Audit and Assurance (AA)

The Audit and Assurance (AA) Course provides a comprehensive understanding of audit processes and assurance engagements, focusing on the skills required to perform and report on audits in compliance with professional standards. It equips learners with the knowledge and practical expertise necessary to assess financial statements, evaluate internal controls, and provide assurance to stakeholders.

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Overview

The Audit and Assurance (AA) Course is designed for professionals aiming to advance their expertise in audit and assurance practices. As part of the ACA Professional Level qualifications, this course focuses on equipping learners with the ability to plan, execute, and report on assurance engagements effectively.

This course emphasises key topics, including the principles of auditing, the audit process, risk assessment, internal controls evaluation, and ethical considerations in audit practices. Learners will gain a deep understanding of the regulatory framework governing audits, the importance of professional skepticism, and the techniques used to gather audit evidence and assess risks.

By mastering these skills, learners will be prepared to support organisations in ensuring the accuracy and integrity of financial reporting, mitigating risks, and enhancing stakeholder confidence.

Course Objectives

Understand the objectives and principles of audit and assurance engagements
Develop the ability to plan and perform audits in compliance with professional standards
Gain insights into risk assessment and internal control evaluation during the audit process
Learn to gather, evaluate, and document audit evidence effectively
Enhance skills in interpreting financial and non-financial data to support audit conclusions
Build expertise in reporting on audit findings in a clear and professional manner
Apply ethical standards and professional codes of conduct in audit practices

Upon completion, learners will possess the knowledge and skills to conduct audits and assurance engagements effectively, contributing to organisational transparency, accountability, and compliance.

Average completion time

1 Month

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Blended Learning

Study At Your Own Pace

Course Includes

Expert-led Sessions
Digital Delegate Pack
24/7 Tutor Support
Downloadable Resources & Challenges
Interactive Learning
Exercise Files
Scenario-Based Learning

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

Certificate Level Completion: Candidates must have successfully completed the Certificate Level, demonstrating foundational knowledge in relevant subject areas.
Qualifications in Accountancy and Finance: Prior education or certifications in accountancy and finance are essential to ensure readiness for advanced topics covered in the course.
Business Knowledge: A background in business studies or equivalent qualifications is required to support understanding of strategic and operational aspects of the curriculum.

Learning Outcomes

Understand the Audit Process: Gain a thorough understanding of the stages of an audit, from planning to reporting.
Develop Risk Assessment Skills: Learn to identify and assess risks, and understand the role of internal controls in mitigating those risks.
Gather and Evaluate Audit Evidence: Acquire techniques to collect and analyse evidence to form sound audit conclusions.
Enhance Reporting Skills: Learn to draft clear and compliant audit reports that effectively communicate findings to stakeholders.

Target Audience

The Audit and Assurance (AA) Course is perfect for learners aiming to advance their expertise in auditing or pursue roles requiring deep knowledge of assurance practices. Below are the roles and individuals who can benefit from this course:

Aspiring Auditors
Audit Associates
Risk Management Professionals
Compliance Officers
Internal Auditors
Finance Managers

Course content

Legal and other professional regulations, ethics, accepting and managing engagements and current issues
Planning and performing engagements
Concluding and reporting on engagements

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
Get expert guidance from tutors available online to assist with your studies.
Check your eligibility for exemptions with the relevant professional body before starting.
Our supportive team is here to offer study advice and support throughout your course.
Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

ACA Salary Growth

Career Growth Stories

Discover how MPES Learning transforms careers with real success stories.

Aaron Allcote

As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.

Aaron Allcote

Finance Officer

Bob Beaumont

I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.

Bob Beaumont

Senior Accountant

Arvy Pasanting

As a qualified accountant, studying with MPES has been very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just at excel in my current role as an auditor, but also inspired me to expand my horizons.

Arvy Pasanting

Audit Senior

David Ford

I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising online learning opportunities that fit around the needs of my employer.

David Ford

Accountant

Aaron Allcote

Aaron Allcote

Finance Officer

Bob Beaumont

Bob Beaumont

Senior Accountant

Arvy Pasanting

Arvy Pasanting

Audit Senior

David Ford

David Ford

Accountant

ACA Roadmap

Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What is the focus of the Audit and Assurance Course?

The Audit and Assurance module focuses on developing an understanding of the principles and objectives of auditing, as well as the responsibilities of auditors in providing assurance services.

Q. Who should study the Audit and Assurance module?

This module is ideal for professionals pursuing a career in accountancy or auditing, particularly those seeking to gain knowledge of audit processes and their role in financial reporting.

Q. What topics are covered in the Audit and Assurance Course?

The module includes key topics such as the audit process, risk assessment, internal controls, audit reports, and ethical considerations in assurance engagements.

Q. How will this module benefit my career?

Studying this module provides essential skills and knowledge to perform audits effectively, enhancing your ability to identify risks, provide assurance, and add value to financial reporting processes.

Q. What prior knowledge is needed to study this course?

While no specific prior knowledge is required, familiarity with financial reporting and accounting principles is beneficial for understanding the content of this module.

Q. What topics are covered in the Audit and Assurance (AA) Course?

The course covers the principles of audit and assurance, the audit process, risk assessment, internal controls evaluation, audit evidence gathering, and ethical considerations in auditing.

Q. How is the course assessed?

The Audit and Assurance (AA) Course is assessed through a written exam that tests theoretical understanding and practical application of audit and assurance principles.

Q. What career opportunities does the course prepare learners for?

Completing the AA Course equips learners with advanced knowledge to pursue roles in audit and assurance, such as audit associate, internal auditor, compliance officer, or risk analyst.

Q. What learning materials are provided during the course?

Learners receive comprehensive study guides, practice exams, access to interactive e-learning resources, and materials to ensure a well-rounded understanding of the subject matter.

Q. How does this course fit into the broader ACA Qualification framework?

The Audit and Assurance (AA) Course is part of the ACA Professional Level qualifications and provides the groundwork for more advanced ACA modules, building towards full ICAEW membership.

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