The audit of financial statement assertions
This article looks at the effect of revisions to ISA 315, Identifying and Assessing the Risks of Material Misstatements through Understanding the Entity and its Environment with respect to financial statement assertions.
The new auditor’s report
The completion of an IAASB project in 2015 resulted in a set of new and revised standards on auditor reporting. These standards are examinable from the September 2016 exam session, meaning that F8 and P7 candidates will be expected to understand the requirements and responsibilities of the auditor as set out in the standards.
Laws and regulations
It is important that candidates preparing for F8 have an understanding of how laws and regulations affect an audit, not only in terms of the work the auditor is required to do, but also to appreciate the responsibilities of both management and the auditor where laws and regulations are concerned.
Using the work of internal auditors
Also available as a podcast on iTunes
This article focuses on the provision of direct assistance by the internal auditors, which – to date – has been a very controversial issue. Although internal auditors are the employees of the entity, which could result in threats to independence (either in fact or perceived) if direct assistance is provided by the internal auditors, there are benefits relating to this provision which cannot be ignored.
The audit of wages
Also available as a podcast on iTunes
The most common payroll frauds can affect even those companies that appear to have good internal controls. This article sets out to help F8/FAU candidates better identify significant deficiencies in internal control, explain the implications of the deficiencies and recommend appropriate controls. It considers the different stages in a typical wages system – for example, what tasks should be undertaken during both the interim audit and final audit stages – as well as the link between control objectives, controls and audit tests.
The control environment of a company
The purpose of this article is to provide candidates with a more detailed appreciation of matters pertinent to an auditor, focusing on the need for the auditor of a large limited liability company (in the UK – a limited company) to evaluate the effectiveness of the company’s control environment.
ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment (Related to Entity’s Internal Control)
One of the major revisions of ISA 315 relates to the inquiries made by external auditors of the internal audit function since internal auditors have better knowledge and understanding of the organisation and its internal control. This article addresses and highlights the components of internal control.
Candidates tend to perform less well when examined on writing audit procedures. This article helps to clarify the concepts behind audit procedures, and gives advice on how to correctly approach such questions, as well as tips on what to avoid.
It is essential that candidates preparing for the F8 exam understand the respective responsibilities of auditors and management regarding going concern. This article discusses these responsibilities, as well as the indicators that could highlight where an entity may not be a going concern, and the reporting aspects relating to going concern.
This article outlines and explains the concept of audit risk, making reference to the key auditing standards which give guidance to auditors about risk assessment
This article will consider the various sampling methods in the context of F8 and FAU.
This article considers how subsequent events can affect an entity’s financial statements, and discusses the auditing requirements F8 candidates need to know.
Specific aspects of auditing in a computer-based environment
This article provides guidance on various aspects of auditing in a computer-based accounting environment.
A matter of opinion
This article, which is relevant to F8 and P7, revisits the basic principles of forming an audit opinion and looks at how this knowledge should be applied by considering a past P7 exam question.
ISA 330 and responses to assessed risks
Outlining the requirements of ISA 330.
Audit working papers
How working papers provide evidence that an effective, efficient, and economic audit has been carried out.
An outline of the analytical procedures relevant to the audit papers.
This article explains the importance of understanding audit evidence.
ISA 240 (redrafted), auditors and fraud
The definitions given by International Standard on Auditing (ISA) 240 (Redrafted) of fraud and error, and the historical expectations of the audit role.
Exam question 16 debrief<style= background-attachment:=”” background-clip:=”” background-image:=”” background-origin:=”” background-position:=”” background-repeat:=”” background-size:=”” color:=”” font-family:=”” font-size:=”” line-height:=”” margin:=”” padding:=”” vertical-align:=”” white-space:=””>Our CBE question debrief video looks at question 16 from the F8 September 2016 exam. It covers internal controls.
Internal controls (part 1)
来自Kaplan 的讲师Paul Kirkwood重点介绍F8科目关于内部控制的关键考点，以及如何做好内部控制多选题。
Internal controls (part 2)
Bringing an F8 exam question to life
Exam techniques and last-minute tips
ACCA 教育技术顾问Julie Corkish根据考官的定期评价，深入浅出地分析决定考试通过还是失败的关键因素。
Changes to the ACCA Qualification skills module, Professional level and Foundations in 2016–17
Answering audit risk questions
Ready to sit F8?
Audit and assurance assistance
F8 – A guide to using the examiner’s reports
F8 – A guide to reflection for retake students