ICAEW Professional Level: Audit and Assurance
In the Professional Level Audit and Assurance module, you'll develop your understanding of how to manage assurance engagements, including audits, from acceptance and planning through to conclusion and reporting. You will explore regulatory, professional, and ethical responsibilities, learn how to apply auditing standards, and understand how quality assurance processes help mitigate risk. Emphasis is placed on international standards, ethical thinking, and the application of professional scepticism in forming sound audit judgements.
Study from£545 (inc VAT)
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Market leading pass rates
Dedicated support from ICAEW qualified tutors
100% online, classroom and residential options
ICAEW approved provider
Globally recognised qualifications
Over 50 years delivering accounting qualifications
Overview
Why is the ICAEW Level 7 Qualification Associate Chartered Accountant course right for you?
- Gain the practical skills and knowledge you need to get a promotion or pay bump: ICAEW Chartered Accountants earn an average of £108,000 a year
- Gain in confidence and expertise and enhance your career progression[PV1]
- Widely recognised qualification that improves your employability: once you’ve completed the qualification, you’ll be able to use the title ICAEW Chartered Accounting on your CV and when you’re applying for jobs, allowing you to showcase your status as a fully qualified Chartered Accountant
- With over 50 years of experience delivering high-quality courses and market-leading pass rates, we provide the knowledge, training, and support you need to excel in your studies and beyond
This qualification not only opens doors to new job opportunities but also sets you on a path to advance your career in senior finance roles.
This course is suitable for you if you are:
Seeking to progress your career in accounting or finance roles and keen to develop specialist knowledge, skills and understanding
Looking to step into roles such as Financial Analyst, Management Accountant, Financial Controller
Keen to realise your full potential and increase your earning potential
What you'll study
The Professional Level: Audit and Assurance module examines how to manage assurance engagements from acceptance through to reporting, while applying international auditing standards and quality assurance processes to mitigate risk.
Key topics covered:
Ethical and regulatory frameworks: understand and advise on the ethical, professional, and regulatory issues relevant to assurance engagements.
Engagement management: learn the processes for accepting, planning, and managing assurance engagements in line with professional standards.
Quality assurance and risk mitigation: understand how quality assurance procedures help mitigate risks and ensure compliance with auditing standards.
Reporting and conclusion: conclude and report on assurance engagements effectively, ensuring alignment with the terms of engagement and applicable standards.
By completing this module, you will enhance your understanding of ethical responsibilities, regulatory compliance, and the importance of professional scepticism in forming sound audit judgements.
Completing this ICAEW Level 7 qualification typically takes 3 years.
With 24/7 access to all our resources, you could complete your qualification in as little as 36 months!
Entry requirements depend on the which route you take. For more information, speak to a learning advisor.
Our team will be happy to discuss these requirements with you and which study method is right for you – get in touch today!
Delivery options
With our wide range of flexible delivery options, we provide tailored support for each student’s needs, ensuring a productive and enriching learning experience for every stage of their accountancy career.
To accommodate different learning preferences, we offer four delivery methods:
Study whenever and wherever suits you. On-demand learning offers ultimate flexibility, allowing learners to access high-quality course materials anytime, anywhere.
Ideal for independent learners who want flexible, self-paced learning to fit around their busy lives and optional support
Self-paced learning
Digital materials and videos
Remote accessibility
Self-paced progression
Email tutor support
Flexible access
Self-assessment quizzes
Access to recorded sessions
Optional 1-2-1 tutor support and face-to-face or live online revision classes (additional fee applies)
Flexible, live sessions accessible from any location.
Experience the flexibility of Live Online learning and engage in real-time, interactive sessions from anywhere. Achieve your goals without the commute!
Ideal for learners who want the flexibility to study from any location and full tutor support
Live interactive sessions online
Dynamic delivery and instant Q&A
Collaborative activities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities (online)
Access to full tutor support (online)
Access to study books and online resources
Access to recorded sessions
Online assignments and exam preparation
Get all the benefits of in-person learning, all from the comfort of your home. Great if you need a little more flexibility when it comes to location, but still want the opportunity to interact with other learners.
Ideal for learners who want the classroom experience from the comfort of their home and full tutor support
Live classroom sessions streamed online
Dynamic delivery and instant Q&A
Collaborative activities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities (online)
Online tutor support
Study books and online resources
Access to recorded sessions
Online assignments and exam preparation
Traditional face-to-face classes with experienced tutors. If you like the idea of learning in person, where you bounce around ideas with other learners, then our face-to-face classes are for you. Classes take place every few months at one of our many UK venues.
