ACCA AA case studies
ACCA AA · Put your knowledge to work in context.
Audit and Assurance (AA) is one of ACCA's Fundamentals-level exams, sitting within the Applied Skills stage of the ACCA Qualification. ACCA describes its purpose as developing knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework. It is aimed at students who have completed the earlier applied knowledge exams and who intend to work in audit, assurance or a related finance role where an understanding of how an audit is planned, performed and reported is essential. The syllabus is commonly organised around five areas: the audit framework and regulation, planning and risk assessment, internal control, audit evidence, and review and reporting. The ACCA AA case studies are 5 cases and about 3,151 words.
1The Cut-Off That Wasn't
You are the audit senior on Meridian Components Ltd, a manufacturer with a 31 December year end and a materiality of 180,000. During the December cut-off test you select goods despatch note (GDN) 8841, dated 29 December, with a sales invoice dated 31 December for 240,000.
605 words, about 3 min2Reliance on a Component Auditor
Halden Group plc has a 31 December year end and group materiality of 2.4m. You are the group audit engagement partner.
598 words, about 3 min3The Purchase Order That Never Existed
You are auditing Corvus Retail Ltd, a company with 40 stores and a central accounts payable function. The payables ledger shows 6,200 suppliers and a balance of 14.2m; materiality is 150,000.
693 words, about 3 min4Going Concern Under Pressure
You are the manager on Kestrel Logistics Ltd, year end 31 March 2025. The company has a bank loan of 8m due for repayment on 30 September 2025.
659 words, about 3 min5The Population That Wasn't Complete
You are the audit senior on Vantage Supplies Ltd, a wholesaler with 12,000 sales invoices in the year and revenue of 22m; materiality is 110,000. You plan a test of details on receivables using monetary unit sampling from the sales ledger.
596 words, about 3 min