[FAR_WARS]

You just punched in your launch code at Prometric and have 10min to “read the instructions”. What are you jotting down on your scratch paper? What did I miss?

-GAAS STANDARDS (general, fieldwork, reporting)

-SSAE Attestation Standards (general fieldwork, reporting)

-GAGAS Standards?

-ISA Standards?

-MGMT’s Assertions (Account Balances, Transactions, Presentation/Disclosure)

-PCAOB Assertions (Account Balances, Transactions, Presentation/Disclosure)

-Audit Planning Procedures

-Elements of Engagement Letter

-Things to ask predecessor

-Things to tell audit committee

-Elements of Quality Control

-Elements of Internal Control

-Elements of Control Environment

-Control Activities

-Segregation of Duties

-Steps of Assessing RMM

-How to determine Sample Size

-Substantive Procedures (tests of controls, tests of details)

-Elements of an Audit Report

-Elements of a Review

-Elements of a Compilation

-Agreed Upon Procedures (required conditions)

FAR- 80
BEC- 75
AUD- 78
REG- ?