Overview of the Auditing and Attestation (AUD) Exam
Auditing and Attestation candidates, primarily aspiring Certified Public Accountants, must demonstrate technical mastery in executing financial statement audits, reviews, and compilations under AICPA Professional Standards, GAAS, and SSARS frameworks. Mastery requires proficiency in evaluating internal control environments via the COSO framework and applying risk assessment procedures to detect material misstatements. Examiners analyze evidence-gathering techniques, statistical and non-statistical sampling methodologies, and data analytics integration within audit workflows. Candidates evaluate engagement reporting requirements, including modified opinions and emphasis-of-matter paragraphs, while ensuring strict adherence to the AICPA Code of Professional Conduct. Technical proficiency extends to specialized regulatory reporting obligations under PCAOB standards and governmental auditing requirements.