- Introduction
- CHAPTER 1 - Overview of the Auditing and Attestation Examination
- CHAPTER 2 - Ethics, Professional Responsibilities, and General Principles
- CHAPTER 3 - Assessing Risk and Developing a Planned Response
- CHAPTER 4 - Performing Further Procedures and Obtaining Evidence
- CHAPTER 5 - Forming Conclusions and Reporting
What you'll learn
- Introduction
- CHAPTER 1 - Overview of the Auditing and Attestation Examination
- CHAPTER 2 - Ethics, Professional Responsibilities, and General Principles
- CHAPTER 3 - Assessing Risk and Developing a Planned Response
- CHAPTER 4 - Performing Further Procedures and Obtaining Evidence
- CHAPTER 5 - Forming Conclusions and Reporting
Description
Prepare for the US CPA Auditing and Attestation (AUD) Exam with our comprehensive and expertly designed course. This course is tailored for individuals seeking to excel in the AUD exam and develop a deep understanding of auditing and attestation principles. Whether you're starting your career in public accounting or aiming to advance your expertise, mastering these foundational concepts is crucial for success.
What You'll Learn:
Chapter 1: Overview of the Auditing and Attestation Examination
Understand the AUD exam structure and key content areas to set a solid foundation for your study.Chapter 2: Ethics, Professional Responsibilities, and General Principles
2.1 Ethics, Independence, and Professional Responsibilities
AICPA Code of Professional Conduct
SEC and PCAOB Requirements
Government Accountability Office and Department of Labor Requirements
2.2 Professional Skepticism and Professional Judgment
2.3 Nature and Scope
Audit Engagements
GAO Government Auditing Standards (GAS)
Other Engagements
2.4 Terms of Engagement
Preconditions and Engagement Letters
2.5 Requirements for Engagement Documentation
Audit and Other Engagements
2.6 Communication with Management and Those Charged with Governance
Planned Scope and Timing
Internal Control Matters
2.7 Audit and Assurance Quality
Chapter 3: Assessing Risk and Developing a Planned Response (25% - 35%)
3.1 Planning an Engagement
Overall Strategy and Engagement Plan
3.2 Understanding an Entity and Its Environment
External and Internal Factors
3.3 Understanding Control Environment and IT Systems
COSO Framework
Internal Controls, IT Controls, and Business Processes
Service Organizations and Limitations
3.4 Materiality
For Financial Statements
Tolerable Misstatement and Performance Materiality
3.5 Assessing Risks of Material Misstatement
3.6 Planning for and Using the Work of Others
3.7 Specific Areas of Engagement Risk
Compliance, Accounting Estimates, Related Parties, and Other Areas
Chapter 4: Performing Further Procedures and Obtaining Evidence (30% - 40%)
4.1 Use of Data and Information
Requesting, Preparing, and Transforming Data
Data Reliability and Analytics
4.2 Sufficient Appropriate Evidence
4.3 Sampling Techniques
4.4 Procedures to Obtain Evidence
Test of Controls and Details
Analytical Procedures
External Confirmations
4.5 Specific Matters Requiring Special Consideration
Accounting Estimates, Investments, Inventory, Litigation, Going Concern, Uniform Guidance
4.6 Misstatements and Internal Control Deficiencies
4.7 Written Representations
4.8 Subsequent Events and Subsequently Discovered Facts
Chapter 5: Forming Conclusions and Reporting (10% - 20%)
5.1 Reporting on Audit Engagements
5.2 Reports on Attestation Engagements
Examination or Review Engagements
Agreed-Upon Procedures Engagements
5.3 Accounting and Review Service Engagements
Preparation, Compilation, and Review Engagements
5.4 Reporting on Compliance
5.5 Other Reporting Considerations
Comparative Statements, Consistency, Additional Reporting Requirements
Who Should Take This Course:
Aspiring CPAs preparing for the US CPA AUD Exam
Accounting professionals looking to enhance their auditing and attestation knowledge
Anyone interested in mastering the complexities of auditing standards and practices
Course Features:
In-Depth Lectures: Comprehensive coverage of all AUD exam topics.
Practical Examples: Real-world applications and examples to reinforce learning.
Quizzes and Practice Questions: Test your knowledge and track your progress.
Flexible Learning: Study at your own pace with lifetime access to course materials.
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About the instructors
![Netcurso-Instructores](https://img-c.udemycdn.com/user/100x100/263997782_4517_3.jpg)
- 4.51 Calificación
- 1049 Estudiantes
- 6 Cursos
CPA & CA Kamal Chhabra
One Globe One Education
Kamal Chhabra, is a US Certified Public Accountant, Indian Chartered Accountant and a graduate from University of Delhi, India. He is a Techno-commercial veteran with more than 20 years of professional experience in the Indian and the International landscape with Big 4. His wealth is his comprehensive knowledge over the subject matter obtained from fantastic opportunities worldwide. He is leading KC GlobEd, an Edutech Company as a Founder & CEO. He sis an author of nine professional books. An enthusiastic lead instructor for US Enrolled Agent (US Taxation), US Certified Public Accountant and Certified Management Accountant courses. The venture is his step to endow the legacy of the clutch of the subject to each student in a ubiquitous fashion.
Before this he has played vital roles in leadership with the Assurance, Business Advisory & Tax Practice of Big 4. He was committed to preparation and implementation of Future State of Tax Guide and Audit Methodology i.e. Tech driven audit with support of Data Analytics, Automation Tools, Robotics Process Solutions, Artificial Intelligence and reflection of the same is very well documented in this book.
The author’s prominent dedication towards the book embraces his lifetime experiences and knowledge. The book is well documented which presents the light to interesting and well informative topics.
This book, the first in the series, is the result of years of his efforts in preparing an ultimate guide for the candidates. We trust you would gain tremendous wisdom, tips, tricks and secrets of cracking your exams for a glorious career.
Student feedback
Course Rating
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I really enjoyed the lectures and felt that the information was all very valuable. Really enjoyed every lesson and feel that I have learned a lot. Thanks!