F8 - KAPLAN Exam Kit

Also Read

Studying F8 Audit and Assurance

The F8 Audit and Assurance exam assessments students' information of auditing and assurance concept but also, very importantly, their capability to practice that understanding to situations that they may well come across in their auditing careers.

The inspecting team's approach interview is reachable on the F8 Audit and Assurance location of the ACCA website, along with an examining team analysis interview searching at student overall performance in a variety of examination sittings, which highlights how students can improve their performance.

All questions on this paper are obligatory so any subject from across the syllabus could be examined.
As referred to above, it is vital that college students possess both understanding of auditing and assurance and the capability to observe that expertise to situations that should occur in real life.

1 What F8 Audit and Assurance is about

The purpose of the F8 Audit and Assurance syllabus is to support understanding and appreciation of the manner of carrying out the assurance engagement and its application in the context of the expert regulatory framework. The syllabus is divided into 5 crucial sections:

Audit framework and law

    The syllabus introduces the questioning of assurance engagements, such as the exterior audit and the special levels of assurance that can be provided. You want to understand the purpose of an external audit and the respective roles of auditors and management. This phase of the syllabus additionally explains the importance of right corporate governance inside an entity. The regulatory framework is also explained, as properly as the key location of professional ethics. Also in the context of the audit framework, we explain the nature of internal audit and describe its role as part of overall performance management and good corporate governance within an entity. It is indispensable that you apprehend the differences between inside and exterior audit at this stage.

Planning and risk assessment

    Planning and hazard evaluation are key stages of the external audit due to the fact it is the facts and know-how received at this time that determine the audit approach to take. We additionally boost similarly the notion of materiality which used to be introduced quickly in the first phase of the syllabus.

Internal control

    In this part of the syllabus you need to be in a position to describe and evaluate facts systems and internal controls to identify and communicate control risks and their workable consequences to the entity's management, making appropriate recommendations to mitigate these risks. We cowl key areas of purchases, sales, payroll, inventory, money and non-current assets.

Audit evidence

    Audit conclusions want to be supported by way of adequate and fabulous audit evidence. This place of the syllabus assesses the reliability of a range of kinds and sources of audit proof and also examines in detail the audit of specific items (non-current assets, inventory, receivables, bank and cash and payables). We additionally look at the specific considerations for the audit of not-for-profit organisations such as charities, which could come up in a scenario-based question.

Review and reporting

    Towards the quit of an external audit, the auditor desires to think about the concept of going situation and subsequent occasions which should influence on the economic statements. We also look at the audit evidence provided by written representations from management and consider the impact of any uncorrected misstatements on the accounts. This part concludes on the essential theme of audit reporting. The outcome of the external audit is the auditor's report which sets out the auditor's opinion on the financial statements. This section of the syllabus looks at the various types of auditor's report that can be issued and what each of them means. It also looks at reports to management, which are a by-product of the audit but nevertheless very important for highlighting deficiencies in internal control to management.

2 What skills are required?

F8 Audit and Assurance builds on the knowledge and grasp gained from Paper F3 Financial Accounting.
You must possess appropriate technical knowledge of audit and financial reporting but one of the key capabilities you will want is to be able to observe your information to the question.
Another essential talent you will want is to be in a position to explain key ideas, strategies or approaches.
Explaining ability presenting easy definitions and such as the motives why these strategies have been developed.
Your explanations need to be in reality targeted on the precise situation in the question.

3 How to improve your chances of passing

  • There is no preference in this paper; all questions have to be answered. You have to therefore learn about the complete syllabus; there are no shortcuts.
  • Practising questions under timed conditions is essential. BPP's Practice Revision Kit contains questions on all areas of the syllabus.
  • Questions will be based on simple scenarios, so answers must be focused and specific to the organisation.
  • Answer plans will help you to focus on the requirements of the question in Section B and enable you to manage your time effectively.
  • Answer all parts of the question.
  • Make sure your answers focus on practical applications of auditing techniques, common sense is essential!
  • Keep an eye out for articles, as the examination team will use Student Accountant to get in touch with the students.

