ACCA F8: Audit and Assurance - Complete Course | @financeskul

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From watching this course you go straight to attempting exam questions. No text book needed.

This video consist of Six section covering the entire ACCA's F8 syllabus - Audit and Assurance:

A - Audit framework and regulation
B - Planning and risk assessment
C - Internal control
D - Audit evidence
E - Review and reporting
F - Employability and technology skills

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On successful completion of this video, you will be able to understand:

A - Audit framework and regulation:
1. The concept of audit and other assurance engagements
2. External audits
3. Corporate governance
4. Professional ethics and ACCA's Code of Ethics and Conduct

B - Planning and risk assessment:
1. Obtaining, accepting and continuing audit engagements
2. Objective and general principles
3. Assessing audit risks
4. Understanding the entity and its environment and the applicable financial reporting framework
5. Fraud, laws and regulations 6. Audit planning and documentation

C - Internal control:
1. Systems of internal control
2. The use and evaluation of systems of internal control by auditors
3. Tests of controls
4. Communication on internal control
5. Internal audit and governance and the differences between external audit and internal audit
6. The scope of the internal audit function, outsourcing and internal audit assignments

D - Audit evidence:
1. Assertions and audit evidence
2. Audit procedures
3. Audit sampling and other means of testing
4. The audit of specific items 5. Automated tools and techniques
6. The work of others
7 Not-for-profit organisations

E - Review and reporting:
1. Subsequent events
2. Going concern
3. Written representations
4. Audit finalisation and the final review
5. The Independent Auditor's Report

F - Employability and technology skills:
1. Use computer technology to efficiently access and manipulate relevant information
2. Work on relevant response options, using available functions and technology, as would be required in the workplace
3. Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
4. Present data and information effectively, using the appropriate tools

Chapters:
00:00 – Intro
00:08 – Assurance
05:18 – External Audit
14:09 – Ethics
18:57 – Ethical Threats
33:14 – Corporate Governance
41:30 – Internal Auditors
52:15 – The Acceptance stage
01:04:37 – Audit Risk
01:12:52 – Assessing Audit Risk
01:22:59 – Laws & Regulations
01:33:06 – Fraud
01:37:52 – Planning process of external Auditor
01:50:53 – Audit Documentation
02:01:13 – Quality Control
02:06:00 – Internal Control Systems
02:20:31 – Internal control Deficiencies
02:28:59 – Control Systems / Cycles
02:48:42 – Assertions and Audit Evidence
02:56:31 – Gathering Evidence
03:08:50 – Smaller Entities and Not-for-profit Organizations
03:17:00 – Substantive Testing: - Special Balance
03:25:53 – Audit of Specific Balances: - Current Assets
03:35:34 – Audit of Specific Balances: - Current Liabilities
03:43:29 - Audit of Specific Balances: - Directors and Equity
03:50:40 – Computer Assisted Audit Techniques
03:58:23 – Audit Evidence: - The Work of others
04:05:45 – Subsequent Event Review
04:13:06 – Going Concern Review
04:21:43 – Written Representations
04:26:33 – Audit Finalization and the Final Review
04:34:12 – The Audit Report
04:48:16 – End

_____________________________________________________________________________________
Transcript:

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[natashashandra]

Thanks a lot. Thanks to your lecture - I studied from it - I passed the exam the first time - yesterday the expected result came and you “Passed”. Good luck to you. God bless you.

[akshaypatel]

good luck to all the homies using this. thx for the vid

[akibirango]

I'm Andrew from Uganda. And this is the best thing I have seen on the internet

[persona.]

Personal Time Stamp:

Assurance - 0:08
External Audit - 5:17
Ethics - 14:09
Ethical Threats - 18:57
Corporate Governance - 33:14
Internal Auditors - 41:30
The Acceptance Stage - 52:14
Engagement Letter - 59:50
Audit Risk - 1:04:37
Assessing Audit Risk - 1:12:52
Lawd & Regulations - 1:22:59

[tareabang]

Thank you for this video. I passed. God bless you.

[adriandecater]

This video helped me pass my June 2024 exam great video. Thank you for your time and effort ❤.

[ZiWeiLee-se]

tomorrow is the exam date, here to have a quick review

[WaterWhim]

thankyou so much, I just finished reading the kaplan textbook, and its very heavy to put all in my head. This video is a good revision!

[persona.]

1:19:56 — it says net margin is profit before tax.. guessing an error was made & it’s supposed to be after .. Just mentioning

[wadzygopo]

This has just simplified the topics, explanation on point...thank you so much

[smokedavocados]

Wow thank you so much for this video! I genuinely wish you guys a very successful and happy and healthy life.

[liliesarelily]

you are indeed a life saviour!!
Thank you so much for these notes!!!<3

[chifuridelngingeh-iwgt]

Thank you very much for this video. It's helped me a lot. I will be grateful if another video is made on the key differences between audit and assurance engagement... Please

[raouashaiek]

Thank you so much for your effort, the mapping of ideas is amazing rational and very understandable 🙌 good luck to everyone

[tumichechane]

This channel is all i have been looking for thank you❤❤❤❤🎉🎉🎉🎉

[nathantewende]

AUDIT Documentation should be kept for atleast 7 years not 5 years according to ACCA.

[irshadaliraeesofficial]

Thank you so much, such a great resource...

[ecoute]

Thank you for the vieo i ove it, pls can I relie on this to start solving questions is it enough to add this course to pratice and pass ? thank you so much .

[SeenSheen]

Is this video valid for march exam 2024?

[Asha-eqd]

I am new to this paper should I start with this video or another ?