Advanced Audit & Assurance (AAA)

Master complex audit engagements and assurance services for organizations in diverse sectors.

Professional Level Optional Paper Global Pass Rate: 30%
Advanced Audit & Assurance

About AAA

Advanced Audit and Assurance (AAA) develops your ability to analyze, evaluate, and conclude on assurance engagements and other audit and assurance issues in the context of best practice and current developments.

AAA builds on your knowledge from the Audit and Assurance (AA) exam and focuses on developing the professional skills required of a senior audit practitioner or advisor. You'll learn how to assess ethical issues, evaluate information systems, plan audit assignments, and provide professional advice on audit and assurance matters.

Why AAA is Important

AAA is essential for anyone pursuing a career in auditing, assurance, or risk management. It provides the technical knowledge and professional judgment needed to:

  • Plan and perform audit assignments in complex scenarios
  • Evaluate findings and formulate appropriate opinions and reports
  • Provide advice on assurance engagements and other professional services
  • Apply ethical principles to audit and assurance situations

Exam Details

Duration: 3 hours 15 minutes
Pass Mark: 50%
Availability: March, June, September, December
Format: Computer-based exam

AAA Syllabus Areas

Regulatory Environment

  • International regulatory frameworks for audit and assurance
  • Professional ethics and ACCA's Code of Ethics
  • Legal and professional requirements
  • Money laundering regulations
  • Fraud and error responsibilities

Professional & Ethical Considerations

  • Fundamental ethical principles
  • Threats to independence and safeguards
  • Professional skepticism and judgment
  • Confidentiality and conflicts of interest
  • Quality control procedures

Practice Management

  • Accepting and continuing engagements
  • Client and engagement risk assessment
  • Fee setting and tendering
  • Using the work of experts and internal audit
  • Audit firm structure and governance

Audit Planning & Risk Assessment

  • Planning audit engagements
  • Assessing audit risk
  • Materiality considerations
  • Understanding the entity and its environment
  • Evaluating internal control systems

Audit Evidence & Procedures

  • Sufficient appropriate audit evidence
  • Audit sampling techniques
  • Specific audit areas and transactions
  • Audit of accounting estimates
  • Related parties and going concern

Completion & Reporting

  • Evaluating misstatements and audit findings
  • Subsequent events review
  • Auditor's reports and opinions
  • Emphasis of matter and other matter paragraphs
  • Reporting to those charged with governance

Professional Skills Developed

Analytical Skills

Ability to analyze complex audit scenarios and identify key issues

Professional Judgment

Apply professional judgment to audit and assurance matters

Risk Assessment

Identify and assess audit risks in complex business environments

Reporting Skills

Formulate appropriate audit opinions and reports for different scenarios

Ethical Reasoning

Apply ethical principles to resolve audit and assurance dilemmas

Critical Evaluation

Critically evaluate audit evidence and form evidence-based conclusions

Start Your AAA Journey Today

Master advanced audit and assurance techniques with our comprehensive AAA course