CPA Subtest I – Auditing & Attestation (AUD): Study Guide & Practice
Course Content
Chapter 1: Audit & Non-Audit Engagements
Issuer & Nonissuer Audits: Definition, Scope & Objectives
00:00Issuer & Nonissuer Audits: Definition, Scope & Objectives
Non-Audit Engagements: Definition, Scope & Objectives
00:00Non-Audit Engagements: Definition, Scope & Objectives
Quality Control Procedures in Audit & Non-Audit Engagements
00:00Quality Control Procedures in Audit & Non-Audit Engagements – Quiz & Worksheet
Chapter 2: Ethics, Independence & Professional Conduct in Auditing
AICPA Code of Professional Conduct
00:00AICPA Code of Professional Conduct
AICPA Code of Professional Conduct: Threats to Compliance
00:00AICPA Code of Professional Conduct: Threats to Compliance
AICPA Code of Professional Conduct: Members in Public Practice
00:00AICPA Code of Professional Conduct: Members in Public Practice
AICPA Code of Professional Conduct: Members in Business
00:00AICPA Code of Professional Conduct: Members in Business
AICPA Code of Professional Conduct: Conceptual Framework for Independence
00:00AICPA Code of Professional Conduct: Conceptual Framework for Independence
Auditing & Attestation: SEC Ethics Requirements
00:00Auditing & Attestation: SEC Ethics Requirements
Auditing & Attestation: PCAOB Ethics Requirements
00:00Auditing & Attestation: PCAOB Ethics Requirements
Auditing & Attestation: Department of Labor Ethics Requirements
00:00Auditing & Attestation: Department of Labor Ethics Requirements
Government Accountability Office Government Auditing Standards
00:00Government Accountability Office Government Auditing Standards
Generally Accepted Government Auditing Standards: Definition & Use
00:00Generally Accepted Government Auditing Standards: Definition & Use
Auditing Standards: Role, Impact & Relationship with GAGAS
00:00Auditing Standards: Role, Impact & Relationship with GAGAS
Examples of GAGAS Application
00:00Examples of GAGAS Application
Professional Skepticism & Judgment in Accounting
00:00Professional Skepticism & Judgment in Accounting
Chapter 3: Terms & Documentation for Audit & Non-Audit Engagements
Preconditions for Audit & Non-Audit Engagements
00:00Preconditions for Audit & Non-Audit Engagements
Preparing for Audit & Non-Audit Engagements
00:00Preparing for Audit & Non-Audit Engagements
Determining Terms for Audit & Non-Audit Engagements
00:00Determining Terms for Audit & Non-Audit Engagements
Documenting Terms of Audit & Non-Audit Engagements
00:00Documenting Terms of Audit & Non-Audit Engagements
Preparing Documentation for Audit Engagements
00:00Preparing Documentation for Audit Engagements
Preparing Documentation for Non-Audit Engagements
00:00Preparing Documentation for Non-Audit Engagements
Chapter 4: Communication & Engagement for Audit & Non-Audit Engagements
Communicating with Management about Audit & Non-Audit Engagements
00:00Communicating with Management about Audit & Non-Audit Engagements
Preparing Management Presentations for Audit & Non-Audit Engagements
00:00Preparing Management Presentations for Audit & Non-Audit Engagements
Communicating with Component Auditors about Group Audit Engagements
00:00Communicating with Component Auditors about Group Audit Engagements
Communicating with Regulators about Audit & Non-Audit Engagements
00:00Communicating with Regulators about Audit & Non-Audit Engagements
Engagement Strategy for Audit & Non-Audit Engagements
00:00Engagement Strategy for Audit & Non-Audit Engagements
Preparing an Engagement Plan for Audit & Non-Audit Engagements
00:00Preparing an Engagement Plan for Audit & Non-Audit Engagements
Modifying an Engagement Plan for Audit & Non-Audit Engagements
00:00Modifying an Engagement Plan for Audit & Non-Audit Engagements
Chapter 5: Auditing & Evaluating Entities
Auditing: Evaluating External Factors Impacting an Entity
00:00Auditing: Evaluating External Factors Impacting an Entity
Auditing: Evaluating Internal Factors Impacting an Entity
00:00Auditing: Evaluating Internal Factors Impacting an Entity
Auditing: Evaluating an Entity’s Control Environment
00:00Auditing: Evaluating an Entity’s Control Environment
Auditing: Evaluating an Entity’s Flow of Transactions
00:00Auditing: Evaluating an Entity’s Flow of Transactions
Auditing: Evaluating an Entity’s Internal Controls
00:00Auditing: Evaluating an Entity’s Internal Controls
Auditing: Evaluating an Entity’s Use of a Service Organization
00:00Auditing: Evaluating an Entity’s Use of a Service Organization
Auditing: Evaluating an Entity’s IT Controls
00:00Auditing: Evaluating an Entity’s IT Controls
Limitations of Controls & Management Override Risks
00:00Limitations of Controls & Management Override Risks
Chapter 6: Risk Assessment for Audits
Assessing Risks of Material Misstatement in Financial Statements
00:00Assessing Risks of Material Misstatement in Financial Statements
Analyzing Identified Risks of Material Misstatement in Financial Statements
00:00Analyzing Identified Risks of Material Misstatement in Financial Statements
Assessing Risks at the Relevant Assertion Level
00:00Assessing Risks at the Relevant Assertion Level
Analyzing Identified Risks at the Relevant Assertion Level
00:00Analyzing Identified Risks at the Relevant Assertion Level
Using Identified Risks to Develop Planned Audit Procedures
00:00Using Identified Risks to Develop Planned Audit Procedures
Using a Risk Analysis to Develop Planned Audit Procedures
00:00Using a Risk Analysis to Develop Planned Audit Procedures
Using Data Analytic Outputs to Develop Planned Audit Procedures
00:00Using Data Analytic Outputs to Develop Planned Audit Procedures
Assessing Compliance in Audit & Non-Audit Engagements
00:00Assessing Compliance in Audit & Non-Audit Engagements
Significant Accounting Estimates & the Risk of Material Misstatements
00:00Significant Accounting Estimates & the Risk of Material Misstatements
Identifying Related Party Relationships in Audit & Non-Audit Engagements
00:00Identifying Related Party Relationships in Audit & Non-Audit Engagements
Chapter 7: Materiality in Auditing
What is Materiality in Auditing?
