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Auditing and Attestation (AUD)

The auditing and attestation portion of the CPA exam is primarily focused on financial statement of entities, compliance, and processes. This portion also evaluates the testers understanding of proper auditing procedures, gather evidence, internal controls, and fundamental principles.

In many ways AUD is closely related to FAR become of the overlap in GAAP reporting requirements that are tested in both exams. The areas of focus on the topic include professional responsibilities, standards, and fundamental principles, assessing risk and developing planned processes, performing procedures and obtaining evidence, and reaching conclusion and compliant reporting

The Exam consists of: aud

Professional Responsibilities, Standards, and Fundamental Principles	15-25%
Assessing Risk and Developing Planned Processes	20-30%
Performing Procedures and Obtaining Evidence	30-40%
Reaching a Conclusion and Compliant Reporting	15-25%

4 hours are given to complete all parts of the exam which includes 72 multiple chose questions, 7 task-based simulations.
Of the 72 multiple choice questions only 60 are typically operational meaning they count towards your score. the remaining 12 are pretested and do not count towards the exam score.

Made Fall 2019
by myself.