Free CPA Auditing and Attestation Exam Braindumps


  • Exam Code: CPA Auditing and Attestation
    Exam Title: Auditing and Attestation (AUD)
  • Exam Provider: AICPA
  • Exam Questions: 1025
  • Updated On: 9-Nov-2024
Volume A


QUESTION: 1
Several sources of GAAP consulted by an auditor are in conflict as to the application of an
accounting principle. Which of the following should the auditor consider the most authoritative?

A. FASB Technical Bulletins.
B. AICPA Accounting Interpretations.
C. FASB Statements of Financial Accounting Concepts.
D. AICPA Technical Practice Aids.

Answer(s): A
Explanation:
Choice "a" is correct. In accordance with the GAAP hierarchy, FASB Technical Bulletins are
considered the most authoritative of the sources listed in the question. Choice "b" is incorrect.
Of the sources listed, AICPA Accounting Interpretations would be considered the second most
authoritative.
Choice "c" is incorrect. FASB Statements of Financial Accounting Concepts are among the least
authoritative sources of GAAP available to auditors.
Choice "d" is incorrect. AICPA Technical Practice Aids are among the least authoritative
sources of GAAP available to auditors.
QUESTION: 2
For an entity's financial statements to be presented fairly in conformity with generally accepted
accounting principles, the principles selected should:

A. Be applied on a basis consistent with those followed in the prior year.
B. Be approved by the Auditing Standards Board or the appropriate industry subcommittee.
C. Reflect transactions in a manner that presents the financial statements within a range of
acceptable limits.
D. Match the principles used by most other entities within the entity's particular industry.

Answer(s): C
Explanation:
Choice "c" is correct. Financial statements are presented fairly in conformity with GAAP when
there are no material misstatements included therein. The fact that there may occasionally be
immaterial misstatements means that the financial statements are correct "within a range of
acceptable limits." Choice "a" is incorrect. Accounting principles may change from year to year.
As long as such changes are properly accounted for, the financial statements are stil in
conformity with GAAP. Choice "b" is incorrect. The AICPA and the FASB determine GAAP, not
the Auditing Standards Board. Choice "d" is incorrect. There is no requirement that an entity's
financial statements be prepared in accordance with prevalent industry practices in order to be
in conformity with GAAP.
QUESTION: 3
Which of the following statements is correct concerning an auditor's responsibilities regarding
financial statements?
https://xcerts.com



Post your Comments and Discuss AICPA CPA Auditing and Attestation exam with other Community members:

Mavric commented on September 12, 2024
They seem to removed the automatic 50% discount. You can enter this discount code manually to get the 50% off. But you have to buy 2 or more exam dumps. The coupon code is: 50%OFF
UNITED STATES
upvote

Angebanda commented on September 12, 2024
Very good and heipful
Anonymous
upvote

Bobby commented on September 12, 2024
nice collection
Anonymous
upvote

Nanda K commented on September 12, 2024
Useful Resources
UNITED STATES
upvote

Chesare commented on September 12, 2024
Have any of you taken the exam recently and passed just by using this dump?
MEXICO
upvote

Shital sanap commented on September 12, 2024
c_tadm_22 is best
Anonymous
upvote

Llav commented on September 12, 2024
Good site for learning
Anonymous
upvote

Kouresh commented on September 12, 2024
I have been using this site for the past 6 months and so far I have passed 2 of my exams. But I had to buy the full version with their 50% discount offer.
Spain
upvote

Manoj commented on September 12, 2024
helpful but some of the answers are debatable. not sure what to accept for exam passing.
UNITED STATES
upvote

arijit singh commented on September 12, 2024
Love me thoda aur!
NETHERLANDS
upvote

Garima commented on September 12, 2024
will post after the exam done
INDIA
upvote

Joshwa commented on September 12, 2024
As I found this exam very challenging I purchased the full version and studied for about 2 weeks. After that sat for my test and passed it right away. Very happy customer and thank you for providing this service.
UNITED STATES
upvote

Petya Ivanova commented on September 12, 2024
Very good questions.
Anonymous
upvote

Sajetha commented on September 12, 2024
Preparing for the exam
Anonymous
upvote

Modix commented on September 12, 2024
Thrilled to tell you that Certsleader_com helped me to passed my Az-900 exam with good score.
UNITED STATES
upvote

Joe commented on September 12, 2024
Very good presentacion and helpful
SPAIN
upvote

Noor commented on September 12, 2024
I just bought the full version. Has anyone passed this exam here. Can you share you experience of the exam? I am very scared as I was told this exam is not easy at all.
Anonymous
upvote

Marcellus commented on September 11, 2024
Your answers are accurate compared to other sites
UNITED STATES
upvote

Sam commented on September 11, 2024
Is it compulsory for you to answer every question before taking the exam?
UNITED KINGDOM
upvote

samsam commented on September 11, 2024
i hope this will help me pass
Anonymous
upvote

Marc commented on September 11, 2024
Very useful after completing the course and preparing to sit for the exam
UNITED STATES
upvote

Sanjna P commented on September 11, 2024
Q29 : the correct answer is C, D and E. Here is the article : https://help.salesforce.com/s/articleView?id=sf.c360_a_edit_segment.htm&type=5
UNITED STATES
upvote

Yoyo commented on September 11, 2024
Is this legit
UNITED STATES
upvote

Anonymous commented on September 11, 2024
There are some answers to some questions which are not entirely correct.
Anonymous
upvote

vasavi commented on September 11, 2024
give me some more clarity
Anonymous
upvote

Rajeesha commented on September 11, 2024
Very helpful for certs
Anonymous
upvote

Debasis Samal commented on September 11, 2024
Good content and clear explanation. I appreciate this.
Canada
upvote

Rahul commented on September 11, 2024
Thanks for this question bank
UNITED STATES
upvote

anonymous commented on September 11, 2024
I found the questions very helpful. I saw most users are saying that this exam is very hard. So I am trying every option to prepare and pass.
UNITED STATES
upvote

jack commented on September 11, 2024
?? Just found this to be a great resource for AZ-400 prep! Perfect for gauging your readiness before the exam! ????
Anonymous
upvote

robux commented on September 11, 2024
soooo good, me gonne be a scientist
UNITED STATES
upvote

kkraj commented on September 11, 2024
start to preparing the exam
Anonymous
upvote

Gagan commented on September 10, 2024
I was told this exam is very hard. How many people has passed this exam and was this exam dumps helpful?
INDIA
upvote

Davis Adams commented on September 10, 2024
The explanations are very helpful
UNITED STATES
upvote