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9 sessions · ~166 minutes total · Listen in order for best results
This session provides a comprehensive overview of Generally Accepted Auditing Standards (GAAS). We will explore the fundamental principles of GAAS, including the responsibilities of the auditor, the performance of the audit, and the reporting requirements. Understanding these core principles is essential for conducting effective audits and ensuring compliance with professional standards.
This track focuses on the critical process of audit risk assessment. You will learn how to identify, assess, and respond to the risks of material misstatement, whether due to error or fraud. We will cover the audit risk model and its components: inherent risk, control risk, and detection risk.
Dive deep into the COSO framework for internal control. This session explains the five components of internal control: control environment, risk assessment, control activities, information and communication, and monitoring activities. You will learn how to evaluate the design and implementation of internal controls and identify control deficiencies.
This session covers the various types of substantive audit procedures used to obtain audit evidence. We will discuss tests of details, analytical procedures, and the importance of obtaining sufficient and appropriate audit evidence to support the auditor's opinion. You will learn how to design and perform effective substantive procedures.
Learn the principles of audit sampling and how to apply them in practice. This track covers both statistical and non-statistical sampling methods, including attribute sampling and variable sampling. We will discuss how to determine sample sizes, select sample items, and evaluate sample results.
This session focuses on the auditor's report, the final product of the audit process. You will learn about the different types of audit opinions, including unmodified, qualified, adverse, and disclaimer of opinion. We will also cover emphasis-of-matter and other-matter paragraphs.
This track provides a detailed overview of the AICPA Code of Professional Conduct. We will discuss the principles of professional conduct, including integrity, objectivity, and independence. You will learn how to identify and address ethical dilemmas in the auditing profession.
Explore engagements other than audits of financial statements. This session covers Statements on Standards for Accounting and Review Services (SSARS) and Statements on Standards for Attestation Engagements (SSAE). You will learn the requirements for performing and reporting on review, compilation, and attestation engagements.
This session introduces Government Auditing Standards, also known as the Yellow Book. We will discuss the unique requirements for audits of government entities and entities that receive government funding. You will learn about the additional standards related to ethics, independence, and reporting in the government environment.
CPA Exam - AUD (Auditing & Attestation)
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