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About AA

The ACCA Audit & Assurance (AA) exam tests your understanding of the audit process and its application within professional regulations. It’s 3 hours long, with multiple choice and written sections covering areas like risk assessment, internal controls, and audit evidence. Passing equips you with the foundational knowledge for a career in auditing and assurance. 

Read FAQs for further details

About
AA

About AA

The ACCA Audit & Assurance (AA) exam tests your understanding of the audit process and its application within professional regulations. It’s 3 hours long, with multiple choice and written sections covering areas like risk assessment, internal controls, and audit evidence. Passing equips you with the foundational knowledge for a career in auditing and assurance. 

Read FAQ’s for further details

Exam
Pattern

Exam Pattern

The ACCA Audit and Assurance (AA) exam consists of two sections:

Section A (30 Marks):

  • Three separate case studies (OT cases) presented with five multiple-choice questions each (2 marks each).
  • Focuses on testing your knowledge and application across various areas of the syllabus.
  • Time allocation: Approximately 54 minutes.

Section B (50 Marks):

  • Three written response questions:
    One 30-mark question.
    Two 20-mark questions.
  • Covers broader topics like planning, risk assessment, internal control, and audit evidence, but may include other areas too.
  • Requires demonstration of understanding and application of concepts through written explanations and calculations (where relevant).

Key points:

  • All questions are compulsory.
  • Marks are divided into technical (80%) and professional skills (20%).

Exam Pattern

Section A (30 Marks):

  • Three separate case studies (OT cases) presented with five multiple-choice questions each (2 marks each).
  • Focuses on testing your knowledge and application across various areas of the syllabus.
  • Time allocation: Approximately 54 minutes.

Section B (50 marks):

  • Three written response questions:
    One 30-mark question.
    Two 20-mark questions.
  • Covers broader topics like planning, risk assessment, internal control, and audit evidence, but may include other areas too.
  • Requires demonstration of understanding and application of concepts through written explanations and calculations (where relevant).

Key Points:

  • All questions are compulsory.
  • Marks are divided into technical (80%) and professional skills (20%).

Open Doors to Diverse Industries:

AFM's skills are valuable across industries, from investment banking and consulting to corporate finance and private equity. It enhances your employability and opens doors to exciting career paths in various sectors.

Future-Proof Your Career:

As businesses become increasingly global and complex, the demand for skilled financial strategists is rising. AFM equips you with the knowledge and skills to thrive in this evolving landscape and stay ahead of the curve. So, why choose Sir Shafi for your AFM journey? Sharpen your understanding through topic-wise tests and gain clarity with examiner report analysis. Join a community of success with Sir Ahmed Shafi’ proven track record and global recognition. Deep dive into past papers, evaluate your progress with Kaplan answers, and gain valuable insights. Beyond features, Sir Ahmed Shafi offers an engaging style, supportive community, and dedicated support. Invest in your future and conquer AFM with confidence.

So, why choose

Sir Shafi
for your AA journey?

Learn anytime, anywhere with comprehensive lectures of Sir Ahmed Shafi, you can rewatch and revise. Master concepts with topic-wise tests on our practice platform. His self-designed notes, linked to the LMS, create a seamless learning journey. Plus, benefit from in-depth examiner report analysis, proven success (elevated passing percentage & global top positions), and Kaplan Test Package Answers for self-assessment. Dive deep with past paper rundowns, pre-attempt webinars, mock tests, targeted assignments, and revision sessions. Prepare with confidence and excel in your F8 exam! 