4 Brought forward knowledge

The F8 Audit and Assurance syllabus assumes knowledge brought forward from F3 Financial Accounting.
It's essential to be satisfied with your monetary reporting research due to the fact such components are in all likelihood to come up in scenariobased questions, such as subsequent events.
ACCA therefore recommends that you sit papers in order so that you have the understanding from Paper F7 Financial Reporting which will additionally be an advantage when taking Paper F8 Audit and Assurance.
However, please be aware that you do not longer have to pass F7 in order to sit F8 Audit and Assurance.

5 Answering questions

5.1 Analysing question requirements

It's particularly vital to think about the question necessities carefully to make sure you apprehend exactly what the query is asking, and whether each query part has to be answered in the context of the state of affairs or is more general. You additionally want to be certain that you apprehend all the tasks that the query is asking you to perform.

Remember that every word will be important. If for example you are asked to: 'Explain the importance of carrying out a risk assessment at the planning stage of the statutory audit of Company X', then you would explain that:

  • A risk assessment carried out under the ISAs helps the auditor to identify the areas that are susceptible to material misstatement.
  • The risk assessment forms a foundation for designing or performing similarly audit procedures.
You would no longer pick out all the audit risks bobbing up in Company X.

5.2 Analysing question scenarios

When analyzing thru the scenario you need to assume widely about how the scenario relates to the underlying issues of the syllabus, and also important content material from anything areas of the syllabus the question covers.

(a) Ethics

    In questions on ethics, you are likely to be looking out for ethical threats in the current arrangements, and trying to recommend appropriate responses (for example, ways to reduce the threats to an acceptable level) that are line with ethical codes.

(b) Internal control

    With internal control questions, you are most likely to be interested in the deficiencies in the internal control system, and the implications of the deficiencies. From here, you may need to either provide recommendations to management on how to eliminate the deficiencies, or consider the audit risks arising and suggest audit procedures in response to the deficiencies.

(c) Audit procedures

    If you are asked to suggest tests of controls or substantive procedures relating to a particular account balance, transaction or event, first identify the relevant financial statement assertion. Look in the situation for manageable sources of audit evidence. You should call on your knowledge of the standard audit procedures to apply, but always make sure that the procedures you suggest are relevant to the scenario.

(d) Financial analysis

    Where a question requires you to perform financial analysis and calculate ratios, read the scenario first for any clues as to the kind of overarching issue that is affecting the company. These clues may enable you to choose the relevant ratios to calculate. Always keep in mind what the ratios mean: remember what figures make up each ratio, so as to identify possible reasons for fluctuations/sources of misstatement.

(e) Modified audit opinions

    If you are presented with uncorrected misstatements or events which may have an impact on the auditor's report, first consider how material the misstatement or event is in the context of the financial statements as a whole. You will need to take into account the nature of the company's business, as well as any quantitative measures given (assets, revenue or profit) to make this assessment. It will not suffice to identify the appropriate audit opinion – you must justify it.

f8 - Exam kit

If downloading link is expired, Comment below OR Let us know here...! 👈
Join us on Facebook:

