P7 ACCA Advanced Audit and Assurance (AAA) Notes (September 2021 -June 2022 exams)

OpenTutition. — 156 p.Introduction to advanced audit and assurance (AAA) (INT/UK):
regulation, legal matters and quality control.
What is Assurance?
Corporate Governance and Auditor Regulation.
Appointment as an Auditor.
Professional Ethics.
Money Laundering.
Responding to Non-Compliance with Laws and Regulations (NOCLAR).
Auditors’ Liability.
Fraud, Error, the Evaluation of Misstatements and Reporting Control Weaknesses.
Quality Control.
Audit planning and risk assessment.
Audit planning.
Risk.
Question Practice on Risk.
Audit evidence.
Audit Evidence.
Relevant Accounting Standards.
Automated Tools and Technique.
Experts.
Internal Audit.
Outsourced Accounting Functions.
Written Representations.
Related Parties.
The audit of group financial statements.
Group Audits.
The final stages of an audit.
Subsequent Events.
The Auditor’s Report 1: Overall Structure.
The Auditor’s Report 2: Going concern.
The Auditor’s Report 3: Types of Audit Opinion.
Other assignments.
Types of Assignment.
Prospective Financial Information.
Forensic Audits.
Due Diligence.
Social, Environmental and Integrated Reporting.
The Audit of Performance Information in the Public Sector (International Syllabus only).
Auditing aspects of insolvency (UK Syllabus only).