ACCA - Paper F8 : audit and assurance (International): Study text

Abstract

This book aims to develop your knowledge and understanding of the process of carrying out an assurance engagement, using the external audit as an example. As well as emphasising the practical aspects of carrying out assurance engagements, this paper also seeks to establish your understanding of the professional regulatory framework in place.It focuses on the following key themes: * Audit framework and regulation, including ethical and professional considerations * Internal audit and how this differs from the external audit * The external audit process, from planning through to audit fieldwork and final review * Reporting - the audit report and other reports. It provides an excellent introduction to the main professional and regulatory aspects of audit and assurance engagements, focussing on ethics and regulation, before going through the external audit process as an example of a key assurance engagement.