CPA Auditing and Attestation Exam STUDY MATERIAL

CPA Auditing and Attestation Exam STUDY MATERIAL:-

As the national, professional organisation for all Certified Public Accountants, the AICPA’s mission is to power the success of global business, CPAs, CGMAs and speciality credentials by providing the most relevant knowledge, resources and advocacy, and protecting the evolving public interest. From financial literacy to public policy issues and peer review transparency to audit committee effectiveness, the AICPA is working to ensure that the public remains confident in the integrity, objectivity, competence and professionalism of CPAs.

CPA Auditing and Attestation Exam STUDY MATERIAL

CPA Course Syllabus

CPA exam syllabus is broken down into 4 sections. Each of these sections have their own syllabus and exam which you need to be proficient in. The 4 sections of the CPA exam are as follows:

1. Auditing and Attestation (AUD),
2. Financial Accounting and Reporting (FAR)
3. Regulation (REG),
4. Business Environment Concepts (BEC)

Contents of Subject:-

Auditing and Attestation (AUD)

Considered as the most difficult section of the CPA exam, this section mainly focuses on the all aspects of auditing. This section tests the examinee’s ability to handle professional tasks of certified public accountant and how they would further apply in real-life scenarios.

Auditing and Attestation covers:

• The basic principles of auditing and designing of audit plans.
• It enables you to learn and prepare audit reports with ease.
• It encompasses compilations and attestation engagements to maintain a professional code of conduct during audit process.
• You will have to give a demonstration of their awareness level with regards to International Auditing and their standards.
• It also includes understanding risk assessment.

The broad areas of CPA AUD syllabus and their weightage is as follows:

CPA Auditing and Attestation Exam STUDY MATERIAL

CPA Free Study Materials: Download and study all the free materials available here:

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For other Question Papers refer the following links:

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CPA Auditing and Attestation Exam STUDY MATERIAL

Eligibility

International candidates are eligible to qualify as U.S. Certified Public Accountants (CPAs) as long as they meet Board of Accountancy eligibility requirements in one of 54 U.S jurisdictions – the 50 states, District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam. (The 55th jurisdiction, the Commonwealth of Northern Mariana Islands, is not yet ready to accept CPA applicants).

Candidates must be able to take the CPA Examination in English. (It is not available in any other language).

Qualifying through a board of accountancy is the ONLY route to the U.S. CPA license. There is NO central professional body in the U.S. through which candidates may qualify as CPAs.

In order to appear for the Certified Public Accountant Examination, the candidates must have any of the below qualification

• Member of the Institute of Chartered Accountants of India.
• Member of the Institute of Cost and Works Accountants in India.
• Member of the Company Secretaries in India.
• Master of Commerce
• MBAs

In order to become a CPA in the United States, the candidate must sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA).

A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body. If you ever consider a career in accounting and want an illustrious career, CPA is the best option for you. CPAs are globally recognized as premier accountants, and are hired across industries throughout the world.
CPA Auditing and Attestation Exam STUDY MATERIAL

CPA Auditing and Attestation Exam STUDY MATERIAL

CPA Course Benefits

The CPA course is considered as the ultimate qualification that has unlimited possibilities to show your potential in the accounting field. Listed below are the detailed benefits of CPA course.

• International Recognition: Excellent opportunity for CA, ICWA, CS, LLB, MBA (Finance), M.com and Commerce Graduates who aspire for an International Certification. The exam is administered by the AICPA, which is the world’s largest accounting body.
• Careers Opportunities: After passing the CPA exam candidates start their career with accounting & Auditing Firms, Research firms, Investments banks, Hedge Funds, Private equity firms, Commercial banks, Mutual funds, Merger & Acquisition etc.
• Flexibility & Ease: It’s a Single Level Online exam with just 4 Papers; one can easily clear the exams in less than a year.
• Must do for CA, M.Com and Commerce Graduates:There are very few International certifications that you can give along with our job and get such high job potential.
• Academic Excellence: A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US GAAP, GAAS and US federal taxation and business laws. This gives great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.

CPA Auditing and Attestation Exam STUDY MATERIAL

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