AUD01 Videos and Testlets (AUD)

AUD01 Videos and Testlets (AUD)

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The Auditing and Attestation (AUD) section of the Uniform CPA Examination (the Exam) tests the knowledge and skills that a newly licensed CPA must demonstrate when performing:

  • Audits of issuer and nonissuer entities (including governmental entities, not-for-profit entities, employee benefit plans and entities receiving federal grants)
  • Attestation engagements for issuer and nonissuer entities (including examinations, reviews and agreed-upon procedures engagements)
  • Preparation, compilation and review engagements for nonissuer entities and reviews of interim financial information for issuer entities.

Newly licensed CPAs are also required to demonstrate knowledge and skills related to professional responsibilities, including ethics and independence.

The following table summarizes the content areas and the allocation of content tested in the AUG section of the Exam:

Auditing and Attestation (AUD)

Content Area   Allocation
Area I Ethics, Professional Responsibilities and General Principles 15–25%
Area II Assessing Risk and Developing a Planned Response 20-30%
Area III Performing Further Procedures and Obtaining Evidence 30-40%
Area IV Forming Conclusions and Reporting 15-25%

Auditing and Attestation (AUD)

  1. Area I - Ethics, Professional Responsibilities and General Principles (15-25%)
    1. Nature and scope
    2. Ethics, independence and professional conduct
    3. Terms of the engagement
    4. Requirements for engagement documentation
    5. Communication with management and those charged with governance
    6. Communication with component auditors and parties other than management and those charged with governance
    7. A firm's system of quality control including quality control at the engagement level
  2. Area II - Assessing Risk and Developing a Planned Response (20-30%)
    1. Planning an engagement
    2. Understanding an entity and its environment
    3. Understanding an entity's internal control
    4. Assessing risk due to fraud, including discussion among the engagement team about the risk of material misstatement due to fraud or error
    5. Identifying and assessing the risk of material misstatement, whether due to error or fraud, and planning further procedures responsive to identified risks
    6. Materiality
    7. Planning for and using the work of others, including group audits, the internal audit function, and the work of a specialist
    8. Specific areas of engagement risk
  3. Area III - Performing Further Procedures and Obtaining Evidence (30-40%)
    1. Understanding sufficient appropriate evidence
    2. Sampling techniques
    3. Performing specific procedures to obtain evidence
    4. Specific matters that require special consideration
    5. Misstatements and internal control deficiencies
    6. Written representations
    7. Subsequent events and subsequently discovered facts
  4. Area IV - Forming Conclusions and Reporting (15-25%)
    1. Reports on auditing engagements
    2. Reports on attestation engagements
    3. Accounting and review service engagements
    4. Reporting on compliance
    5. Other reporting considerations

Each content area has a list of regulation topics which you must cover in order to be successful in the CPA Exam. Once you have registered in the course you will see a list of the online topics available for study (Use the Access Course Lessons tab above). Otherwise you can access the topics by clicking on the details tab above.