Standard September 2025

Agency relationship, Assurance Engagement, types of assurance, limitations of audit, ACCA Study Hub OTQs, Statutory/non Statutory Audit, True & Fair View


Lecture Video

Lecture 1 Concept of Assurance Engagement & Audit 

Regulatory environment for audit, Rights and duties of audit, appointment & removal of audit, Development of IAASB standards , Corporate Governance, Petra co 

Regulation of Audit, Corporate governance , Internal Audit

Study Hub OTQs ,Audit cycle , Acceptance of Audit, Preconditions for Audit, Engagement Letter, Components of control system 

Acceptance of Audit, Internal controls & TOC (Lecture 1)

documentation of controls, walk through Test, Purchase system, Sales system , Payroll system , Test of controls 

Internal controls & TOC (Lecture 2)

Art of writing Test of controls With examples ( Do’s and Dont’s)

controls and test of controls class work

Internal controls and TOC (Lecture 3)

Explaining Direct controls in Exam , Practice Questions (Whittaker co, Castle Courier co)

Whittaker co & Castle courier co (direct controls)

Internal Controls and TOC (Lecture 4)

Practice Questions on Direct controls (Petra co, snowdon co)

Petra co & snowdon ( direct controls questions)

Internal Controls and TOC (Lecture 5)

Internaln controls & Direct controls (Equestrian Co)

Internal controls and TOC (Lecture 6)

Deficiencies in control and Recommendations Practice Question (Pomeranian co , Raspberry co)

Pomeranian co

Internal controls and TOC (Lecture 7)

FS Assertion, Substantive Tests, (PPE, SALES, RECEIVABLES ,Payables, )

Substantive Tests (Lecture 1)

Substantive Tests , OTQs from Kaplan kit and study hub 

Substantive Tests (Lecture 2)

Substantive Tests, Practice Question (Purrfect co)

Purrfect co 

Substantive Tests  (Lecture 3)

Substantive Tests, Practice Question (Sagittari co)

Sagitttarii co

Substantive Tests (Lecture 4)

Substantive Tests on Payroll, Directors; Emolument, Inventory Count, Substantive on Cash & bank

Substantive Tests (Lecture 5)

overview of substantive Tests , Encore co ( Practice Questions)

Encore co - substantive tests 

Substantive Tests (Lecture 6)

Sufficient & appropriate Evidence, Sampling for audit, Relying on work of Experts and Internal Audit, Gooseberry Co (Practice Question)

Gooseberry co ( substantive tests)

Substantive Tests (Lecture 7)

Service organization, IT related controls and CAATs , Danube Co (Practice Questions )

Class work - Danube co - substantive tests

Substantive Tests (Lecture 8)

Jasmine com, Hyacinth co (practice Questions)

Substantive Tests Practice (Jasmine co , Hyacinth co )

Substantive Tests (Lecture 9)

Audit Strategy , Audit Plan, ISA 315 , Analytical Procedures, Audit Risk, Explaining Audit Risk in Exam with examples 

Audit Planning , Audit Risk (Lecture1)

Audit Risk (Lecture 2)

CLass work _ Peach Co

Audit Risk (Lecture 3)

Audit Report

Topic explanation, Practice on subsequent events (Hyacinth co, Heron co)

Class work sheet - Heron co, Hyacinth co

Overall review and Subsequent Review 

OTQs from Study hub 
Going concern scenarios (spadefish co, Jasmine co ) 

Audit and Assurance - September 2025

Course content