3.2ICAG Level 3100 marks

Advanced Audit and Assurance

Higher-level skills to perform registered auditor responsibilities under Ghana legislation and ISAs. Includes public sector audits and International Standards of Supreme Audit Institutions (ISSAI).

Builds on: 2.3 Audit and Assurance

About This Paper

What is Advanced Audit and Assurance?

Advanced Audit and Assurance develops the expertise required to lead complex audit engagements and carry the statutory responsibilities of a registered auditor in Ghana. The paper goes beyond the foundational ISAs covered at Level 2 to address quality management, complex ethical dilemmas, group audits, and specialist assurance engagements. Candidates must demonstrate the ability to exercise professional scepticism in real, nuanced scenarios and produce outputs at the quality expected of a senior audit professional.

Syllabus Content

What You'll Study

01

Quality management (ISQM 1 & 2)

Firm-level and engagement-level quality management systems; the quality control review process.

02

Group audits (ISA 600)

Responsibilities of the group audit team, communication with component auditors, and reliance on other auditors.

03

Complex ethical dilemmas

Self-interest, familiarity, and advocacy threats; safeguards; cooling-off periods; conflicts of interest.

04

Specialist and forensic audit

Forensic accounting investigations, fraud risk assessment, IT audit, and cyber security considerations.

05

ISSAI and public sector audit

Financial, compliance, and performance (VFM) audits under ISSAI standards for supreme audit institutions.

06

Current issues in audit

The future of audit, technology in audit, the expectation gap, and audit reform debates in Ghana and globally.

All Key Topic Areas

Advanced audit riskComplex audit engagementsQuality management (ISQM)Statutory auditor responsibilitiesPublic sector & ISSAI standardsForensic & IT audit
Professional Development

Skills You'll Develop

01
Professional leadership
02
Advanced scepticism
03
Quality management
04
Complex judgement
05
Forensic thinking
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Exam Strategy

How to Pass Advanced Audit and Assurance

Advanced Audit questions require full professional communication — write as if you are a senior manager producing a report for a client or regulator. Structure, tone, and completeness of argument matter as much as technical content.

Career Outcomes

Where This Paper Takes You

Audit Partner / Manager

Risk Director

Head of Internal Audit

Forensic Accountant

Audit Regulator

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