Watch Video

and know the expert introduction of AAA

Why Sir
Shafi

Qualification & Achievements

Qualified
ACCA & ICAEW

15 years

of experience

35 Nationwide Positions

by student in all offered exams

14 positions
by his AAA Students

Corporate Experience
of Big 4 & MNC

Selected multiple times for
ACCA’s officials webinars

View Instructor Profile

Position Holders

Testimonials

Sir Ahmed Shafi's AA course was a game-changer! His interactive lectures, topic-wise tests, and past paper analysis made the complex concepts clear and manageable. I secured the national rank thanks to his exceptional teaching and support!
Akber
Akber
Studying from Sir Ahmed Shafi felt like having a personal mentor. His interactive platform, clear notes, and targeted practice questions made AA less daunting. I secured a top rank in Nepal thanks to his exceptional course!
Fariha
Fariha
Cracking AFM felt impossible until I joined Sir Ahmed Shafi's course. His engaging style, focus on real-world application, and personalized guidance boosted my confidence tremendously. I secured the regional rank with his expert help!
Kahaf Khasim
Kahaf Khasim
Demo Lectures

Experience ACCA F8 Success with Sir Ahmed Shafi’s FREE Demo Class!

Unlock your potential in Audit & Assurance with a complimentary glimpse into Sir Ahmed Shafi’s renowned online course.

Why attend the Demo?

  • Explore his engaging teaching style: Witness firsthand Sir Owais’ clear explanations, practical examples, and interactive approach that make complex concepts understandable and engaging.
  • Gain valuable insights: Get a taste of the comprehensive curriculum, covering essential topics like risk assessment, internal controls, and audit evidence.
  • Discover powerful resources: Experience the platform’s interactive features, practice questions, self-designed notes, and past paper analysis that support effective learning.
  • Ask your questions: Get your doubts clarified and have your specific concerns addressed by Sir Owais himself during the live Q&A session.
  • Make an informed decision: See if Sir Owais’ teaching style and approach align with your learning preferences before committing to the full course.

Don’t miss this opportunity to experience the difference and pave your path to success with Sir Ahmed Shafi!

Select Lecture Language
Course Orientation
by Ahmed Shafi
Watch Lecture
Course Orientation
by Ahmed Shafi
Watch Lecture

Lectures

Demo Lectures

Experience ACCA F8 Success with Sir Ahmed Shafi’s FREE Demo Class!

Unlock your potential in Audit & Assurance with a complimentary glimpse into Sir Ahmed Shafi’s renowned online course.

Why attend the Demo?

  • Explore his engaging teaching style: Witness firsthand Sir Owais’ clear explanations, practical examples, and interactive approach that make complex concepts understandable and engaging.
  • Gain valuable insights: Get a taste of the comprehensive curriculum, covering essential topics like risk assessment, internal controls, and audit evidence.
  • Discover powerful resources: Experience the platform’s interactive features, practice questions, self-designed notes, and past paper analysis that support effective learning.
  • Ask your questions: Get your doubts clarified and have your specific concerns addressed by Sir Owais himself during the live Q&A session.
  • Make an informed decision: See if Sir Owais’ teaching style and approach align with your learning preferences before committing to the full course.

Don’t miss this opportunity to experience the difference and pave your path to success with Sir Ahmed Shafi!

Select Lecture Language
Course Orientation
by Ahmed Shafi
Watch Lecture
Course Orientation
by Ahmed Shafi
Watch Lecture

Lectures

Stay ahead in the Exams with Mirchawala's specialized LMS.
MHA-LMS

Our Specialised LMS provides student with the course in well structured manner which ensure effective and efficient study. Customized Testing system in our LMS helps a student to have actual exam experience while attempting homeworks and Mock Exams.

To discover further key features of our LMS, including Access to recorded lectures library, specialized testing system, access to course attachments and comprehensive progress reports, watch our tutorial video.

Watch LMS Walkthrough

Seamless
Streaming

Access to video
lectures library

resource
libraries

testing
system

Supports Windows,
iiOS, android

Stay ahead in the world of finance with Mirchawala's innovative LMS.
MHA-LMS
Welcome to Mirchawala’s cutting-edge Learning Management System (LMS), the heartbeat of your accountancy journey! Our LMS is a dynamic platform tailored for seamless learning, offering real-time progress tracking, interactive modules, and collaborative study tools.

