ACCA FIA/CAT FAU Foundations in Audit

R840.00 per month



ACCA CAT FAU Foundations in Audit aims to develop knowledge and understanding of the principles of external audit and the audit process and technical proficiency in the skills used for auditing financial statements.


The syllabus for Paper FAU starts with an introduction to the nature and purpose of an audit, including the duties and liability of auditors, and the regulation that auditors must adhere to. The syllabus then covers the areas relating to the process of an audit of financial statements starting at audit planning and risk assessment, recording and evaluating internal control, as well as tests of controls, audit evidence and the use of substantive procedures. The final section deals with audit completion including the audit report.


On successful completion of this paper, candidates should be able to:

  • Explain the purpose and scope of an audit and its regulatory framework
  • Explain how an auditor assesses risk and plans an audit
  • Identify the principles of internal control and describe and evaluate the features of information systems
  • Identify and describe audit evidence and audit procedures required to meet the objectives of an audit and apply International Standards on Auditing (ISAs)
  • Explain how the audit is completed and reflected in the different types of audit report


The syllabus is assessed by a two hour paper-based examination. Questions will assess all parts of the syllabus.

The examination will consist of two sections structured as follows:

Section A –

  • 10 compulsory multiple choice
  • Questions of 1, 2 and 3 marks 20

Section B

  • Nine compulsory questions
  • Q1 & 2 (15 marks each) 30
  • Q3 & 4 (10 marks each) 20
  • Q5 to 9 (6 marks each) 30

Total: 100Marks


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