00:00What is Materiality in Auditing?
How to Calculate Materiality for Financial Statements
00:00How to Calculate Materiality for Financial Statements
Calculating Materiality Levels for Transactions, Account Balances & Disclosures
00:00Calculating Materiality Levels for Transactions, Account Balances & Disclosures
Calculating Performance Materiality & Tolerable Misstatements
00:00Calculating Performance Materiality & Tolerable Misstatements
Chapter 8: Using Auditing Resources in Audit & Non-Audit Engagements
Using Internal Audits in Audit & Non-Audit Engagements
00:00Using Internal Audits in Audit & Non-Audit Engagements
For neither the assessment of inherent risk nor control risk
00:00Using Specialist Work in Audit & Non-Audit Engagements
Using Component Auditors in Audit & Non-Audit Engagements
00:00Using Component Auditors in Audit & Non-Audit Engagements
Chapter 9: Evidence Investigations & Sampling in Audit & Non-Audit Engagements
Analyzing Evidence in a Non-Audit Engagement
00:00Analyzing Evidence in a Non-Audit Engagement
Sampling Techniques in Audit & Non-Audit Engagements
00:00Sampling Techniques in Audit & Non-Audit Engagements
Written Representations from Management in Audit & Non-Audit Engagements
00:00Written Representations from Management in Audit & Non-Audit Engagements
Chapter 10: Analytical Procedures in Audit & Non-Audit Engagements
Substantive Analytical Procedures in Audit & Non-Audit Engagements
00:00Substantive Analytical Procedures in Audit & Non-Audit Engagements
Recorded Amounts & Ratios in Audit & Non-Audit Engagements
00:00Recorded Amounts & Ratios in Audit & Non-Audit Engagements
Analytical Procedures for Audit & Non-Audit Engagement Planning
00:00Analytical Procedures for Audit & Non-Audit Engagement Planning
Using Analytical Procedures to Audit Financial Statements
00:00Using Analytical Procedures to Audit Financial Statements
External Confirmations in Audit & Non-Audit Engagements
00:00External Confirmations in Audit & Non-Audit Engagements
Interviewing Management & Others in Audit & Non-Audit Engagements
00:00Interviewing Management & Others in Audit & Non-Audit Engagements
Observation & Inspection in Audit & Non-Audit Engagements
00:00Observation & Inspection in Audit & Non-Audit Engagements
Recalculation & Reperformance in Audit & Non-Audit Engagements
00:00Recalculation & Reperformance in Audit & Non-Audit Engagements
Planning & Performing Procedures to Achieve Audit Objectives
00:00Planning & Performing Procedures to Achieve Audit Objectives
Modifying Planned Procedures in Audit Engagements
00:00Modifying Planned Procedures in Audit Engagements
Identifying Required Data to Complete Audit Data Analytic Procedures
00:00Identifying Required Data to Complete Audit Data Analytic Procedures
Chapter 11: Special Considerations for Audit & Non-Audit Engagements
Auditing Prior-Period Closing Balances
00:00Auditing Prior-Period Closing Balances
Auditing the Valuation of Investments & Derivative Instruments
00:00Auditing the Valuation of Investments & Derivative Instruments
Auditing Inventory Counting Procedures
00:00Auditing Inventory Counting Procedures
Auditing for Litigation, Claims & Assessments
00:00Auditing for Litigation, Claims & Assessments
Consideration of an Entity’s Ability to Continue as a Going Concern
00:00Consideration of an Entity’s Ability to Continue as a Going Concern
Auditing Significant Accounting Estimates
00:00Auditing Significant Accounting Estimates
Chapter 12: Misstatements & Internal Control Deficiencies
Summarizing & Evaluating Misstatements in Audit & Non-Audit Engagements
00:00Summarizing & Evaluating Misstatements in Audit & Non-Audit Engagements
Identified Misstatements & Assessment of Internal Control
00:00Identified Misstatements & Assessment of Internal Control
Internal Control Deficiencies & the Risk of Material Misstatement
00:00Internal Control Deficiencies & the Risk of Material Misstatement
Chapter 13. Subsequent Events & Facts in Audit & Non-Audit Engagements
Subsequent Events Disclosure: Example & Analysis
00:00Subsequent Events Disclosure: Example & Analysis
Identify Subsequent Events in Audit Engagements
00:00Identify Subsequent Events in Audit Engagements
Identify Subsequent Events in Non-Audit Engagements
00:00Identify Subsequent Events in Non-Audit Engagements
Chapter 14: Audit Engagement Reports