Ideal for learners who prefer traditional classroom settings
Face-to-face interaction
Convenient locations across the UK
Engaging in real-time learning experience
Structured delivery plan
Networking opportunities
In-person and online tutor support
Study books and online resources
Access to recorded sessions
In-class assignments and exam preparation
Our venues span London, Northampton, Birmingham, Newcastle, Cambridge, Little Compton, and many other locations. If you have a specific place in mind, reach out to us - we’d be happy to discuss options to suit your needs.
All the benefits of our Classroom delivery method and an immersive on-site learning experience in a unique, comfortable setting at our Cotswolds Manor.
Delivered at our iconic Manor, where you’ll get to know other learners, relax in our first-class accommodation and enjoy delicious homemade meals.
Ideal for learners wanting an immersive experience and in-person support
Unique learning environment: A picturesque location in the heart of the Cotswolds, ideal for focused study.
All-inclusive learning experience: Residential facilities and a relaxing, friendly atmosphere conducive to immersive study without distractions.
Engaging real-time learning: Small classroom-based sessions with peers and dedicated, experienced tutors who are subject specialists.
Structured delivery plan: In-class assignments, exam preparation, and a clear path to success.
Comprehensive resources: Study books, digital course materials, online resources, and access to recorded sessions for revision.
In-person and online tutor support: Receive expert guidance whenever needed.
Access to outstanding facilities: Benefit from state-of-the-art learning environments.
Networking opportunities: Connect with like-minded professionals and peers.
Support & Assessments
Support from our dedicated team
Our team will be on hand throughout your journey to answer questions, signpost additional support and provide guidance on your study route. Our experienced tutors will also be there to support you through your learning.
Access to our ICAEW learning resources
When you enrol on this course, you’ll get access to our comprehensive ICAEW resources to help you through your course and beyond. Available for the duration of your ICAEW programme, it includes course recordings and course notes, revision question bank and revision cards, online access to practice mocks, as well as group chats. Perfect for when you want to revisit something you’ve just learnt, or revise for your assessments.
Get your questions answered
If you have a question about the programme, ICAEW the qualification or anything else to do with your course, our training support team are here to help.
You can call the support team whenever you need to, for as long as you’re on the programme.
In-course Assessments
Professional Level
Each module will be taught in two separate tuition blocks followed by a revision course. There will be a course exam at the end of the tuition phase, two progress tests set in between the two tuition blocks and prior to the revision phase and a revision mock exam on the revision course for each module. Students have the opportunity to hand in questions to be marked during the revision course by the course tutor and/or real time professional markers. Formal reports will be sent to employers following the completion and revision courses.
Advanced Level
The revision element includes QBD’s (Question Based Days) where questions are set during the day and marked by tutors in order to give immediate feedback. This has proven to be invaluable to students and an excellent preparation for the real exams that follow.
Exams
The Certificate Level exams take 1.5 hours to complete and have a 55% pass mark
These modules will be examined via computer-based exams (e-assessments, 1.5 hours each). These exams can be taken at Reed Business School or at a local Pearson VUE centre.
The Professional Level exams will be set nationally and held at ICAEW appointed exam centres four times a year in March, June, September and December. Each Professional Level exam is assessed by a 2.5 hour exam, except for Financial Accounting and Reporting, which is 3 hours. All exams are taken as computer-based exams using bespoke software developed by ICAEW.
For the Advanced Level. CR and SBM are 3.5 hours each, whilst the case study is 4 hours. All exams are taken as computer-based exams using bespoke software developed by ICAEW. There are two sittings a year in July and November. The three papers can be sat together or separately. The Case Study must be the last exam attempted, and when a student has entered their final year of training.
Students will be permitted a maximum of four attempts at each exam at Certificate and Professional Level.
Credits for Prior Learning
Students who have successfully completed the AAT Level 4 in Diploma in Accounting will be eligible to apply for exam credits. To learn more about how to apply, speak to one of our learning advisors.
If you gained your Accounting qualification through exam exemption / credit for prior learning (CPL), then you will need to re-sit that exam (as an ICAEW CFAB student) in order to gain the ICAEW CFAB certificate as Accounting is compulsory for all.
Payment options
Pay in full
To pay for your course in full, simply enquire, call us on 016 0867 4224, or complete the booking form and return to rbs.reed@reedbusinessschool.co.uk
We’ll provide you with all the details you need to complete the payment smoothly.