Good Luck 👍 and Enjoy! 😊

ACCA, ACCA MATERIAL, ACCA MATERIAL PDF, ACCA f8 bpp Exam kit 2020, ACCA f8 bpp Exam kit 2021, ACCA f8 bpp Exam kit pdf 2020, ACCA f8 bpp Exam kit pdf 2021, ACCA f8 bpp Revision Kit 2020, ACCA f8 bpp Revision Kit 2021, ACCA f8 bpp Revision Kit pdf 2020 , ACCA f8 bpp Revision Kit pdf 2021 , ACCA f8 bpp Study Text 2020, ACCA f8 bpp Study Text 2021, ACCA f8 bpp Study Text pdf 2020, ACCA f8 bpp Study Text pdf 2021, ACCA f8 aa bpp Exam kit 2020, ACCA f8 aa bpp Exam kit 2021, ACCA f8 aa bpp Exam kit 2022, ACCA f8 aa bpp Exam kit pdf 2020, ACCA f8 aa bpp Exam kit pdf 2021, ACCA f8 aa bpp Exam kit pdf 2022, ACCA f8 aa bpp Revision Kit 2020, ACCA f8 aa bpp Revision Kit 2021, ACCA f8 aa bpp Revision Kit 2022, ACCA f8 aa bpp Revision Kit pdf 2020, ACCA f8 aa bpp Revision Kit pdf 2021, ACCA f8 aa bpp Revision Kit pdf 2022, ACCA f8 aa bpp Study Text 2020, ACCA f8 aa bpp Study Text 2021, ACCA f8 aa bpp Study Text 2022, ACCA f8 aa bpp Study Text pdf 2020, ACCA f8 aa bpp Study Text pdf 2021, ACCA f8 aa bpp Study Text pdf 2022, Download f8 bpp Latest 2019 Material, Free, Free ACCA MATERIAL PDF, Free ACCA MAterial, Free Download, Free Download ACCA MATERIAL PDF, Free download ACCA MATERIAL, Free f8 Material 2019, Free f8 Material 2020, Free f8 Material 2021, Free f8 Material 2022, Latest 2019 ACCA Material PDF, Latest ACCA Material, Latest ACCA Material PDF, MATERIAL PDF, acca, acca 2020, acca 2020 conference, acca 2020 exam dates, acca 2020 exam fees, acca 2020 subscription fee, acca 2020 syllabus, acca 2021, acca aa syllabus, acca aa syllabus 2020, acca aabreviation, acca aaend, acca aaout, acca aaroad, acca aau dhabi, acca cpd aa magazine, acca d'abondance, acca exams, acca f8 2019, acca f8 2019 pdf, acca f8 2019 syllabus, acca f8 2020, acca f8 2020 pdf, acca f8 2020 syllabus, acca f8 2021, acca f8 2021 pdf, acca f8 2021 syllabus, acca f8 2022, acca f8 2022 pdf, acca f8 2022 syllabus, acca f8 book 2019, acca f8 book 2019 pdf, acca f8 book 2020, acca f8 book 2020 pdf, acca f8 book 2021, acca f8 book 2021 pdf, acca f8 book 2022, acca f8 book 2022 pdf, acca f8 audit and assurance pdf 2018, acca f8 audit and assurance pdf 2019, acca f8 audit and assurance pdf 2019 bpp, acca f8 audit and assurance pdf 2020, acca f8 audit and assurance pdf 2020 bpp, acca f8 audit and assurance pdf 2021, acca f8 audit and assurance pdf 2021 bpp, acca f8 audit and assurance pdf 2022, acca f8 audit and assurance pdf 2022 bpp, acca f8 audit and assurance question bank, acca f8 syllabus 2019, acca f8 syllabus 2020, acca f8 syllabus 2021, acca f8 syllabus 2022, acca global aa, acca global box, acca global aa magazine, acca global audit and assurance, acca global wall, acca ie3 2020, acca ireland aa magazine, acca juke box, acca knowledge aa, acca aa (f8) audit and assurance, acca aa articles, acca aa book, acca aa book pdf, acca aa bpp, acca aa cbe, acca aa cbe specimen, acca aa course, acca aa cpd, acca aa cpd articles, acca aa direct, acca aa exam, acca aa exam dates, acca aa exam fees, acca aa exam format, acca aa exam papers, acca aa exam structure, acca aa exam tips, acca aa examiners report, acca aa f8, acca aa lectures, acca aa ma aa, acca aa magazine, acca aa magazine cpd, acca aa magazine cpd articles, acca aa magazine hong kong, acca aa magazine ireland, acca aa magazine pdf, acca aa magazine subscription, acca aa magazine uk, acca aa magazine uk edition, acca aa notes, acca aa open tuition, acca aa paper, acca aa pass rate, acca aa past exam papers, acca aa past papers, acca aa past questions, acca aa pdf, acca aa practice exam, acca aa practice questions, acca aa practice test, acca aa questions, acca aa quiz, acca aa revision, acca aa revision kit, acca aa revision notes, acca aa specimen, acca aa study guide, acca aa study text, acca aa syllabus, acca aa test, acca aa textbook, acca audit and assurance aa, acca audit and assurance bpp, acca audit and assurance exam, acca audit and assurance exam dates, acca audit and assurance exam kit, acca audit and assurance f8 notes, acca audit and assurance past papers, acca audit and assurance revision, acca