Factors to Consider in Forming Opinions on Financial Statements
00:00Factors to Consider in Forming Opinions on Financial Statements
Types of Audit Opinions for Financial Statements
00:00Types of Audit Opinions for Financial Statements
Modifying an Audit Opinion on Financial Statements
00:00Modifying an Audit Opinion on Financial Statements
Financial Statement Audit Report: Form & Content
00:00Financial Statement Audit Report: Form & Content
Preparing a Draft Auditor’s Report of an Issuer or Nonissuer
00:00Preparing a Draft Auditor’s Report of an Issuer or Nonissuer
Forming an Opinion on Internal Controls
00:00Forming an Opinion on Internal Controls
Internal Control Audit Report: Form & Content
00:00Internal Control Audit Report: Form & Content
Preparing a Draft Auditor’s Report for an Internal Control Audit
00:00Preparing a Draft Auditor’s Report for an Internal Control Audit
Chapter 15: Attestation Engagement Reports
General Standards for Attestation Reports
00:00General Standards for Attestation Reports
Creating Draft Examinations & Review Reports for Attestation Engagements
00:00Creating Draft Examinations & Review Reports for Attestation Engagements
General Standards for Agreed-Upon Procedures Reports
00:00General Standards for Agreed-Upon Procedures Reports
Preparing an Agreed-Upon Procedures Report
00:00Preparing an Agreed-Upon Procedures Report
General Standards for Reporting on Controls at a Service Organization
00:00General Standards for Reporting on Controls at a Service Organization
Preparing a Report on Controls at a Service Organization
00:00Preparing a Report on Controls at a Service Organization
Chapter 16: Compiling Reports for Audit & Non-Audit Engagements
Preparation Engagement: Definition & Factors
00:00Preparation Engagement: Definition & Factors
Compilation Report for Financial Statements: Definition & Format
00:00Compilation Report for Financial Statements: Definition & Format
Preparing a Compilation Report for Financial Statements
00:00Preparing a Compilation Report for Financial Statements
Reporting on Financial Statement Reviews
00:00Reporting on Financial Statement Reviews
Preparing an Audit Report of a Financial Statement Review
00:00Preparing an Audit Report of a Financial Statement Review
Audit Engagements: General Standards for Compliance Reports
00:00Audit Engagements: General Standards for Compliance Reports
Preparing a Compliance Report for an Audit Engagement
00:00Preparing a Compliance Report for an Audit Engagement
Attestation Engagements: General Standards for Compliance Reports
00:00Attestation Engagements: General Standards for Compliance Reports
Preparing a Compliance Report for an Attestation Engagement
00:00Preparing a Compliance Report for an Attestation Engagement
Chapter 17: Special Reporting Considerations
Comparability & Consistency of Financial Statements
00:00Comparability & Consistency of Financial Statements
Auditor’s Responsibilities Involving Documents with Audited Financial Statements
00:00Auditor’s Responsibilities Involving Documents with Audited Financial Statements
Reporting on Reviews of Interim Financial Information
00:00Reporting on Reviews of Interim Financial Information
Reporting on Supplementary Information in Financial Statements
00:00Reporting on Supplementary Information in Financial Statements
Reporting on the Audit of a Single Financial Statement
00:00Reporting on the Audit of a Single Financial Statement
Reporting on the Audit of Financial Statements for International Use
00:00Reporting on the Audit of Financial Statements for International Use
Reporting on the Audit of Financial Statements with a Special Purpose Framework
00:00Reporting on the Audit of Financial Statements with a Special Purpose Framework
Issuing a Comfort Letter for a Securities Offering
00:00Issuing a Comfort Letter for a Securities Offering
Auditing Financial Statements of a Nonissuer for Registration Statements
00:00Auditing Financial Statements of a Nonissuer for Registration Statements
Restricting Use of Written Communication in Audit Reports
00:00Restricting Use of Written Communication in Audit Reports
Government Accountability Office Government Auditing Standards for Internal Control Audits
00:00Government Accountability Office Government Auditing Standards for Internal Control Audits
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