CA ANZ Assurance study plan

Map each assertion (existence, rights and obligations, completeness, accuracy/valuation, cut-off, classification, presentation) to at least two specific audit procedures and record the mapping in your own notes

Distinguish the three levels of assurance and explain, in writing, why a reasonable assurance engagement requires more persuasive evidence than a limited assurance review

Explain how audit evidence sufficiency and appropriateness interact, and identify three situations where high appropriateness offsets lower sufficiency

Describe the assurance framework's key elements (three-party relationship, subject matter, criteria, evidence, conclusion) and apply them to a non-financial example such as a greenhouse gas statement

Classify ten given scenarios by evidence type (inspection, observation, external confirmation, recalculation, re-performance, analytical, inquiry) and rank their reliability with reasons

Draft a working-paper set for one audit area that satisfies documentation standards: purpose, source, work performed, results, conclusion, preparer/reviewer sign-off

Apply the fundamental principles of professional ethics to five short ethical dilemmas and justify the chosen course of action

Identify threats to independence (self-interest, self-review, advocacy, familiarity, intimidation) in given scenarios and propose safeguards

Perform a client acceptance assessment on a hypothetical entity: evaluate integrity of management, competence of the engagement team, and compliance with ethical requirements, then document an accept/decline recommendation

Draft an engagement letter containing scope, responsibilities of management and the auditor, and the basis of fees

Prepare a planning memorandum that sets materiality (overall and performance materiality) with a stated benchmark and rationale

Identify significant risks from a narrative description of an entity and justify each as significant

Analyse the five components of internal control against a described entity and identify at least two control deficiencies in each of the control environment and risk assessment components

Distinguish entity-level controls from transaction-level controls and explain how each affects the nature, timing and extent of substantive procedures

Explain the fraud risk triangle and design one procedure addressing management override of controls

Describe how understanding the entity's environment (industry, regulation, accounting framework) informs risk assessment, using a worked example

Explain the auditor's legal liability to clients and to third parties under contract, negligence and misleading conduct principles, and identify practical defences

Draft the key elements of an auditor's report for a modified opinion (qualified, adverse, disclaimer) and state when each is appropriate

Identify the circumstances requiring emphasis of matter and other matter paragraphs and draft one of each

Prepare a management letter with three findings, each stated as condition, criteria, effect and recommendation

Draft a subsequent events review programme covering the period to the date of the auditor's report and describe procedures for facts discovered after that date

Prepare a going concern assessment memo applying the relevant indicators and describing the reporting consequences

Explain the difference between statistical and non-statistical sampling and select an appropriate method for three given scenarios with justification

Compute sample size inputs conceptually: describe how tolerable misstatement, expected misstatement, and confidence level affect sample size, and project misstatement to the population

Interpret data analytics output conceptually: describe three analytics tests (duplicate payments, journal entry testing, trend analysis) and the audit response to exceptions

Design a data analytics procedure for a revenue population and state how exceptions would be followed up

Distinguish an assurance engagement from a related services engagement (agreed-upon procedures, compilation) and state the level of assurance and report form for each

Describe the key features of a review engagement and how its procedures differ from an audit

Complete a full timed mock examination under exam conditions and record your score by domain

Review every incorrect answer and write a one-line reason for each error, classifying it as knowledge, application or exam technique

Re-derive the highest-weighted domain content (evidence, ethics, planning, internal control) from memory using summary sheets

Build a final one-page revision sheet of formulas, report wordings and key definitions