CPA

CPA Exam AUD Section Content

The Auditing & Attestation (AUD) section of the CPA Exam covers the entire auditing process, including auditing procedures, generally accepted auditing standards, standards related to attest engagements and the AICPA Code of Professional Conduct. It's important to remember that the AUD exam tests on how well a CPA candidate applies their audit and attestation knowledge when solving problems and performing specific tasks laid out in the AICPA Blueprints, not how well they are able to memorize auditing concepts.

Study Tips:

•  Spend more time practicing questions, than reading/ learning theory.

•  The MCQs are generally more practical in nature, than theoretical.

•  It is advised to finish a chapter from the book first and then practice its questions.

•  Completing all MCQs from each chapter is imperative.

•  The OTB is to be attempted multiple times, once is not enough.

•  Accuracy percentage and completion percentage are the two measures of judging your preparation.

•  Upon your first attempt, accuracy percentage may be low, don’t be disheartened by it.

•  Questions are filtered in the OTB based on status. Correct, incorrect, flagged and attempted questions can be separately viewed on a chapter-wise, as well as subtopic- wise level.

•  Most people find out why an answer is not right. However always identify the cause of your correct answer, as well. At times you may get the answer right by change. Ensure the logic applied by you is sound. Reading the solution explanation is highly important.

•  Never correct your errors on the same day, this way you end up learning the questions. That is not helpful in the actual exam.

•  Questions answered correctly in the first attempt, generally represent concepts you are well-versed with. Incorrect questions help in identifying the areas where you need improvement. These concepts need to be revised and if needed researched on.

•  Some questions will seem to be out of syllabus, or alien to you, only these questions should be flagged. Do not flag questions, simply because they are incorrect, those questions are already filterable in the incorrect questions section. Flagged questions should represent concepts that are uniquely complex to you. These questions need to looked at separately and the authoritative literature for it is the answer solution, in the OTB.

•  Task Based Simulations (TBSs) and Written Communications Tasks (WCTs) should be attempted after you have a strong hold in the MCQ section. Since simulations and WCTs do not always conform to chapter boundaries and can test concepts from various disciplines. However, if you are good with the entire MCQs section, you will not find the TBSs as difficult, they will feel like long form MCQs.