Unofficial practice for the ACCA Advanced Audit and Assurance (AAA) exam. Not affiliated with or endorsed by ACCA.
Advanced audit and assurance exam prep
The AAA-UK syllabus for September 2026 to June 2027 has nine areas, A to I. The last two are the professional skills and the employability and technology skills you use in every answer.
| Sessions | September 2026 to June 2027 |
|---|---|
| Areas | A to I |
| Builds on | Audit and Assurance, with accounting knowledge from Strategic Business Reporting |
| Changes | None for this period |
It runs from materiality, analytical procedures and risk assessment to evidence, automated tools, related parties, audit procedures on a long list of balances and transactions, the work of experts and internal auditors, and group audits.
Area F covers assurance and audit-related services, due diligence, reviews of interim financial information, prospective financial information, forensic audits, insolvency under UK law, and the assurance of sustainability information.
Short questions in the course’s own format, not ACCA’s: the exam itself is all written.
Auditing aspects of insolvency
Thorne Co has entered administration. The administrator concludes that the company itself cannot be rescued, because its debts are too large, but that selling its business and assets as a going concern to a new owner will produce more for the creditors as a whole than an immediate winding up would.
Which statutory objective of administration is the administrator pursuing? (2 marks)
Money laundering
Selby & Co, an accountancy firm, holds money for clients in a client bank account. A client asks the firm to receive $90,000 from a third party into that account and pay it on the next day to a company overseas.
The partner handling the request suspects that the $90,000 is the proceeds of an investment fraud.
What should the partner do? (2 marks)
Audit procedures for assets
Ingleby Co holds a portfolio of listed corporate bonds measured at amortised cost, on the basis that its business model is to hold them to collect their contractual cash flows. The bonds pay fixed interest and principal only.
Which audit finding contradicts the classification at amortised cost? (2 marks)
Audit and Assurance at the Applied Skills level, with the accounting knowledge examined in Strategic Business Reporting.
No. There are no additions, deletions or amendments to the syllabus for September 2026 to June 2027.
Yes. Area F includes liquidation and administration, fraudulent and wrongful trading, and the order in which a company's assets are applied.
Unofficial practice for the ACCA Advanced Audit and Assurance (AAA) exam, not affiliated with ACCA. ACCA is a trademark of the Association of Chartered Certified Accountants, which does not endorse this course. Every question here is original. No VAT is charged.