ACCA Audit and Assurance (AA) FAQs

1. What is the format of the ACCA Audit and Assurance (AA) exam?

The AA exam is a computer-based exam (CBE) that lasts for three hours. It consists of three sections:

• Section A: Contains three case questions, each with five objective test questions, totaling 30 marks.
• Section B: Includes three questions, each worth 10 marks, typically involving scenarios requiring a mix of objective and subjective answers.
• Section C: Comprises two 20-mark questions that generally require more detailed written responses .

2. What topics are covered in the ACCA Audit and Assurance (AA) syllabus?

The syllabus covers several key areas:

• Audit Framework and Regulation: Understanding the principles of audit
  and assurance engagements, and the regulatory environment.
• Planning and Risk Assessment: Involves obtaining and accepting audit
  engagements, understanding the entity and its environment, and assessing risks.
• Internal Control: Covers the components and evaluation of internal
  control systems.
• Audit Evidence: Methods for obtaining and evaluating audit evidence,
  including sampling techniques.
• Review and Reporting: Includes the review of audit work and the
  preparation of audit reports .

3. Is theoretical knowledge important for the AA exam?

Yes, theoretical knowledge is crucial for the AA exam. Candidates need to understand and apply auditing standards and concepts, not just perform calculations. For instance, many questions require explanations of audit procedures, principles of corporate governance, and the role of internal controls.

4. How should candidates prepare for the AA exam?

• Use Study Resources: Utilize ACCA-approved textbooks, study guides, and revision kits. OpenTuition and aCOWtancy offer free lecture notes, video tutorials, and practice questions.
• Practice Past Papers: Regularly practice past exam questions under timed conditions to improve speed and accuracy.
• Read Technical Articles: These articles provide insights into key audit topics and exam techniques, helping candidates understand what examiners are looking for.

5. What are some key tips for passing the AA exam?

• Understand the Exam Structure: Familiarize yourself with the format and types of questions.

• Balance Theory and Practice: Ensure you have a good grasp of both theoretical concepts and practical applications.
• Time Management: Develop a strategy to manage your time effectively during the exam.
• Stay Updated: Keep abreast of any changes in auditing standards and exam formats .

For more detailed information and resources, visit the ACCA Global Audit and Assurance page and OpenTuition’s Audit and Assurance section.

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