This video is a complete guide of how to pass the ACCA Advanced Audit and assurance exam, with the following content explained in detail:
ACCA AAA Pass Rates
AAA Exam Variants: (INT) and (UK) Versions
Optional papers
Order of the exam
SBR and AAA
Exam Duration, Marks Allocation
Exam format
AAA Syllabus – Main capabilities from ACCA Official Syllabus and Study Guide
AAA Examiner Reports and Technical Articles
AAA Exam Strategy
Past Exams
AAA Exam technique (Our own three top tip activities)
Examiner highlights

We start with ACCA AAA exam recent pass rates, compared to other SP level papers, and make sure you are aware that the AAA exam can be taken in any order. Besides, if you wish to obtain PC and AQ, please do choose the UK version.

We also explain the relationship between SBR (Strategic Business Reporting) and the AAA exam, we highly recommend students to pass SBR first before AAA, or at least sit these two papers together, as there are lots of overlaps in terms of IFRS related knoweldge.

The current AAA exam is 195 minutes, and 100 marks split into 80 technical and 20 professional ones. We highly recommend students to use first 15 minutes to plan the answer, especially for Q1, before writing the answer using the remaining 180 minutes.

All questions (3 questions) are compulsory. with different focus, ie Q1 focuses on:
Business risks;
Risks of Material Misstatement (ROMM), or Audit Risk;
Audit procedures on certain IFRS issues such as classification of investment (Sept 2022 AAA Past exam question); PP&E (Sept/Dec 2021 AAA Past exam question) etc.
Certain audit related areas, such as impact outsourcing the credit control function (Dec 2022 AAA Past exam question); Auditor’s responsibilities regarding compliance with laws and regulations (Sept 2022 AAA Past exam question).
Ethical issues such as money laundering (March/June 2022 AAA Past exam question); Conflict of interest (Sept/Dec 2021 AAA Past exam question).
Besides, 10 professional marks are in Q1, with standard communication marks covering Briefing note format and structure; Style, language and clarity; Effectiveness and clarity of communication; Adherence to the specific requests made by the partner.
Other professional skills are also included in this question, including Analysis and Evaluation; Professional scepticism and professional judgement; Commercial acumen.

Q2 and Q3 usually focus on:
Practice management issues such as acceptance stage, combining with Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Agreements and ISA 220 Quality control for an audit of Financial Statements.
Ethical related questions.
Particular issues in audit, such as group audit.
Non audit engagements such as ISAE 3400 The Examination of Prospective Financial Information, the most common area is the intended use and format of the Prospective Financial Information (PFI) as well as the related procedures to check the PFI information.
Review and report stage, common areas include Subsequent Events, Uncorrected Misstatements, Going Concern Assessment.
Professional marks are 5 marks each for Q2 and Q3, covering some of the following areas: Analysis and Evaluation; Professional scepticism and professional judgement; Commercial acumen.

Syllabus areas are divided into from area A up to area I. Make sure you will cover examiner report and technical articles, these really help with the AAA exam. Our top three activities are also included:
AAA Exam technique (Our own three top tip activities)
Activity 1.
Plan the time

Activity 2.
Plan the standard answer and approach

Activity 3.
Plan the content

Overall, we share the best tutor tips from our years of experience of how to pass the AAA exam in detail, and this is one of the most effective approach helping students pass the exam in 2024. All our materials are updated to tailor the 2024 AAA exams.

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