Advanced Audit and Assurance (ACCA P7)

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Free Express Notes For ACCA P7 (AAA)

ACCA P7 (AAA) Highlights

The Advanced Audit and Assurance exam is designed to reflect the challenges auditors will face in their professional life. You will be required to analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.

Exam Duration
3 hours

Passing Marks
50/100
Mode Of Exam
Online
Attempts Mar|Jun|Sep|Dec

ACCA P7 (AAA) Syllabus

A. Regulatory Environment

1. International regulatory frameworks for audit and assurance services
2. Money laundering
3. Laws and regulations

B. Professional and Ethical Considerations

1. Code of Ethics for Professional Accountants
2. Fraud and error
3. Professional liability

C. Quality Control and Practice Management

1. Quality control (firm-wide)
2. Advertising, tendering and obtaining professional work and fees
3. Professional appointments

D. Planning and conducting an audit of historical financial information

1. Planning, materiality and assessing the risk of material misstatement
2. Evidence and testing considerations
3. Audit procedures and obtaining evidence
4. Using the work of others
5. Group audits

E. Completion, review and reporting

1. Subsequent events and going concern
2. Completion and final review
3. Auditor’s reports

F. Other assignments

1. Audit-related and assurance services
2. Specific assignments
3. The audit of social, environmental and integrated reporting
4. The audit of performance information (pre-determined objectives) in the public sector
5. Reporting on other assignments

G. Current Issues and Developments

1. Professional and ethical developments
2. Other current issues

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The courses have been tailored by our experts to maximise your chances of exam success. They have been purpose designed using specific educational milestones which build on each other as the course progresses. The videos must be viewed in the given order to ensure you obtain both the required knowledge as well as the necessary techniques to pass your exams.

eBook versions of the study materials are included within your course. The vast majority of our students prefer the portability of eBooks over hardcopies. However, if you do have a strong preference to have hardcopy versions of the books then you can purchase them directly from the Kaplan Publishing website via the following link.

This is a learning reinforcement exercise and helps you take on board your new knowledge. The questions in the quiz are not exam standard questions though but instead are designed to help maximise your chances of retaining the knowledge you have obtained. Your dashboard on the homepage will show your performance at each quiz when compared to the overall average mark for all Synthesis Learning students.

You have a button called “contact your tutor” on each page of the learning portal except the dashboard/landing page. Click on the contact your tutor button and address your question to your tutor. Your tutor will aim to respond to your query within one working day. ExP operates a fair use policy for questions and the maximum number of questions you can ask your tutor per course is ten.

Our recommendation is to register for 2 courses at one time if you are an experienced student and are confident that you can balance the complexity of 2 professional exams as well as your work and personal commitments. Otherwise, we recommend starting with one course at a time and once you pass that one you can immediately enroll to the next one.

It’s important for us to monitor pass rates to ensure that our courses remain at the very forefront of quality eLearning education. It will also enable you have access to the Pass Guarantee scheme if applicable. In addition, if you are an employer funded student, it is important that your employer as your sponsor receives correct and complete reports on your progress and exam results.

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