ACCA AA PER Support

Practical Experience Requirement

Before you can qualify as an ACCA member, you not only have to pass all your exams but also fulfil a
three year practical experience requirement (PER). To help you recongise areas of the syllabus that
you might be able to apply in the workplace to achieve different perofrmance objectives, we have
introduced the ‘PER alert’ feature in your Workbook. This feature aims to remind you that what you
are learning to pass your ACCA exams is equally useful to fulfill the PER requirement. We have also
highlighted the key chapters from your Workbook notes to assist you.

Full details of the PER can be found on the ACCA website:

http://www.accaglobal.com/uk/en/student/practical-experience.html

There are five objectives relevant to AA:

PO1 Ethics and professionalism

PO4 Governance, risk and control
PO18 Prepare for and plan the audit and assurance process
PO19 Collect and evaluate evidence for an audit or assurance engagement
PO20 Review and report on the findings of an audit or assurance engagement
Remember that your achivement of the PER should be recorded in your online My Experience record.

Performance
Elements Workbook Chapter
Objective
1a Act diligently and honestly, 5 – Professional ethics and quality
following codes of conduct, taking management procedures
into account – and keeping up-to-
date with legislation
1b Act with integrity, objectivity, 5 – Professional ethics and quality
professional competence and due management procedures
care and confidentiality. You
should raise concerns about non-
compliance.
1e Interrogate, critically analyse and 5 – Professional ethics and quality
assess data and other information management procedures
with professional scepticism. You 6 – Risk assessment
should challenge opinion and facts
through corroboration and robust
testing.
Performance Elements Workbook Chapter
Objective
4a Provide and present information at 3 – Corporate governance
the appropriate time to comply
with organisational requirements
and external regulation.
4d Assess the risk of failures in the 10 – Tests of controls
internal controls and procedures in
your area of responsibility.
18a Become familiar with the scope 5 – Professional ethics and quality
and services to be provided. management procedures
18b Identify ethical requirements at the 5 – Professional ethics and quality
start of an engagement or internal management procedures
audit investigation.
18c Use up-to-date auditing standards Throughout
and legal and ethical frameworks.
18d Determine levels of risk and use 6 – Risk assessment
them to document the audit plan. 7 – Audit planning and documentation
Design programmes and plan
tests for an internal or external
audit or assurance engagement
using appropriate technology to
assist the process.
18e Evaluate risk in an organisation’s 10 – Tests of controls
internal control structure and make
any necessary changes to the
audit programme/plan of work.
19a Coordinate the engagement, 4 - Internal audit
including managing people and 8 - Introduction to audit evidence
time to make sure you get results. 12 - Non-current assets
19b Carry out and document 9 – Internal control
compliance, substantive tests and 10 – Tests of controls
other audit or assurance work 11 – Audit sampling and automated tools
and techniques
using appropriate technology to
12 – Non-current assets
assist the audit and assurance 13 – Inventory
procedures. 14 – Receivables
15 – Bank and cash
16 – Payables and accruals
17 - Non-current liabilities, capital and
director’s emoluments
18 – Not-for-profit organisations
19c Evaluate evidence, demonstrate 6 – Risk assessment
professional scepticism,
investigate areas of concern and
make sure documentation is
complete and all significant issues
are highlighted.
Performance Elements Workbook Chapter
Objective
19d Assess that the audit evidence is 8 – Introduction to audit evidence
sufficient and appropriate.
19e Identify that main factors to be 20 – Reports
considered before forming an
opinion and reaching judgements.
20a Review the performance of an 19 – Audit review and finalisation
audit; making sure that the
evidence is accurate, complete
and sufficient.
20b Contribute to identifying and 19 – Audit review and finalisation
resolving audit or assurance
issues and make sure there are no
outstanding queries.
20c Discuss the findings and 10 – Tests of controls
implications of an audit or 20 – Reports
assurance engagement with
management and governance
teams.
20d Draft written representations and 10 – Tests of controls
report significant control 19 – Audit review and finalisation
deficiencies to management and
governance teams.
20e Prepare audit reports in 20 - Reports
accordance with relevant
standards, regulations and
legislation.