To discover the key features of our LMS, including personalized study plans, live webinars, resource libraries, discussion forums, and comprehensive progress reports!”

Watch LMS Walkthrough

personalized
study plans

Comprehensive
Recorded Lectures

resource
libraries

discussion
forums

Queries with
Instructor

personalized
study plans

Comprehensive
Recorded Lectures

resource
libraries

discussion
forums

Queries with
Instructor

Course Outline
The Nature, Purpose, and Scope of Assurance Engagements:
  • Introduction to assurance concepts and professional pronouncements.
  • Types of assurance engagements (audit, review, compilation).
  • Regulatory environment and ethical considerations.
  • Understanding the client's business and risk assessment procedures.
  • Developing an audit strategy and audit program.
  • Internal controls framework and their impact on the audit approach.
  • Key internal control concepts and objectives (COSO framework).
  • Evaluating the design and effectiveness of internal controls.
  • Impact of internal controls on the nature and extent of audit procedures.
  • Types of audit evidence (transactional, analytical, substantive).
  • Obtaining and evaluating audit evidence to support assertions.
  • Using technology-assisted audit techniques (CAATTs).
  • Finalization procedures and issuance of the auditor's report.
  • Subsequent events and post-audit review.
  • Professional pronouncements on auditing standards and ethics.
Additional points:
  • The syllabus also covers specific industry considerations for audits of financial institutions and listed companies.
  • International Financial Reporting Standards (IFRS) are the primary accounting framework used in the exam.
  • The exam tests a combination of technical knowledge and professional skills, including judgment, communication, and analytical thinking.
Course Outline
The Nature, Purpose, and Scope of Assurance Engagements:
  • Introduction to assurance concepts and professional pronouncements.
  • Types of assurance engagements (audit, review, compilation).
  • Regulatory environment and ethical considerations.
  • Understanding the client's business and risk assessment procedures.
  • Developing an audit strategy and audit program.
  • Internal controls framework and their impact on the audit approach.
  • Key internal control concepts and objectives (COSO framework).
  • Evaluating the design and effectiveness of internal controls.
  • Impact of internal controls on the nature and extent of audit procedures.
  • Types of audit evidence (transactional, analytical, substantive).
  • Obtaining and evaluating audit evidence to support assertions.
  • Using technology-assisted audit techniques (CAATTs).
  • Finalization procedures and issuance of the auditor's report.
  • Subsequent events and post-audit review.
  • Professional pronouncements on auditing standards and ethics.
Additional points:
  • The syllabus also covers specific industry considerations for audits of financial institutions and listed companies.
  • International Financial Reporting Standards (IFRS) are the primary accounting framework used in the exam.
  • The exam tests a combination of technical knowledge and professional skills, including judgment, communication, and analytical thinking.

Course Outline

Free Resources for AA by Tutor
Here are some videos & study material for AA
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Resources

