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ACCA AAA – Advanced Audit and Assurance

Advanced Audit and Assurance (AAA) is one of the options exams and part of final exam hurdle before you become an ACCA member. Besides the importance from other courses and exam perspective, the significance of this subject from practical viewpoint cannot be ignored as audit and assurance will always hold a central position regardless of the role a professional accountant is engaged in.

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(3 customer reviews)

COURSE DESCRIPTION

Advanced Audit and Assurance (AAA) is one of the options exams and part of final exam hurdle before you become an ACCA member. Besides the importance from other courses and exam perspective, the significance of this subject from practical viewpoint cannot be ignored as audit and assurance will always hold a central position regardless of the role a professional accountant is engaged in.

Despite being a critical success factor as students and professionals, the course is often considered as relatively straightforward, given less preparation time or falls on the lower side of the priority list – thus students often take multiple attempts to pass the paper.

The course is designed based on feedback from ACCA Global and aims to provide students with sufficient practice such that they have a good understanding of syllabus content and have the ability to apply their knowledge to different scenarios, appreciating the differences between scenarios. The course will also include an overview of important financial reporting concepts to enhance the ability to apply the underlying financial reporting concepts and audit knowledge from previous studies alongside the new technical areas covered in the AAA syllabus.

COURSE FEATURES

  • Extensive course coverage.
  • Revision of important IAS and IFRS.
  • Focus on drafting techniques.
  • Extensive ACCA past papers practice.
  • Practice from other processional bodies past papers.
  • Practical examples.
  • Linking and logical understanding of ISA, IAS and IFRS.
  • Notes, summaries, topic wise past papers and suggested answers.
  • Real-time assessments and case studies.
  • Revised question bank with new questions.
  • Mock assessments (with feedback).
  • No cost/ hassle to travel.
  • Live sessions with Sir Rajlain H. Qazi!
  • Resolution of queries on a WhatsApp group.

INSTRUCTOR

Rajlain

Rajlain H. Qazi

Rajlain H. Qazi (RQ) is a Qualified Chartered Accountant from Institute of Chartered Accountants of Pakistan (ICAP) and has been providing Assurance and Business Advisory services for 5+ years. Currently Managing Director of a rapidly growing professional accounting and business advisory firm, RQ was previously associated with PricewaterhouseCoopers (PwC) New Zealand and Pakistan offices, where he developed thorough expertise in fields of audit, accounting and business advisory, particularly as they relate to international environment.

A part from his professional engagements, RQ has been teaching ACCA Advanced Audit & Assurance (AAA) at KnS School of Business Studies for 2+ years. He has also taught Audit & Assurance to CA (ICAP) and ICMAP professional level Students.

RQ has a thrive to stay abreast of latest technology despite myriad of challenges and feels a need to provide learning facilities to qualified and willing students who otherwise are unable to join regular classes due to various reasons.

RQ has designed this course in immaculate detail considering guidelines issued by ACCA Global through suggested answers of past papers, comments in the examiner reports and technical articles issued by the examination team. Through his unique style of connecting audit to real life scenarios and problems, RQ hopes that the course will tremendously help students to polish their audit concepts and will increase their chances to success.

Hasnain Badami - TSB Education

Hasnain R. Badami

Hasnain Raza Badami is a qualified Chartered Accountant with cumulative experience of 11+ years in the profession. He also holds a master’s degree in Philosophy – with critical thinking as his area of research interest. His particularly versatile academic background from humanities and business is what makes his classrooms a thoroughly intriguing experience.

Hasnain believes in learning through experience and stories. His real life stories come from his equally diverse experience working in large local and multinational organisations, as well as from training professionals, teachers, and students. More specifically, he has worked with Ernst & Young (Karachi, Dubai and Jeddah offices) and also with Internal Audit function at Engro Polymer before he finally quit Engro to pursue his passion for learning and development work. Presently, he is the co-founder and Director of Ingenium Business solutions that is working in leadership, finance, and digital learning space.

COURSE CURRICULUM

REGULATORY ENVIRONMENT 

  • International regulatory frameworks for audit and assurance services
  • Money laundering
  • Laws and regulations

PROFESSIONAL AND ETHICAL CONSIDERATIONS 

  • Code of Ethics for Professional Accountants
  • Fraud and error
  • Professional liability

QUALITY CONTROL AND PRACTICE MANAGEMENT 

  • Quality control (firm-wide)
  • Advertising, tendering and obtaining professional work and fees
  • Professional appointments

PLANNING AND CONDUCTING AN AUDIT OF HISTORICAL FINANCIAL INFORMATION

  • Planning, materiality and assessing the risk of material misstatement
  • Evidence and testing considerations
  • Audit procedures and obtaining evidence
  • Using the work of others
  • Group audits

COMPLETION, REVIEW AND REPORTING

  • Subsequent events and going concern
  • Completion and final review
  • Auditor’s reports
  • Reports to those charged with governance and management

OTHER ASSIGNMENTS

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

CURRENT ISSUES AND DEVELOPMENTS 

  • Professional and ethical developments
  • Other current issues

COURSE MONTHLY PLAN

COURSE PLAN

3 reviews for ACCA AAA – Advanced Audit and Assurance

  1. Fahad

    One of the best teaching methodologies they have! Guided us thoroughly with efficient drafting skills and with full course coverage (with accounting standards). Recommended without any doubt!

  2. Khizar

    Highly recommend sir rajlain for this course he have good grip on all concepts of audit and has great knowledge of accounting standards. He does extensive coverage of past paper, and also have detailed knowledge of technical articles published by acca which enables him to guide students perfectly about drafting technique.

  3. Rida

    Sir Rajlain H. Qazi has unique teaching methodology which separates him from others such as emphasising on drafting techniques through his exam focused approach and reviewing answers of individual student, support till exam day, he is kind and friendly with his students and lastly the mock assessment which he conducts that raises student’s confidence.

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