[Anonymous]

If you had 3 topics for the Audit Exam to know inside and out, what 3 would they be? Thanks!

[dnob04]

Standard Audit Report: Traditional non issuer
Transaction Cycles: Revenue, Expenditure, etc.
Different attest engagements and levels of assurance ie: preparation, compilation, review, examination etc.

[Anonymous]

Thanks dnob04. I've been hitting those sections hard. Appreciate it!

[Anonymous]

1. The criteria for the different audit opinions
2. Vouching vs. tracing. Sounds simple but it can trip you up if you don't understand the difference
3. Know all of the reports inside and out

[Anonymous]

1. Attestation
2. Assurance
3. Audit

…sorry, I couldn't resist. 😀

[hasy]

Assertions (IN N OUT) Memorize PERCV or w/e it is.

Audit Reports

SSARS (read over the review/compliation report as well)

Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved - Helen Keller

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BEC 80 (10/23/15)
FAR 72 (4/2/15); 83 (7/11/16)
REG 52 (4/28/15)
AUD (9/9/16)

Roger + NINJA MCQ + WTB

[Anonymous]

Thanks guys! I will take not and hit those areas hard. Appreciate it!

[Author]

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