In this practice, we will go through ACCA Audit & Assurance (AA) Syllabus on planning and risk assessment while they cover:
1. Obtaining, accepting and continuing audit engagements
2. Objective and general principles
3. Assessing audit risks
4. Understanding the entity and its environment and the applicable financial reporting framework
5. Fraud, laws and regulations
6. Audit planning and documentation
In the following knowledge tests, it covers 1) obtaining audit engagements, 2) objective and general principles and 3) assessing audit risks. It is expected to spend approximately 20 minutes to complete.
In the following knowledge tests, it covers 1) Assessing audit risks, 2) understanding environment and the applicable financial reporting framework, 3) fraud, laws & regulations and 4) audit documentation. It is expected to spend approximately 20 minutes to complete.