What To Focus On For The Auditing Attestation CPA Exam

What To Focus On For The Auditing  Attestation CPA Exam

What To Focus On For The Auditing  Attestation CPA Exam :  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 Course Syllabus.

What To Focus On For The Auditing  Attestation CPA Exam

What To Focus On For The Auditing  Attestation CPA Exam : 

Maintaining focus on your CPA Exam studies is one of the most challenging aspects of the entire Exam process. So, it’s important to find ways to stay motivated.

Below are three tips to help increase focus on your studies so that you are successful in passing the Exam:

  1. Think about all of the opportunities that will become available to you once you become a CPA. Take a few moments to close your eyes and imagine yourself as a CPA. How will passing the Exam improve your career? Where do you want to work? A new city?  A new state? What position would you like to have within your company? Do you want to change companies altogether?  Would you like to work for one of the Big 4 Accounting Firms? Will you get a raise in salary?  If so, how will the extra income change your life or your familys life? Keep your eye on the prize and always remember why you are working so hard to pass the CPA Exam.
  2. Create a game plan and stick with it! There is nothing more important than starting out with a strong study strategy or game plan for the CPA Exam. Create a weekly, daily and even hourly study plan. Map it out before you begin and do your best to stick with it. The Study Planners make it easier for you to start off studying on the right foot.
  3. Dont let anything or anyone stand in your way of being successful! Get rid of all distractions while you are studying. Turn off the television. Put away your cell phone.  Gently remind friends and family that you’d appreciate not being disturbed during your allotted study time. Use this time to put all of your energy into focusing on your studies. Remember, this time is for you and your future!

If you remember why you are working so hard to pass the CPA Exam, have a strong study plan and don’t let anything stand in your way, you’ll be successful on the Exam.

What To Focus On For The Auditing  Attestation CPA Exam

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)

What To Focus On For The Auditing  Attestation CPA Exam : 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 Process

  • 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

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

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

70-76% Auditing Engagements and Standards

  • Engagement Acceptance and Understanding
  • Understanding the Entity, its Context, and its Internal Control
  • Audit Procedures and Evidence Evaluation
  • Audit Reports and Opinions

16-20% Professional Responsibilities

  • Ethics
  • Independence

12-16% Accounting & Review Services

  • Engagement Planning
  • Evidence
  • Reports

What To Focus On For The Auditing  Attestation CPA Exam

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What To Focus On For The Auditing  Attestation CPA Exam : Download and study all the free materials available here:

CPA Free Study Material-  

Free MaterialDownload

Auditing and Accounting Manual Study Material

Wolf Accounting and Tax Update Financial Managers Society Accounting Update Presented by Jim McGough CPA PDF

2014 WILEY CPA Excel Focus Notes Regulation Study Material

Wiley CPA excel 2015 Focus Notes Financial Accounting PDF

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Accounting Workbook For Dummies Study Material

Accounting Principles A Business Perspective Financial Accounting Chapters 1 to 8 pdf

2014 WILEY CPA Excel Focus Notes Financial Accounting Study Material

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2014 WILEY CPA Excel Focus Notes Business Study Material

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What To Focus On For The Auditing  Attestation CPA Exam :

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 practice manual

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.

What To Focus On For The Auditing  Attestation CPA Exam :

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