AA Textbook Syllabus
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What the Examiner Wants
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Syllabus A
Audit Framework And Regulation
A1Concept of Audit & Assurance Engagements
General Principles
0:53
Development of assurance engagements
Accountability, Stewardship and Agency
0:50
Assurance Engagements
1:43
5 Elements of Assurance engagements
1:16
Types of assurance engagement
Levels of Assurance
1:22
True and Fair & Reasonable Assurance
5:46
A2External Audit
Regulatory Environment for External Audits
Mechanisms for Regulating Auditors
Appointment of the Auditor
1:37
Auditor Removal
1:28
Duties / Rights of the Auditor
5:50
Limitations of external audits
The development and status of ISAs
The relationship between ISAs and national standards
Syllabus B
Planning And Risk Assessment
B1Obtaining and accepting audit engagements
Professional ethics and the new audit engagements
2:07
Preconditions for an audit
New engagement process
2:49
Engagement letter
1:56
Principles & Purpose
1:37
Definitions for Quality Control
Elements of a QC system
5:13
Engagement Performance
1:40
Assigning the Audit Team
Individual level of Quality Control
B2Objective and general principles
Auditor Objectives
0:59
Professional Scepticism and Judgement
1:14
B3Assessing audit risks
Components of Audit Risk
16:57
Affecting Audit Risk
2:21
Materiality
3:20
B4Understanding the entity and its environment
How to get Initial Understanding
2:09
Risk Assessment Procedures
Risk assessment Procedures - sexy diagram
Analytical Procedures in Planning
3:46
Key ratios used in analytical procedures
Syllabus C
Internal Control
C1Internal control systems
Understanding the Controls
The 5 components of Internal Control
4:06
C2The use and evaluation of internal control systems by audito
How Auditors Record Systems
How Auditors Identify Deficiencies
Evaluation of Internal Controls
C3Tests of control
Application & General IT controls
Revenue (Sales Cycle)
Purchases
Payroll
Inventory System continued
Bank & Cash
Capital expenditure
C4Communication on internal control
Reporting on Internal Controls
Management Letters
The need for auditors to communicate with TCWG
C5Internal audit and corporate governance
Is there a need for Internal audit?
1:36
Best practice for Internal Audit
2:49
Internal v External Audit
0:55
Syllabus D
Audit Evidence
D1Financial statement assertions and audit evidence
The Assertions Explained
3:19
Using Assertions
Quality and Quantity of Evidence
3:34
The relevance and reliability of audit evidence
D2Audit procedures
Procedures for obtaining evidence
Analytical procedures
4:04
Auditing Accounting Estimates
0:47
Smaller Entity Evidence
Control v Substantive Tests
3:24
D3Audit sampling and other means of testing
Definition & need
Statistical or non-statistical?
Methods of Sampling
Misstatement or deviation
D4The audit of specific items
Receivables - The Assertions
Receivables - Direct Confirmation
7:14
Receivables - Other Evidence
1:06
Receivables - Prepayments
Revenues - Substantive procedures
Inventory - and the Assertions
Inventory - The Physical Count
Inventory - Possible Count Weaknesses
Inventory - Valuation
Inventory - Cut-off
Payables - Trade
Payables - Accruals
Payables - Provisions
Payables - Non-current Liabilities
Bank & Cash
Non-current Assets - Tangible
Non-current Assets - Intangible
Share capital, reserves and directors’ emoluments
D5Computer-assisted audit techniques
Using CAATs
Benefits and Challenges of Using Automated Tools
D6The work of others
Why Rely on Experts?
1:46
Why Rely on Internal Audit?
1:49
Using service organisations
D7Not-for-profit organisations
How is the Audit Different?
Syllabus E
Review And Reporting
E1Subsequent events
Purpose of a Subsequent Events Review
Auditor responsibility for Subsequent Events
4:30
Adjusting Events
Adjusting Events - Diagram
E2Going concern
Going Concern Responsibilities
The need for going concern reviews
Going Concern Review & Indicators
5:03
Going Concern Disclosures and Reporting
E4Audit finalisation and the final review
Final Review
Evaluation of Misstatements
E5Independent Auditor’s report
Structure of an Unmodified Audit Report
Audit Opinion
EOM and Other Matter Compared