audit Procedures Exam 3
19:35
Substantive Audit Procedures Exam 4
16:15
Section 13: Completion & Review
The **Completion & Review** phase wraps up the audit, ensuring accuracy before the audit report is issued. Key steps include reviewing **subsequent events, going concern, financial statements, and management representations** to confirm compliance and correctness. Auditors finalize adjustments, assess risks, and secure confirmations to ensure a **true and fair view** before issuing their opinion.
0/5
Introduction & Subsequent Events
16:07
Going Concern
11:24
Review of Financial Statements & Management Representations
12:22
Completion & Review Exam 1
17:32
Completion & Review Exam 2
13:24
Section 14: Reporting
Audit Reporting delivers the final verdict on financial statements. Auditors issue opinions (unmodified, modified, adverse, or disclaimer) based on misstatements, scope limitations, or evidence gaps. Reports include key audit matters, additional communications (emphasis of matter, material uncertainty), and governance updates. Clear reporting ensures transparency, compliance, and accountability to stakeholders.
0/3
Reporting 1
13:56
Reporting 2
22:37
Reporting Exam 1
29:25
Section 15: Internal Audit
Here’s a snappy summary in under 60 words: **Internal Audit** enhances risk management, control, and efficiency within companies. Unlike external audit, it focuses on reducing risk, improving profitability, and ensuring compliance. Internal auditors report to the board, not shareholders, and can be outsourced for independence. However, outsourcing to external auditors creates conflicts of interest. Internal audits deter fraud and improve governance.
0/2
Internal Audit
10:42
Internal Audit Exam 1
08:17
ACCA AA Online Course: F8 Audit & Assurance – Complete Intensive Course

Welcome to your first lesson on audit and assurance. In this lesson, we will be exploring the concept of assurance and understanding what audits are all about. Despite not being frequently tested in exams, the concepts discussed here serve as guiding principles for the entire course.

The syllabus is divided into four key sections:

  1. Introduction to assurance
  2. Levels of assurance and types of assurance engagements
  3. The external audit engagement
  4. Review engagements
Previous
Next
0% Complete