2014 AUD research SIM

I just took my exam today an used AU-C. I don't think AU was even on there.

If/when you work in public accounting and you go to your senior with a question, they may ask you what you did on your own to try to answer your question before coming to them. It is a good habit to get into trying to find the answer to your questions on your own first. The links below, containing the answer to your question, could have all been found by searching “AU” and/or “AU-C” in the search bar. 🙂

https://www.another71.com/cpa-exam-forum/topic/au-c

https://www.another71.com/cpa-exam-forum/topic/will-the-aud-research-answer-start-with-au-or-au-c

https://www.another71.com/cpa-exam-forum/topic/audit-test-in-a-week-help-au-simulation-research-question

https://www.another71.com/cpa-exam-forum/topic/authoritative-literature-help-au-or-au-c

https://www.another71.com/cpa-exam-forum/topic/audit-research-questions

https://www.another71.com/cpa-exam-forum/topic/au-c-al

https://www.another71.com/cpa-exam-forum/topic/authoritative-literature-for-audit-section

There has been mixed answers regarding this question. I'm reading that some are saying that it is now AU-C and then some are saying that it AU-C was added for the 2nd half of 2013 and that it will revert back to AU in 2014.

According to Isp2361, AU-C should still used I guess.

I answered that in this thread: https://www.another71.com/cpa-exam-forum/topic/al-question-1. They are now using the clarified standards. The “-C” was merely used in the second half of 2013 to distinguish the old and new standards. I believe on the exam they now only use AU (still the clarified standards), but the prep materials may still have both AU and AU-C. AU-C is now the new AU.

In addition, if you go on Google and type in “AU-C AICPA 2014,” you will get hundreds of PDFs of the new standards, each of which has a footnote (the wording of which appears under each of the results on Google) that says, “This section has been codified using an “AU-C” identifier instead of an “AU” identifier. “AU-C” is a temporary identifier to avoid confusion with references to existing “AU” sections, which will remain in AICPA Professional Standards through 2013. The “AU-C” identifier will revert to “AU” in 2014, by which time substantially all engagements for which the “AU” sections were still effective are expected to be completed.”