CPA Auditing and Attestation
CPA Auditing and Attestation
Exam Material
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- Wiley CPA Exam Review 2013, Auditing and Attestation.
Exam Info
The Auditing & Attestation (AUD) section of the CPA Exam covers the entire auditing process, including auditing procedures, generally accepted auditing standards, standards related to attest engagements and the AICPA Code of Professional Conduct. It's important to remember that the AUD exam tests on how well a CPA candidate applies their audit and attestation knowledge when solving problems and performing specific tasks laid out in the AICPA Blueprints, not how well they are able to memorize auditing concepts.
AUD EXAM CONTENT
15-25% Ethics, Professional Responsibilities and General Principles
- Nature and Scope of Audit and Non-Audit Engagements
- Ethics, Independence and Professional Conduct
- Terms of Engagement for Audit and Non-Audit Engagements
- Requirements for Engagements Documentation
- Communication with Management and Those Charged with Governance
- Communication with Component Auditors and Parties Other Than Management and Those Charge with Governance
- A Firm’s System of Quality Control, Including Quality Control at the Engagement Level
20-30% Assessing Risk and Developing a Planned Response
- Planning an Engagement
- Understanding an Entity and Its Environment
- Understanding an Entity’s Internal Control
- Assessing Risks Due to Fraud
- Identifying and Assessing the Risk of Material Misstatement and Planning Further Procedures Responsive to Identified Risks
- Materiality
- Planning for and using the Work of Others, Including Group Audits, the Internal Audit Function and the Work of a Specialist
- Specific Areas of Audit Risk
15-25% Forming Conclusions and Reporting
- Reports On Auditing Engagements
- Reports On Attestation Engagements
- Accounting and Review Service Engagements
- Reporting On Compliance
- Other Reporting Considerations
30-40% Performing Further Procedures and Obtaining Evidence
- Understanding Sufficient Appropriate Audit Evidence
- Sampling Techniques
- Performing Specific Procedures to Obtain Evidence
- Specific Matters that Require Individual Attention
- Misstatements and Internal Control Deficiencies
- Written Representations
- Subsequent Events and Subsequently Discovered Facts
Exam Skills
Certification Exam: CPA Auditing and Attestation
| Exam Type | Certification |
|---|---|
| Exam Code | AUD |
| Duration | 4 hours |
| Number Of Question | 72 |
| Success Score | 75% |
| Price | 150$ |
Evaluation Exam: CPA Auditing and Attestation
| Exam Type | Evaluation |
|---|---|
| Exam Code | AUD-eval |
| Duration | 1 hour |
| Number Of Question | 30 |
| Success Score | 75% |
| Price | 40$ |