Auditing and Assurance Training

Aim for a first-time pass of the Audit and Assurance exam and master auditing best practices!

  • Learn to uncover potential risks and make risk mitigation recommendations
  • Prepare for the Audit and Assurance exam conducted ACCA
  • Distinguish between Internal and External Audit  
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Enhance Audit and Assurance Capabilities

Accounting is one of the most important processes in maintaining the organization’s finances and transparency. Maintaining these parameters will help the organization achieve business objectives, prevent fraud and misappropriation of assets, monitor compliance with company and government policy and help assure customers, shareholders, and investors.

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Highlights

  • Preparation for the ACCA AA (F8) exam 

  • Live instructor-led online training   

  • Experiential learning with case studies   

  • Real-world simulations, case studies

  • Get downloadable copy of courseware   

  • Hands-on learning with group exercises 

The KnowledgeHut Edge

Experiential Workshops

Learn through numerous activities, team-based exercises, practical case studies, and hands-on learning 

Learn from Industry Experts

Engage directly with certified instructors who are also industry experts  

Advanced Curriculum

Acquire skills and master all concepts with the latest and the most updated curriculum  

Practical Training

Learn with the help of practical case studies, hands-on exercises and guided practice 

Build a Strong Foundation

Learn concepts by learning practically through step-by-step guidance and detailed feedback 

Continual Learning Support

Get access to unlimited webinars, e-books, tutorials, articles, and interview questions 

Prerequisites

Prerequisites for Auditing and Assurance Training

There are no prerequisites for attending the course. 

For more information on the exam and the certification, refer to the FAQs. 

Who should attend Auditing & Assurance Training

Senior accountants

Auditors who wish to work for corporates

Professionals interested in international auditing standards

Auditing & Assurance Schedules

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What you will learn

Basic Concepts

Understand the concept and function of audit and assurance, corporate governance, ethics and professional conduct

Distinguish Internal and External Audit

Learn how to distinguish between internal and external audits, their fundamentals and what makes each kind different

Assessment

Understand how to assess misstatements and analyze potential risks arising from fraud in your organization

Risk Management

Suggest and make appropriate recommendations after exposing potential risks

Regulation, Audit and Review

Learn how to perform IT related audits and review various financial statements, manage internal audit reports, statutory reports and other types of reports

Investor Assurance

Learn how to manage and help organizations gain customer and investor assurance 

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Transform Your Workforce

Build Effective Strategies

Strengthen your finance team’s audit and assurance capabilities with the ACCA approved Audit & Assurance course. Enable your teams in building effective auditing strategies and that ensure business success and adherence to stringent financial regulations. 

  • Deliver on best practices with the most up-to-date tools.
  • Align skill development with your business objectives.
  • Leverage KnowledgeHut's Immersive Learning approach.
  • Get in touch for customized corporate training programs. 
Skill Up Your Teams

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Auditing & Assurance Curriculum

1.
  • The concept of audit and other assurance engagements
  • External audits
  • Corporate governance
  • Professional ethics and ACCA’s Code of Ethics and Conduct
  • Internal audit and governance and the differences between external audit and internal audit
  • The scope of the internal audit function, outsourcing and internal audit assignment 
2.
  • Obtaining and accepting audit engagements
  • Objective and general principles
  • Assessing audit risks
  • Understanding the entity and its environment
  • Fraud, laws and regulations
  • Audit planning and documentation 
3.
  • Internal control systems
  • The use and evaluation of internal control systems by auditors
  • Tests of control
  • Communication on internal control 
4.
  • Financial statement assertions and audit evidence
  • Audit procedures
  • Audit sampling and other means of testing
  • The audit of specific items
  • Computer-assisted audit techniques
  • The work of others
  • Not-for-profit organizations 
5.
  • Subsequent events
  • Going concern
  • Written representations
  • Audit finalization and the final review
  • Audit reports 

FAQs

Training

There are no prerequisites for attending the course. 

But the details for the certification and the exam are as follows:

Certification: Clearing the Audit and Assurance exam paper by ACCA will get participants the certificate.

For more information on the same visit: http://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f8/studyguides/f8-sg-d14-j15.pdf

The Exam: The exam is paper based and CBE format.

CBE duration—3 hours 20 minutes

Section A

  • Three OT cases with five OT questions worth 2 marks each, 10 marks per case.
  • 30 marks in total.

Section B

  • Three constructed response questions, each containing a scenario which relates to one or more requirements.
  • Each constructed response question is worth 20 or 30 marks in total.
  • 70 marks in total.

Paper exams duration—3 hours 15 minutes; 100 marks

Section A—15 multiple choice questions

Section B—3 questions 

The target audience for Auditing and Assurance training are:

  • Senior accountants   
  • Auditors who wish to work for corporations   
  • Professionals interested in international auditing standards 

Through this course, you will learn:

  • The concept and function of audit and assurance, corporate governance, ethics and professional conduct
  • How to distinguish between internal and external audits
  • How to assess misstatements and analyse potential risks arising from fraud
  • How to make appropriate recommendations after exposing potential risks
  • How to perform IT related audits and review financial statements
  • How to manage internal audit reports, statutory reports and other types of reports
  • How to help organizations gain customer and investor assurance
  • How to help organizations comply with government regulations and policies 

Workshop Experience

The Auditing and Assurance workshop at KnowledgeHut is delivered through an immersive learning experience platform, via live and interactive instructor-led training sessions.

Listen, learn, ask questions, and get all your doubts clarified from your instructor, who is an experienced practitioner.  

The instructors of this course by KnowledgeHut are industry experts and trainers who themselves have Agile certifications and are a part of organizations actively practicing Agile.  

Our course focuses on engaging interaction. Most class time is dedicated to fun exercises, lively discussions, and team collaboration - all facilitated by the trainer. The focus is on practical solutions to real-world challenges drawn from decades of experience, and leaders in Agile environments.  

Yes, your course material will be provided in advance. You will receive an email with a link to set your password a few days in advance of the scheduled course. You will have access to the study plan and all the course material.  

The course material comprises of the course schedule or study plan, workbooks and all relevant assignments, assessments, or case studies.  

The sessions would be auto recorded on our LMS, subject to permission by the instructor. Based on the permissions, you would have lifetime access to the video recordings of the sessions as well. 

No, you will not yet be able to join the training through phone or tab. Please be prepared to join the training on your laptop or desktop.  

If you miss a class, you can access the recordings of the sessions, provided that the instructor has permitted recordings. At the beginning of every session, there will also be a 10-12-minute recapitulation of the previous class.   

This is an instructor-led live training workshop. 

We currently use the Zoom platform for video conferencing and will soon be adding more integrations with Webex and Microsoft Teams. However, all the sessions and the recordings will be available right from within our learning platform. Learners will not need to wait for any notifications or links or install any additional software.  

Should you have any more questions, please email us on support@knowledgehut.com and we will be happy to get back to you.  

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