AA Syllabus and Study Guide
The Audit and Assurance (AA) Syllabus and study guide September 2021 to June 2022 can be downloaded from the AA resources available at Audit and Assurance (AA) | ACCA Global. As summarised on the last two pages:
- A handful of learning outcomes have been revised/reworded/updated to reflect ISA 315 (Revised 2019). Chapters 8, 9 and 12 have been updated accordingly (as summarised below).
- There is a new syllabus area F Employability and Technology Skills (see Chapter 30).
AA Examinable documents
The examinable documents (available from the same link as above) have been updated to include:
- ISA 315 (Revised 2019) Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity
- ACCA’s Code of Ethics and Conduct (January 2020). There are no changes to the Code relevant to the AA examination.
Summary of Significant changes
|8||3. Understanding the entity||3.1 Required understanding updated 3.2 Risk assessment procedures added|
|9||5. Where RoMM can be found||5.3 ISA 315 (Revised 2019) NEW concepts and definitions|
|12||2. Components of internal control 3. Control activities 6. Tests of controls||Updated for ISA 315 (Revised 2019)|
6.1 Direct and indirect controls (formerly “key” and “non-key” controls)
|25||3. Law and Regulations||Chapter expanded to include auditors’ responsibilities for Non-Compliance with Laws and Regulations (“NOCLAR”)|
AA Past exam answers
Great care should be taken when referring to past exam answers which have not been updated. For example, the term “key control” that was not defined in the ISAs has now been termed “direct control”. The AA exam would therefore now use the term “direct controls” per learning outcome C3.b)v) in the syllabus.