Getting to know

AAT30403
AUDIT &
ASSURANCE II

NOORUL AZWIN BINTI MD NASIR

@Madam Awin
 Audit & Assurance course is essentially divided into five (5) areas.

AAT 30403 Audit & Assurance II

SYNOPSI This course covers the three areas that are internal control,
audit evidence and also review and reporting. The syllabus
starts with understanding the internal control relevant to
S the audit up to outsourcing and internal audit assignments.
Students will also be exposed to audit evidence and audit
procedures and finally the review and reporting process. In
the process, it is been outlined the responsibilities of
auditors and management regarding going concern issue.
 COURSE LEARNING
OUTCOME
1. Evaluate internal controls, techniques and audit tests,
including IT systems to identify and communicate
control risks and their potential consequences, making
appropriate recommendations
2. Explain how consideration of subsequent events and
the going concern principle can inform the conclusions
from audit work and are reflected in auditor’s report.
3. Evaluate the audit procedures to obtain sufficient
appropriate evidence in relation to Statement of
Financial Position.
 AAT30103 AUDIT & ASSURANCE I
A Audit framework and regulation
B Planning and risk assessment
AAT30403 AUDIT & ASSURANCE II
C Internal control
D Audit evidence
E Review and reporting
 Chapter 11 Audit sampling and automated tools and techniques
1 - Selecting items for testing
- Audit sampling
Chapter 11 Audit sampling and automated tools and techniques (CON'T)
2 - Automated tools and techniques
- Audit data analytics (ADA)

Chapter 12 Non-current assets

3 - Key assertions
- Tangible non-current assets
- Intangible non-current assets
Chapter 13 Inventory
- Introduction to auditing inventory
4 - The physical inventory count
- Inventory valuation
SYLLABUS - Using the work of internal audit
Chapter 14 Receivables
5 - Audit of receivables
- Revenue

6 Chapter 14 Receivables (CON'T)

- Testing prepayments

Chapter 15 Bank and cash

7 - Introduction
- Audit of bank balances
- Audit of cash balances

Chapter 16 Payables and accruals

8 - Introduction
- Payables and purchases
 9 Chapter 16 Payables and accruals (CON'T)
- Accruals and Payroll
Chapter 17 Non-current liabilities, capital and directors’ emoluments
- Non-current liabilities
10 - Provisions and contingencies
- Capital
- Directors' emoluments
Chapter 18 Not-for-profit organisations
- Introduction
11 - Planning the audit
- Audit evidence
SYLLABUS - Audit reporting
(con’t…) 12
Chapter 19 Audit review and finalization
- Subsequent events
- Going concern
Chapter 19 Audit review and finalisation (CON'T)
13 - Written representations
- Overall review of financial statements
Chapter 20 Reports
14 - ISA
References 1. ACCA Approved Workbook Audit and
Assurance, BPP Learning Media Ltd
2. ACCA Approved Practice and Revision Kit
Audit and Assurance, BPP Learning
Media Ltd
3. https://www.accaglobal.com/gb/en/stud
ent/exam-support-resources/fundament
als-exams-study-resources/f8.html
4. https://abmagazine.accaglobal.com/asea
n-anz/en.html
 HOW WILL YOU GET AN ‘A’ FOR
YOURSELF?

TEST (29/5/24) REPORT (W13) PRESENTATION (W14) FINAL EXAMINATION

20% 20% 10% 50%
 AAT30103
Audit &
Assurance I
(27 students)
THE END