If you failed the CPA Audit exam, you likely need help with assertions, transaction cycles, controls within the cycles and substantive testing. While the rest of CPA Audit can be learned relatively quickly, these specific topics require particularly good instruction.
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The CPA Auditing and Attestation (AUD) exam focuses on auditing processes, procedures, and standards. The exam assesses a candidate's knowledge of auditing principles, procedures, and ethics. Here are the key topics covered in the 2024 AUD exam:

1. Ethics, Professional Responsibilities, and General Principles
Code of Professional Conduct
Professional skepticism and judgment
Independence and other ethical requirements
Terms of engagements
Responsibilities of the auditor and management
2. Assessing Risk and Developing a Planned Response
Risk assessment procedures
Understanding the entity and its environment, including internal control
Identifying and assessing the risks of material misstatement
Designing an audit response to identified risks
Fraud risk assessment
3. Performing Further Procedures and Obtaining Evidence
Types of audit evidence and their reliability
Procedures for obtaining audit evidence
Sampling and non-sampling techniques
Performing specific audit procedures (e.g., tests of controls, substantive procedures)
Evaluating audit evidence
4. Forming Conclusions and Reporting
Audit conclusions and reporting requirements
Types of audit opinions
Modifications to the opinion in the auditor's report
Reporting on other information included with financial statements
Communication with those charged with governance
5. Accounting and Review Services
Standards for review, compilation, and preparation engagements
Procedures for review and compilation engagements
Reporting on review and compilation engagements
Attestation engagements and related standards
6. Information Technology and Data Analytics
Impact of IT on the audit process
General and application controls
Use of data analytics in auditing
IT-related risks and controls
The AUD exam includes multiple-choice questions, task-based simulations. These components are designed to test a candidate's ability to apply auditing standards and procedures in practical scenarios.
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