The qualification for Certified Public Accountant (CPA) should not be a surprise as examiners are looking for the classic job of public accountants who are advanced in working knowledge for audit and attestation.
Below is the examination specification that was released:
Structure and format of AUD Exam
There are three testlets in this 4-hour exam each contain 30 multiple-choice questions and seven TBS questions (task-based simulations) in the fourth testlet. 50-60% of the test score depends on multiple-choice questions and TBS represent the rest of the score repents. The MCQs are adaptive but test-base simulations are not. CPA exam prep guides are available online with more details.
Pass Rate Trend And History
The pass rate for the AUD section in the CPA exam is almost the same as compares to rest. In recent years it hovers 50%. Whereas, over the years, the pass rate for the CPA exam has been increasing steadily.
Overview and Insights of AUD Exam
The Auditing and Attestation section covers the whole auditing process which includes generally accepted audited standards, auditing procedures, AICPA code of Professional Conduct, and the standards regarding attest engagements. Remember that the Auditing and Attestation section tests that how the CPA applicant put on the knowledge of audit and attestation while performing the specific task and solving problems and not how good he/she is in memorizing the auditing concepts.
Content Of AUD Exam
Ethics, general principles, professional responsibilities (15-25%).
Risk assessment and developing the planned processes (20-30%)
Obtaining evidence and performing further procedures (30-40%)
Reporting and forming conclusions (15-25%)
Auditing Standards and Engagements (70-76%)
Professional responsibilities (16-20%)
Accounting and review services (12-16%)
AUD Exam Scoring
In the CPA exam, the AUD section covers the whole auditing process and requires very strong technical knowledge and skills of the auditing process. Practice the AUD skills get more information at https://cpaexamguy.com/best-cpa-review-courses/. To pass the AUD exam, an overall 75 or higher scale score is needed.