ACCA F8 – Audit & Assurance (Crash Course)

By M. Sajid Kapadia
The paper is introduction to audit and assurance engagements governed by regulatory framework, ISAs and ethical conduct that students are required to adhered to. v=qo3wy_cY_ro

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The paper is introduction to audit and assurance engagements governed by regulatory framework, ISAs and ethical conduct that students are required to adhered to. The paper outlines the engagement acceptance procedures and conduct of audit through planning and risk assessment including understanding of entity’s internal controls, evaluation of the audit evidence, auditor’s conclusions thereon and form and content of the audit reporting. The paper require student to identify potential control deficiencies in a client reporting system and their impact on the overall audit methodology. Further implications of specific auditing standards including Going Concern and Subsequent Events on the final reporting stage are also addressed in the paper.

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Sajid Kapadia - TSB Education


Sir M. Sajid Kapadia (ACA, FCCA, APA, PIPFA, M.A [Economics]) a legendary figure in the field of teaching. M. Sajid Kapadia is a prominent instructor of F8 paper and P7 paper in ACCA and CAF 9 of CA (ICAP). He carries with him a vast experience of more than 15 years of teaching with more than 30,000 students to date. He is Managing Director & Principal of KnS Institute of Business Studies, Karachi. Previously he has worked for Ernst and Young Pakistan, Siemens Pakistan and Lakson group of Companies.

The KnS Institute of Business Studies, since 2007, is a professional training college offering a full range of accountancy and financial courses, run by an experienced and outstanding team of lecturers who are themselves ACCA’s and Chartered Accountants in very reputed organizations and companies. It is the first accountancy college ever to offer full tuition for all 16 papers of ACCAand complete faculty for all CA Modules.It provides about 1500+ students from different backgrounds with a unique study experience: quality tuition at an affordable price, with flexible course options.


A Audit framework and regulation

1. The concept of audit and other
assurance engagements
2. External audits
3. Corporate governance
4. Professional ethics and ACCA’s Code of
Ethics and Conduct

B Planning and risk assessment

1. Obtaining, accepting and continuing
audit engagements
2. Objective and general principles
3. Assessing audit risks
4. Understanding the entity and its
5. Fraud, laws and regulations
6. Audit planning and documentation

C Internal control

1. Internal control systems
2. The use and evaluation of internal
control systems by auditors
3. Tests of controls
4. Communication on internal control
5. Internal audit and governance and the
differences between external audit and
internal audit
6. The scope of the internal audit function,
outsourcing and internal audit

D Audit evidence

1. Financial statement assertions and audit
2. Audit procedures
3. Audit sampling and other means of
4. The audit of specific items
5. Automated tools and techniques
6. The work of others
7 Not-for-profit organisations

E Review and reporting

1. Subsequent events
2. Going concern
3. Written representations
4. Audit finalization and the final review
5. The Independent Auditor’s Report

1 review for ACCA F8 – Audit & Assurance (Crash Course)

  1. Uzair

    Courses are awesome for learning on your own

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