123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Education >> View Article

All About Cpa Auditing Exam

By Author: Tyler H. Spencer
Total Articles: 106

The defined U.S. Auditing Standards, circulated in 2012 by the Auditing Standards Board, are active of financial statements’ audits for periods that end on or after 15th of December in 2012. These clear standards became worthy for testing beginning in 13Q3 on the Uniform CPA Examination. Right now, the standards that are pre clarified, otherwise called the extant standards (AUs), remain active and are also fit or worthy for testing on the examination of Uniform CPA.

On the 1st of January 2014, the AICPA has been planning to suspend the extant standards (AUs) publication. This basically follows the usual timeline, where publication is stopped roughly a year after a new standard is announced. Starting in 14Q1, the extant standards will finally no longer be tested on the exam of CPA. The clarified U.S. Auditing Standards (AU-Cs) will remain fit for testing.

The U.S. CPA Exam is thought out by many people to be the gold standard of exams of accounting credentialing. Thousands and thousands of people take this daring exam every single year, but not all of the candidates pass it on the first attempt. There contain four sections of the exam of CPA:
1. Financial accounting and reporting(FAR),
2. Auditing and attestation (AUD),
3. Business environment and concepts (BEC), and finally
4. Regulation (REG)

All the four sections assess the candidates on a different aspect of the profession accounting, from management accounting to business evaluations and auditing. In this particular article, we will take a closer look at the section of Auditing and Attestation (AUD).

The AUD section includes the ethics and independence knowledge of ethics, knowledge of auditing standards and procedures, and the skills that are highly required to apply that knowledge.

However, the section of AUD is usually considered the toughest section of the exam of CPA. This is essentially because the candidate is not picking out the right answer in the section of multiple choice questions, but rather the most appropriate answer. All of the answers the candidate is given with may be correct, but only one answer is the best. For many people, this makes the choice between answers a quite tough one. The candidate has exact four hours to finish off the section of AUD of the exam, so the candidates must take their time to find the best answer as well as be mindful of the clock.

The section of AUD is not testing the candidate on the knowledge that is memorized, just like other sections, but requires them to apply that knowledge as well as skills to solve problems.


ExamKill gladly offers 15% discount coupon 134184599H for CPA-AUDITING and CPA-REGULATION and other IT exams preparation stuff with instant download and 30 days money back guarantee.

Total Views: 55Word Count: 443See All articles From Author

Education Articles

1. Planning A Career In Law? We Suggest You Read This First!
Author: Sukanta Singha

2. Ball Pen Or Gel Pens: The Choice Is Yours!
Author: elkospen

3. 7 Reasons Why Patent Consultant Is The Right Career For You
Author: Giip

4. Cissp Drill Kits
Author: Peter Baumann

5. Get Iot Training Online To Thrive In Existing Iot Space
Author: sunitha

6. Digital Marketing Course
Author: Lakshmi

7. Detailed Description About Java Multithreading
Author: Infocampus is a best java training institute loca

8. Significance Of Sap Fico In The Growth Of Business
Author: tyrion william

9. What All Do You Need To Know About Payday Loans And Its Application Process?
Author: moneyinminutes

10. 220-902 Exam Certification
Author: Peter Baumann

11. Choose Digital Marketing Over Traditional Method
Author: Vijay Kulkarni

12. Benefits Of Temporary Employment
Author: Weston Barnes is a write and an avid reader. When

13. Multithreading In Java
Author: Firstenquiry is an institute that provides Advanc

14. An Overview On Oracle Hyperion Training
Author: Multisoftssysytems

15. Requirements To Study In Spain
Author: vasuki

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: