ACCA Advanced Audit and Assurance ACCA AAA P7 optional module

This optional ACCA AAA P7 Advanced Audit and Assurance module is designed to help you build on your existing audit and assurance skills gained in earlier modules. If you choose to study this module, you'll learn more about the legal and regulatory frameworks that impact on audit and assurance, as well as how to assess and recommend appropriate quality control policies and procedures in practice management. To achieve the full ACCA membership qualification you will need to complete this course, as well as 12 other modules. Alternatively, you can achieve your ACCA Strategic Professional qualification by completing the ACCA SBL P1 Strategic Business Leader and ACCA SBR P2 Strategic Business Reporting modules, as well as choosing two of the following optional modules:

• ACCA AFM P4 Advanced Financial Management
• ACCA APM P5 Advanced Performance Management
• ACCA AAA P7 Advanced Audit and Assurance

If you're looking to simply develop your management accounting knowledge, you can also study this course on its own. Read our guide to the ACCA course and modules.

Course Content

Section A Regulatory environment

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

Section A Professional and ethical considerations

• Code of Ethics and Conduct
• Fraud and error
• Professional liability

Section C Quality control and practice management

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

Section D 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

Section E Completion, review, and reporting

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

Section F Other assignments

• Audit-related and assurance services
• Specific assignments
• The audit of social, environmental, and integrated reporting
• Auditing aspects of insolvency (and similar procedures)
• Reporting on other assignments

Section G Current issues and developments

• Professional and ethical developments
• Other current issues

Section H Employability and technology skills

• Use computer technology to efficiently access and manipulate relevant information
• Work on relevant response options, using available functions and technology, as required by the workspace
• Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
• Present data and information effectively, using the appropriate tools