Invoice your employer
If your employer is paying for your course, then we can invoice them directly, so you don’t have to worry about trying to organise the payment yourself. You focus on your studies and we’ll take care of the rest.
Call our team of advisers today to get started!
Useful links
If you're currently a student or considering ICAEW with us, you'll find all essential resources here, from course outlines to application forms.
If you have any questions or need further assistance, please don't hesitate to contact our support team. We're here to help ensure your success every step of the way. Remember to return your forms to rbs.reed@reedbusinessschool.co.uk.
Chose your study method
We offer a range of study methods to suit your lifestyle and budget. All our study options include 24-hour access to our online study resources.
Residential
In-person learning at our 17th-century Manor. Experience the ideal immersive environment.
Unique learning environment
All-inclusive experience
Accommodation and meals
Outstanding facilities
On-site exam centre
Course price does not include accommodation fees. Rooms are available from £75 per night.
Classroom
In-person learning. Ideal for learners who prefer traditional classroom settings.
Face-to-face, classroom learning
Immediate feedback from tutors
Networking with fellow learners
Online resources for extra support
Convenient times and locations
Online Classroom
Enjoy a classroom experience from home. Ideal for learners seeking live online lessons.
Online classroom experience
Direct support from tutors
Real-time collaboration with peers
Recorded sessions for later review
Interactive online learning environment
Live Online
Real-time, online classes with live tutors. Ideal for learners seeking flexibility.
Scheduled live sessions online
Direct support from tutors
Real-time collaboration with peers
Recorded sessions for later review
Interactive online learning environment
On-demand
Flexible, self-paced online learning. Ideal for independent learners.
Comprehensive digital materials
Access to recorded webinars
Tutor support via email
Self-assessment quizzes
Optional 1-2-1 tutor (fees apply)
£545.00 (inc VAT)
Looking to earn this qualification through an apprenticeship?
The ICAEW Level 7 Apprenticeship: Accountancy Professional allows you to develop professional skills while working, with the added benefit of government funding for eligible employers.
It’s a practical, cost-effective way to earn a recognised qualification and gain valuable work experience simultaneously.
Enquire today to find out more!
Payment options
To pay for your course in full, simply enquire, call us on 016 0867 4224, or complete the booking form and return to rbs.reed@reedbusinessschool.co.uk
We’ll provide you with all the details you need to complete the payment smoothly.
If your employer is paying for your course, then we can invoice them directly, so you don’t have to worry about trying to organise the payment yourself. You focus on your studies and we’ll take care of the rest.
Market-leading pass rates
Frequently asked questions
ICAEW offers the prestigious ACA (Associate Chartered Accountant) qualification, which is highly regarded by employers. The qualification demonstrates your high level of competence to management teams and accounting firms.
ACA currently consists of 15 exams divided into three levels:
Certificate
Professional
Advanced
Plus 450 days of practical work experience and ethical and professional development before qualifying.
Once you have completed all your exams, ethics training and practical work experience you can apply to become a member of ICAEW. Once approved, you’ll be granted the status of chartered accountant and can use the letters ACA or FCA (Fellow Chartered Accountant after ten years of ICAEW membership) after your name. Reed Business School currently offers:
Read our blog Becoming a chartered accountant – a step-by-step guide
ACA stands for Associate Chartered Accountant qualification.
The duration is usually three years. The maximum time limit for an ACA training agreement is five years but there is no time limit on completing your exams. You can continue to sit the ACA exams until you reach the maximum attempt limit which is four for the certificate and professional level modules but limitless for advanced level modules.
The ACA is equivalent to a postgraduate qualification such as a master’s degree.
ICAEW – consists of 15 exams divided into three levels: certificate, professional and advanced plus 450 days of practical work experience and ethical and professional development before qualifying.
As a chartered accountant, a variety of career options are available to you. You can work in:
Audit and assurance
Taxation
Management accounting
Corporate finance
Consulting
Risk management
Business recovery and insolvency
You can also choose to work in various industries, such as finance, healthcare, retail, or technology, or pursue an entrepreneurial path by starting your own accounting firm. Alternatively, having a chartered accountancy background can open doors for general finance and business strategic roles.
Useful links
If you're currently a student or considering ICAEW with us, you'll find find all essential resources here, from course outlines to application forms.
If you have any questions or need further assistance, please don't hesitate to contact our support team. We're here to help ensure your success every step of the way. Remember to return your forms to rbs.reed@reedbusinessschool.co.uk.
Not sure which option is right for you?
Speak to one of our specialist learning advisers who will talk you through your options.
