In this AAA intensive revision course, you will revise all the International Standards on Auditing (ISAs), ISRE, and ISQC1 standards. I will teach you step-by-step how to attempt the examination questions. Using the actual past year's questions as the tutorial questions, I show you how to write good answers.

Examination Structure

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The duration of the examination is three-hour 15 minutes.

The examination is constructed in two sections. Questions in both sections will be largely discursive. However, candidates will be expected, for example, to be able to assess materiality and calculate relevant ratios where appropriate.

Section A

Section A will comprise a Case Study, worth 50 marks, set at the planning stage of the audit, for a single company, a group of companies, or potentially several audit clients. Candidates will be provided with detailed information, which will vary between examinations, but is likely to include extracts of financial information, strategic, operational, and other relevant financial information for client business, as well as extracts from audit working papers, including results of analytical procedures. The 50 marks will comprise 40 technical marks and 10 professional skills marks. All professional skills with be examined in Section A.

Section B

Section B will contain two compulsory 25-mark questions, with each being predominately based on a short scenario that may relate to more than one client. The 25 marks will comprise 20 technical marks and five professional skills marks. Section B questions will examine a combination of professional skills appropriate to the question. Each question will examine a minimum of two professional skills analysis and evaluation, professional skepticism and judgment, and commercial acumen

One question will always predominantly come from syllabus section E, and consequently, candidates should be prepared to answer a question relating to completion, review, and reporting. There are a number of formats this question could adopt, including, but not limited to, requiring candidates to assess going concerns, the impact of subsequent events, evaluating identified misstatements, and the corresponding effect on the auditor’s report. Candidates may also be asked to critique an auditor’s report or evaluate the matters to be included in a report which is to be provided to management or those charged with governance.