audit and assurance technical articles, acca audit and assurance textbook, acca online, accaglobalbox,,, accaglobalwall, accajukebox,,, accountancy wall, accountancywall, aglobalwall, bpp acca aa, bpp acca books aaee download, certified public audit and assurance definition, chartered audit and assurance, chartered audit and assurance definition, chartered audit and assurance meaning, chartered audit and assurance salary, f8 bpp Latest 2019 material, f8 bpp Latest 2020 Material, f8 bpp Latest 2020 material, f8 bpp Latest 2021 Material, f8 bpp Latest 2021 material, f8 bpp Latest 2022 Material, f8 bpp Latest 2022 material, f8 Material 2019, f8 Material 2020, f8 Material 2021, f8 Material 2022, f8 acca book pdf 2019, f8 acca book pdf 2020, f8 acca book pdf 2021, f8 acca book pdf 2022, f8 acca syllabus 2019, f8 acca syllabus 2020, f8 acca syllabus 2021, f8 acca syllabus 2022, f8 audit and assurance book pdf, f8 audit and assurance bpp pdf, f8 audit and assurance pdf, f8- audit and assurance-revision kit-bpp.pdf, aab audit and assurance, global wall, hoeveel pe punten audit and assurance, how to get audit and assurance, importance of chartered audit and assurance, importance of audit and assurance, junior audit and assurance, ledengroep audit and assurance, lidmaatschap nba audit and assurance, aa in acca, audit and assurance aa, audit and assurance aa - study text, audit and assurance aa exam, audit and assurance - study text, audit and assurance acca, audit and assurance acca book pdf, audit and assurance acca exam, audit and assurance acca f8, audit and assurance acca notes, audit and assurance acca pdf, audit and assurance acca syllabus, audit and assurance betekenis, audit and assurance book, audit and assurance book acca, audit and assurance book aaee download, audit and assurance book pdf, audit and assurance bpp, audit and assurance bpp pdf, audit and assurance course outline, audit and assurance environment, audit and assurance exam, audit and assurance exemption, audit and assurance f8, audit and assurance f8 notes pdf, audit and assurance f8 pdf, audit and assurance job description, audit and assurance magazine, audit and assurance means, audit and assurance module, audit and assurance nba, audit and assurance notes, audit and assurance notes pdf, audit and assurance pdf, audit and assurance pe-verplichting, audit and assurance practice questions, audit and assurance questions and answers, audit and assurance salary, audit and assurance study guide, audit and assurance syllabus, audit and assurance syllabus acca, audit and assurance textbook, audit and assurance textbook pdf, audit and assurance vacature, meaning of an audit and assurance, nba pe verplichting audit and assurance, audit and assurance definition, responsibilities of audit and assurance, role of an audit and assurance, role of cost audit and assurance, role of audit and assurance, role of audit and assurance environment, role of audit and assurance organisation, role of management audit and assurance organisation, role of management audit and assurance organization, van doormalen audit and assurance, verplichte cursus audit and assurance, vgba audit and assurance, wanneer ben je audit and assurance, wat is een audit and assurance, wat is audit and assurance, what is an audit and assurance, what is audit and assurance, what is audit and assurance studies, zelfstudie audit and assurance,

Post a Comment


  1. I think the link for F8 Kaplan Kit has expired. I can't download. Please help

  2. Hi. i can't download the exam kit. I think it has expired. Grateful if you can help me please. Thank you.

  3. Hello sir i need kAPLAN F8 Audit and assurance book in pdf

  4. Contact me at: for 2022-2023 Kaplan Study texts and Exam kits. Also 2022 ICAEW workbooks and question banks

  5. hello sir i need a mcq book of acca f8 , link is expired here. is it free or charge .. thanks

  6. I also can''t download it... and I want AA study text and exam kit for march 2024

  7. Plase i want exam kit and text book of AA f8.


Thanks for leaving a comment! Admin will reply as soon as possible.