ACCA F8 Audit and Assurance

Nature of the ACCA F8 paper

ACCA F8 Paper – Audit and Assurance – is primarily concerned with the purpose, process and outcomes of auditing. There is some follow-on from paper F1, but all matters are covered again in F8.

Structure of the ACCA F8 paper

Part A – 20% (12 multiple choice questions: four questions for 1 mark each, eight for 2 marks each)
Part B – 80% (six compulsory questions: four questions for 10 marks each, two questions for 20 marks each
Emphasis of the ACCA F8 exam
The syllabus and study guide take you through the purpose of audits, ethical considerations, how audits are performed and the reports that are issued after the audit has been completed. Part B is primarily scenario based where you have to apply knowledge to given situations.