Acca aaa s21 Notes

INTRODUCTION TO ADVANCED AUDIT AND ASSURANCE (AAA) (INT/UK)
REGULATION, LEGAL MATTERS AND QUALITY CONTROL
1.
What is Assurance? 
7
2.
Corporate Governance and Auditor Regulation 
11
3.
Appointment as an Auditor 
17
4.
Professional Ethics 
23
5.
Money Laundering 
31
6.
Responding to Non-Compliance with Laws and Regulations (NOCLAR) 
35
7.
Auditors’ Liability 
39
8.
Fraud, Error, the Evaluation of Misstatements and Reporting Control Weaknesses 
43
9.
Quality Control 
47
AUDIT PLANNING AND RISK ASSESSMENT
10.
Audit planning 
51
11.
Risk 
57
12.
Question Practice on Risk 
63
AUDIT EVIDENCE
13.
Audit Evidence 
71
14.
Relevant Accounting Standards 
75
15.
Automated Tools and Techniques 
79
16.
Experts 
83
17.
Internal Audit 
85
18.
Outsourced Accounting Functions 
87
19.
Written Representations 
91
20.
Related Parties 
93
THE AUDIT OF GROUP FINANCIAL STATEMENTS
21.
Group Audits 
97
THE FINAL STAGES OF AN AUDIT
22.
Subsequent Events 
105
23.
The Auditor’s Report 1: Overall Structure 
107
24.
The Auditor’s Report 2: Going concern 
115
25.
The Auditor’s Report 3: Types of Audit Opinion 
119
OTHER ASSIGNMENTS
26.
Types of Assignment 
123
27.
Prospective Financial Information 
125
28.
Forensic Audits 
131
29.
Due Diligence 
135
30.
Social, Environmental and Integrated Reporting 
137
31.
The Audit of Performance Information in the Public Sector (International Syllabus only) 
141
32.
Auditing aspects of insolvency (UK Syllabus only) 
149