ACCA Advanced Audit and Assurance (AAA-INT): study notes Area by area, with audit scenarios and quizzes.

1. 01A. Regulatory environmentThe framework that gives an audit opinion its value: international and national regulation of audit, public oversight of auditors, corporate governance and the audit committee's work with the external auditor. The module then covers the auditor's money laundering obligations, from customer due diligence to reporting suspicion without tipping off, and how to respond to non-compliance with laws and regulations under ISA 250 (Revised) and the Code's NOCLAR provisions, including when to withdraw.4 lessons · 2h 45m+

   • International regulatory frameworks for audit and assurance50 min
   • Money laundering50 min
   • Laws and regulations50 min
   • Module 1 quiz15 min
2. 02B. Professional and ethical considerationsThe Code of Ethics at AAA depth: evaluating threats and safeguards, the stricter rules for public interest entities, fees and long association at the Code's thresholds, non-assurance services, confidentiality, conflicts of interest and professional scepticism. The module then covers fraud and error under ISA 240 (Revised), including forensic considerations and how fraud is reported, and professional liability: negligence, duties to clients and third parties, limiting liability and the expectation gap.4 lessons · 3h 25m+

   • The Code of Ethics for Professional Accountants75 min
   • Fraud and error60 min
   • Professional liability55 min
   • Module 2 quiz15 min
3. 03C. Quality managementQuality management at firm level under ISQM 1, engagement quality reviews under ISQM 2 and quality on each audit under ISA 220 (Revised), with how to evaluate a firm's system and an engagement in a scenario. The module then covers the commercial side of practice: advertising, fee setting, lowballing, contingent fees, commissions and tendering. It ends with professional appointments: client and engagement acceptance, professional clearance, the preconditions for an audit and agreeing the terms under ISA 210.4 lessons · 3h+

   • Quality management at firm and engagement level65 min
   • Advertising, tendering, obtaining work and fees50 min
   • Professional appointments50 min
   • Module 3 quiz15 min
4. 04D. Planning and conducting an audit of historical financial informationHow to plan and perform an audit at AAA level. You will set materiality and evaluate and prioritise the risks of material misstatement in complex scenarios, design evidence for estimates, fair values, related parties and opening balances, audit the SBR-level areas the study guide lists, evaluate the work of experts, internal auditors and service organisations, and plan group audits under ISA 600 (Revised), including component performance materiality, the consolidation and joint audits.6 lessons · 6h 5m+

   • Planning, materiality and assessing the risk of material misstatementFree preview75 min
   • Evidence and testing considerations65 min
   • Audit procedures and obtaining evidence70 min
   • Using the work of others
5. 05E. Completion, review and reportingHow the auditor completes the audit and reports on it at AAA level. You will apply ISA 560 and ISA 570 (Revised 2024) to subsequent events and going concern, carry out the final review as a reviewer would, including uncorrected misstatements, written representations and the engagement quality review, form and justify opinions and critique draft auditor's reports, with key audit matters, emphasis of matter and other matter paragraphs and the public interest entity amendments, and assess and draft reports to those charged with governance and management.5 lessons · 4h 55m+

   • Subsequent events and going concern70 min
   • Completion and final review70 min
   • Auditor's reportsFree preview80 min
   • Reports to those charged with governance and management
6. 06F. Other assignmentsThe work audit firms do beyond the statutory audit: reviews, agreed-upon procedures and compilations, due diligence, reviews of interim financial information, examinations of prospective financial information under ISAE 3400 and forensic investigations. The module also covers the audit of performance information against pre-determined objectives in the public sector, how assurance reports differ from auditor's reports and when to modify a conclusion, and sustainability assurance under ISSA 5000.6 lessons · 5h 35m+

   • Audit-related and assurance services60 min
   • Specific assignments: due diligence, interim reviews, prospective financial information and forensic audits75 min
   • The audit of performance information in the public sector55 min
   • Reporting on other assignments60 min
7. 07G. Current issues and developmentsHow to discuss what is changing around audit and assurance: recent revisions to the IESBA Code and ACCA's Code and the emerging ethical issues facing firms, the move to a global baseline for sustainability assurance with ISSA 5000 and the challenges that remain, and developments in auditing standards, technology and the audit market, together with the effect of global events on audit practice. The lessons show how to build balanced, reasoned arguments, and point you to ACCA's examinable documents and the standard-setters' websites to stay current.4 lessons · 3h 5m+

   • Professional and ethical developments55 min
   • Developments in sustainability assurance50 min
   • Other current issues in audit and assurance65 min
   • Module 7 quiz15 min
8. 08H. Professional skillsThe four professional skills that AAA-INT marks alongside the technical content: communication, analysis and evaluation, professional scepticism and judgement, and commercial acumen. Each lesson explains what the skill means in the AAA marking as the study guide describes it, sets a weak answer against a strong one on the same audit scenario, from a planning risk evaluation to a critique of a report, and shows you how to practise. The module finishes with a quiz.5 lessons · 3h 45m+

   • Communication50 min
   • Analysis and evaluation55 min
   • Professional scepticism and judgement55 min
   • Commercial acumen50 min
   • Module 8 quiz
9. 09I. Employability and technology skillsHow to work in the computer-based AAA-INT exam: its structure and where the professional skills marks sit, budgeting your time across the planning case study and the two Section B questions, reading requirements for their verb and scope, and setting out risk evaluations, procedures, completion matters and auditor's report implications so that a marker can follow them. The module finishes with a quiz on exam technique.2 lessons · 1h 5m+

   • The AAA exam: answering scenario questions50 min
   • Module 9 quiz15 min

• ARegulatory Environment
• BProfessional and Ethical Considerations
• CQuality Management
• DPlanning and conducting an audit of historical financial information
• ECompletion, review, and reporting
• FOther assignments
• GCurrent Issues and Developments
• HProfessional skills
• IEmployability and technology skills

Questions