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Mai Studies Original · Accounting & Finance

ACCA Study Support: Audit and Assurance (AA)

A Mai Studies study-support programme written for learners preparing for the ACCA Applied Skills paper Audit and Assurance. Every module contains original written notes with worked examples, a tutor-voice classroom transcript, a practical activity with a worked solution, a mock test with explained answers and a marked written assignment. Mai Studies is an independent provider: it is not ACCA, is not an ACCA Approved Learning Partner, and this programme carries no exam credit or exemption. The notes explain general auditing principles for study purposes; no standard or examiner material is reproduced.

10 weeks 60 guided hours Intermediate
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No account needed to buy. Pay with your card and we create your student account from the email you enter, with this programme ready inside it for twelve months.

ACCA Study Support: Audit and Assurance (AA) course artwork

What you will achieve

  • Explain the purpose of an audit and the concept of reasonable assurance
  • Apply the fundamental ethical principles and identify threats and safeguards
  • Plan an audit using materiality and a risk based approach
  • Evaluate internal controls and design tests of control
  • Design substantive procedures that meet specific financial statement assertions
  • Explain the forms of audit opinion and when each is appropriate

Entry guidance

  • — Understanding of financial statements is essential
  • — Some prior reporting study is helpful
  • — Around six study hours each week

Original Mai Studies learning material. This is a professional completion programme, not a regulated qualification or university accreditation.

Programme syllabus

6 applied modules

Lessons
6
Assessed tasks
6
Practice questions
120
Timed mock papers
2
01

Assurance, audit and the expectation gap

What an audit is and is not, levels of assurance, and why misunderstanding the role causes disputes.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. What an audit actually provides38 min study · 3 learning objectives · practical activity

    The purpose of an external audit, the meaning of reasonable assurance, and the gap between that and public expectation.

  • Explain the role of the auditor to a shareholder — marked out of 100, pass at 80%
02

Professional ethics and acceptance

The fundamental principles, the five threats, safeguards, and deciding whether to accept an engagement.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Staying independent and deciding to accept36 min study · 3 learning objectives · practical activity

    The fundamental principles, the threats to them, and the procedures before accepting a new client.

  • Assess ethical threats on a new engagement — marked out of 100, pass at 80%
03

Planning, materiality and risk

Understanding the entity, setting materiality, and identifying risks of material misstatement.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Planning around risk and materiality38 min study · 3 learning objectives · practical activity

    Understanding the entity, setting materiality and identifying where misstatement is most likely.

  • Prepare a risk and materiality memorandum — marked out of 100, pass at 80%
04

Internal control and tests of control

Control objectives in key cycles, documenting systems, testing controls and reporting deficiencies.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Controls that work and tests that prove it38 min study · 3 learning objectives · practical activity

    Control objectives in the main cycles, how systems are recorded, and how deficiencies are reported.

  • Write a report on control deficiencies — marked out of 100, pass at 80%
05

Audit evidence and substantive procedures

Assertions, sufficient appropriate evidence, sampling, and designing procedures for real balances.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Evidence that supports the opinion41 min study · 3 learning objectives · practical activity

    Assertions, the qualities evidence must have, and designing procedures that actually test the right thing.

  • Design substantive procedures — marked out of 100, pass at 80%
06

Completion and the auditor report

Subsequent events, going concern, written representations, and choosing the right opinion.

1 lesson · 20 practice questions · 1 assessed task

  1. 1. Finishing the audit and saying so36 min study · 3 learning objectives · practical activity

    Subsequent events, going concern, representations and the forms of audit opinion.

  • Conclude and choose the audit opinion — marked out of 100, pass at 80%

Timed mock papers

  • ACCA Study Support: Audit and Assurance (AA): timed mock paper 1 — 180 minutes, 50 objective questions plus written and computational tasks
  • ACCA Study Support: Audit and Assurance (AA): timed mock paper 2 — 180 minutes, 50 objective questions plus written and computational tasks

Lesson pages, assessed tasks and mock papers open the moment you join this programme. Teaching material is studied online; the notes you write are yours to download.

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