FinExPrep

Syllabus

CPA Auditing and Attestation (AUD) Prep Course

112 lessons. Online and self-paced.

Ethics and Professional Judgment

Apply professional conduct requirements, independence standards, and disciplined judgment across audit and assurance engagements.

  1. 1AICPA Professional Conduct Framework
  2. 2Independence Threats and Safeguards
  3. 3Financial and Employment Relationships
  4. 4Nonattest Services and Management Responsibilities
  5. 5Confidentiality Fees and Client Records
  6. 6SEC and PCAOB Independence Requirements
  7. 7Government Auditing Ethical Requirements
  8. 8Employee Benefit Plan Responsibilities
  9. 9Professional Skepticism in Evidence Evaluation
  10. 10Professional Judgment Decision Process
  11. 11Unconscious Biases and Judgment Shortcuts

Engagement Foundations and Quality

Establish engagement scope, terms, documentation, communications, and quality responsibilities before performing detailed audit work.

  1. 12Audit Objectives and Assurance Limits
  2. 13Government and Other Assurance Engagements
  3. 14Engagement Acceptance and Continuance
  4. 15Preconditions and Engagement Letters
  5. 16Engagement Documentation Requirements
  6. 17Governance Scope and Timing Communications
  7. 18Internal Control Communication Requirements
  8. 19Engagement Partner Quality Responsibilities
  9. 20Direction Supervision and Work Review
  10. 21Consultation and Engagement Quality Reviews
  11. 22Firm Quality Management Responsibilities

Planning and Entity Risk

Build an engagement strategy using entity knowledge, materiality, assertions, and initial risk assessment.

  1. 23Overall Audit Strategy Development
  2. 24Audit Plans and Procedure Timing
  3. 25Financial Statement Assertions and Risks
  4. 26Industry Regulatory and Economic Factors
  5. 27Demand Elasticity and Profit Maximization
  6. 28Business Cycles and Economic Indicators
  7. 29Operations Ownership and Financing Risks
  8. 30Accounting Policies and Performance Measures
  9. 31Risk Assessment Analytical Procedures
  10. 32Financial Statement Materiality Determination
  11. 33Performance Materiality and Tolerable Misstatement
  12. 34Materiality Revisions During Engagements

Internal Controls and Fraud

Evaluate control design, implementation, and fraud risks to develop appropriate audit responses.

  1. 35COSO Components and Principles
  2. 36Control Environment and Entity-Level Controls
  3. 37Business Process Walkthroughs and Controls
  4. 38Revenue and Expenditure Control Design
  5. 39IT General and Application Controls
  6. 40Service Organizations and SOC Reports
  7. 41Control Limitations and Management Override
  8. 42Fraudulent Reporting and Asset Misappropriation
  9. 43Inherent Risk and Control Risk
  10. 44Risk-Responsive Audit Procedure Design
  11. 45Management Override Procedure Design

Specialized Risk and Resources

Plan work involving specialists, multiple auditors, sensitive risk areas, and nonaudit engagements.

  1. 46Internal Audit Function and IT Auditors
  2. 47Auditor and Management Specialists
  3. 48Component and Referred-To Auditors
  4. 49Laws Regulations and Noncompliance Risks
  5. 50Accounting Estimate Risk Assessment
  6. 51Related Party Risk Assessment
  7. 52Single Audit Planning and Risk
  8. 53Examination and Review Procedure Planning
  9. 54Agreed-Upon Procedures Engagement Planning
  10. 55Accounting and Review Procedure Planning

Evidence Data and Sampling

Evaluate evidence quality, prepare reliable data, and design sampling approaches that support valid audit conclusions.

  1. 56Evidence Sufficiency and Appropriateness
  2. 57Evidence Sources and Conflicting Information
  3. 58Entity-Produced Information Reliability
  4. 59External Electronic Information Reliability
  5. 60Relational Database Fundamentals
  6. 61Measurement Scales for Audit Data
  7. 62Audit Data Requests and Extraction
  8. 63Data Cleaning and Transformation
  9. 64Audit Analytics and Exception Interpretation
  10. 65Sampling Populations and Selection Methods
  11. 66Attribute Sampling for Control Tests
  12. 67Detail Sampling and Monetary-Unit Selection
  13. 68Sample Size and Population Stratification
  14. 69Sample Projection and Audit Conclusions

Control and Substantive Procedures

Perform assertion-focused procedures across major transaction cycles and evaluate the results of control and substantive tests.

  1. 70Operating Effectiveness Control Testing
  2. 71Substantive Detail and Dual-Purpose Tests
  3. 72Substantive Analytical Procedure Evaluation
  4. 73External Confirmation Procedure Evaluation
  5. 74Audit Inquiry and Follow-Up Questions
  6. 75Cash Balances and Bank Reconciliations
  7. 76Revenue Receivables and Cutoff Testing
  8. 77Payables and Unrecorded Liability Searches
  9. 78Payroll and Operating Expense Testing
  10. 79Property and Depreciation Audit Evidence
  11. 80Debt Equity and Disclosure Testing
  12. 81Inventory Observation and Count Testing
  13. 82Inventory Valuation and External Custody
  14. 83Investment Securities Audit Evidence

Special Matters and Audit Completion

Resolve difficult evidence matters, evaluate findings, and complete procedures supporting engagement conclusions.

  1. 84Accounting Estimate Evidence Evaluation
  2. 85Litigation Claims and Legal Evidence
  3. 86Going Concern Evidence and Evaluation
  4. 87Single Audit Compliance Evidence
  5. 88Identified Misstatement Evaluation
  6. 89Internal Control Deficiency Classification
  7. 90Integrated ICFR Audit Evidence
  8. 91Written Representations and Evidence Limits
  9. 92Subsequent Event Recognition and Disclosure
  10. 93Subsequent Event Audit Procedures
  11. 94Subsequently Discovered Facts and Actions
  12. 95Final Analytical Review Conclusions

Audit Conclusions and Reports

Form financial statement and internal control opinions and select appropriate report language for common and complex circumstances.

  1. 96Financial Statement Opinion Formation
  2. 97Unmodified and Unqualified Audit Reports
  3. 98ICFR Opinions and Report Formats
  4. 99Qualified Adverse and Disclaimer Opinions
  5. 100Emphasis Other-Matter and Explanatory Paragraphs
  6. 101Going Concern Audit Reporting
  7. 102Divided Responsibility Audit Reports
  8. 103Comparative Statements and Accounting Consistency
  9. 104Special-Purpose Financial Reporting Frameworks

Other Engagements and Reporting

Determine reporting requirements for attestation, accounting, review, compliance, and accompanying financial information.

  1. 105Examination and Attestation Review Reports
  2. 106Agreed-Upon Procedures Findings Reports
  3. 107Preparation and Compilation Reporting
  4. 108Financial Statement Review Reports
  5. 109Compliance Engagement Reporting
  6. 110Government Auditing Standards Reports
  7. 111Other and Supplementary Information Responsibilities
  8. 112Interim Financial Information Review Reporting
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