The ACCA F8 Syllabus is a part of the Skills module at the Fundamentals level and is devoted to two interrelated topics – audit and assurance. The main goal of the ACCA F8 syllabus is to provide knowledge about assurance applications in the course of professional regulatory activities.
As it’s known, this 2011 year some ACCA examination courses have passed through changes – they were either added additional chapters or reduced to exclude minor topics. For example, in the ACCA F8 exam in 2011 there are new topics:
- Audit Framework and Regulation;
- Internal Control;
- Audit Procedures;
- Audit Evidence.
At the same time, other audit and assurance topics were deleted:
- Planning and Risk Assessment;
- Planning an Audit.
How to pass F8 ACCA exam? In general, there are seven major topics, which are further subdivided into minor categories. These major topics cover the following audit and assurance issues:
- A – assurance engagements – their purposes, nature and scope. The regulatory role of external audit;
- B – the internal audit and its role in the relations to the external audit;
- C – planning the audit of financial reports and understanding the role of an auditor in assessment of a company’s financial performance;
- D – evaluation of information systems, internal control of risks and making recommendations;
- E – meeting audit objectives and application of the International Standards on Auditing;
- F – drawing an audit plan and results evaluation;
- G – types and findings of audit reports.
The ACCA F8 exam is paper-based and lasts for three hours. There are five questions which are compulsory for being correctly answered to pass the exam. All ACCA qualification exams have the pass mark at 50%.
For those ACCA students, who subscribe to the ACCA course, there are syllabuses, guides, technical articles and professional support by approved learning partners. In addition to it, there are useful materials, prepared by examiners themselves.