Frequently Asked Questions
When should students opt for an F8/AA ACCA paper?
  • If students pass F7 and F8, it is advised that they consider taking the F8/AA ACCA paper. The experienced teachers at Mirchawala's Hub of Accountancy are providing this course of study. Prior to understanding the complicated concepts of audit and assurance, students can establish a strong foundation in financial reporting (F7) and financial management (F8) thanks to deliberate sequencing. Students can maximize their study experience and raise their chances of passing the ACCA exam by adhering to this suggested order.
  •      • 3-Part Approach:
  •      • Divide the syllabus into planning, execution, and opinion.
  •      • Apply principles in practice.
  •      • Breakdown Section B Questions:
  •      • Categorize into internal controls, risk assessment, audit procedures, and ethics.
  •      • Prepare for the potential omission of one category in the examiner's questions.
  •      • 5 MCQs a Day:
  •      • Daily practice of 5 MCQs throughout the syllabus.
  •      • Accumulates to around 300 MCQs for better retention.
  •      • Short and sweet answers
  •      • Keep answers within four lines.
  •      • Prioritize clarity and relevance to earn points.
  •      • The EFG Rule:
    E: Avoid the Exclusion of Key Points.
    F: Respond directly to questions, not facts.
    G: Refrain from generalizing answers.
  • Recently, the passing ratio for the audit and assurance ACCA paper has hovered around 40%.
  • It is well known that the F8/AA exam is difficult and requires a strong understanding of audit and assurance concepts. Through effective study methods and practice, students can overcome obstacles and advance in their ACCA qualification process.
  • All questions in the F8/AA exam are compulsory, and the duration is three hours and fifteen minutes. The exam format includes both longer-form and objective questions, with a passing score set at 50%, consistent with other skilled-level exams.
  • Scope of the ACCA F8 exam: assurance engagements, governance, and ethics. audit planning, including ethics, preconditions, engagement letters, and quality control. Auditor objectives, skepticism, judgment, and assessment of audit risks. Internal controls, IT integration, and the role of internal audit. emphasis on ISAs, subsequent events, and the going concern principle. Successful candidates showcase technical proficiency, employability, and tech skills.
  • The AA F8 exam is a three-hour computer-based assessment featuring compulsory questions. Candidates receive an additional 10 minutes for exam instruction review. Three case-based questions totaling ten marks each are included in Section A, along with five 2-mark objective test questions. Section B consists of two 20-mark questions and one 30-mark question covering audit and assurance topics. The combined score of 100 marks provides a thorough assessment of candidates' subject-matter expertise.
Frequently Asked Questions
When should students opt for an F8/AA ACCA paper?
  • If students pass F7 and F8, it is advised that they consider taking the F8/AA ACCA paper. The experienced teachers at Mirchawala's Hub of Accountancy are providing this course of study. Prior to understanding the complicated concepts of audit and assurance, students can establish a strong foundation in financial reporting (F7) and financial management (F8) thanks to deliberate sequencing. Students can maximize their study experience and raise their chances of passing the ACCA exam by adhering to this suggested order.
  •      • 3-Part Approach:
  •      • Divide the syllabus into planning, execution, and opinion.
  •      • Apply principles in practice.
  •      • Breakdown Section B Questions:
  •      • Categorize into internal controls, risk assessment, audit procedures, and ethics.
  •      • Prepare for the potential omission of one category in the examiner's questions.
  •      • 5 MCQs a Day:
  •      • Daily practice of 5 MCQs throughout the syllabus.
  •      • Accumulates to around 300 MCQs for better retention.
  •      • Short and sweet answers
  •      • Keep answers within four lines.
  •      • Prioritize clarity and relevance to earn points.
  •      • The EFG Rule:
    E: Avoid the Exclusion of Key Points.
    F: Respond directly to questions, not facts.
    G: Refrain from generalizing answers.
  • Recently, the passing ratio for the audit and assurance ACCA paper has hovered around 40%.
  • It is well known that the F8/AA exam is difficult and requires a strong understanding of audit and assurance concepts. Through effective study methods and practice, students can overcome obstacles and advance in their ACCA qualification process.
  • All questions in the F8/AA exam are compulsory, and the duration is three hours and fifteen minutes. The exam format includes both longer-form and objective questions, with a passing score set at 50%, consistent with other skilled-level exams.
  • Scope of the ACCA F8 exam: assurance engagements, governance, and ethics. audit planning, including ethics, preconditions, engagement letters, and quality control. Auditor objectives, skepticism, judgment, and assessment of audit risks. Internal controls, IT integration, and the role of internal audit. emphasis on ISAs, subsequent events, and the going concern principle. Successful candidates showcase technical proficiency, employability, and tech skills.
  • The AA F8 exam is a three-hour computer-based assessment featuring compulsory questions. Candidates receive an additional 10 minutes for exam instruction review. Three case-based questions totaling ten marks each are included in Section A, along with five 2-mark objective test questions. Section B consists of two 20-mark questions and one 30-mark question covering audit and assurance topics. The combined score of 100 marks provides a thorough assessment of candidates' subject-matter expertise.
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