Select the skill level and find appropriate capabilities to suit the stage of your career.

Audit and assurance

Capability

Provides high-quality work by evaluating information systems and internal controls, gathering evidence and performing procedures to the meet the objectives of audit and a variety of assurance engagements.

Related capabilities

Auditing inclusiveness of Covid-19 spending: leaving no one behind

Professional scepticism

Capabilities

Developing this capability through the ACCA Qualification

Exams	Ethics and professional skills module (EPSM)	Practical experience requirements performance objectives
Audit and Assurance (AA) Strategic Business Leader (SBL) Advanced Audit and Assurance (AAA)	Not applicable	1(a), 1(b), 1(c), 1(d), 1(e), 4(a), 4(b), 4(c), 4(d), 18(a), 18(b), 18(c), 18(d), 18(e), 19(a), 19(b), 19(c), 19(d), 19(e), 20(a), 20(b), 20(c), 20(d), 20(e)

Exams

Ethics and professional
skills module (EPSM)

Practical experience requirements performance objectives

Audit and Assurance (AA)

Strategic Business Leader (SBL)

Advanced Audit and Assurance (AAA)

Not applicable

1(a), 1(b), 1(c), 1(d), 1(e), 4(a), 4(b), 4(c), 4(d), 18(a), 18(b), 18(c), 18(d), 18(e), 19(a), 19(b), 19(c), 19(d), 19(e), 20(a), 20(b), 20(c), 20(d), 20(e)

Audit and assurance

Related capabilities

Suggested CPD

Capabilities

I demonstrate a current and advanced understanding of the relevant laws, regulations, standards, code of ethics and other guidance for audit, assurance and related services.

I make appropriate judgements, including ethical considerations, in relation to the acceptance/continuance decision for a variety of audit engagements and other assignments.

I review engagement risk assessments to determine materiality and develop an appropriate audit plan and formulate the work required to meet the objectives of the assignment.

I explore opportunities for, and recommend the use of, automated tools and techniques and other digital technology tools to support audit work.

I guide and supervise the engagement to ensure that appropriate and sufficient audit work is completed to meet the objectives and to comply with relevant standards, ensuring that experts are brought in as required for specialist work.

I evaluate evidence, applying appropriate levels of professional scepticism, and I support the resolution of audit issues, reaching of judgements and forming an opinion identifying the main factors to be considered by the engagement partner.

I prepare written representations and report significant control deficiencies formally to management and those charged with governance to support them in fulfilling their responsibilities.

I recommend the appropriate audit opinion and auditor’s report for approval by the engagement partner in accordance with relevant legislation, regulations and standards.

I monitor adherence to the organisation's quality management standards and make suggestions for their improvement.

I manage multiple assignments, securing the necessary resources and expertise, ensuring they stay within budget and scope, and satisfy the relevant assignment objectives, including managing stakeholders' expectations.

Developing this capability through the ACCA Qualification

Related areas of interest