APPENDICES

In this section

• A. Key AICPA Professional Standards and PCAOB Auditing Standards
  • Key AICPA Professional Standards and PCAOB Auditing Standards: A.1 Overview
    Discover the foundational framework of AICPA and PCAOB standards, how they differ, and their pivotal role in audits of nonpublic vs. public companies. Gain an in-depth understanding of codification schemes and practical guidance to navigate these authoritative auditing standards.
  • General Structure and Scope of AICPA and PCAOB Auditing Standards
    Explore the foundational frameworks and alignment of AICPA and PCAOB standards, focusing on independence requirements, documentation, and integrated audits.
• B. Notable Accounting and Auditing Pronouncements (ASUs, SASs, SSAEs)
  • Overview of Notable Accounting and Auditing Pronouncements (ASUs, SASs, SSAEs)
    Explore various key pronouncements that shape accounting and auditing practices, including ASUs, SASs, and SSAEs, along with their relevance in guiding compliance with U.S. GAAP and GAAS.
  • Recent Pronouncements Impacting CPA Exam
    Learn about the most significant recent accounting and auditing pronouncements – including ASC 606, ASC 842, the SAS 134–140 series, and SSAE 18 – that are shaping both the CPA Exam and professional practice.
• C. Illustrative Auditor’s Reports (Various Opinions, Emphasis-of-Matter, etc.)
  • Purpose and Structure of Illustrative Reports
    Explore the significance of illustrative auditor’s reports, including unmodified, qualified, adverse, and disclaimer opinions, with structured examples and practical guidance.
  • Example Opinion Scenarios: Comprehensive Insights for CPA Candidates
    Explore illustrative auditor's report scenarios, detailing clean opinions with emphasis-of-matter, qualified opinions, disclaimers, and adverse opinions. Understand key triggers, materiality thresholds, and proper language usage aligned with AU-C Section 705 and PCAOB AS 3101/3105.
• D. Sample Engagement Letters and Management Representation Letters
  • Engagement Letters: Clarification of Scope, Responsibilities, and Limitations
    A detailed exploration of engagement letters, their components, and their significance in defining auditor-client relationships, including scope, timing, fees, and responsibilities.
  • Management Representation Letters in CPA Audits
    A detailed exploration of management representation letters, their critical role in audit engagements, and their implications under GAAS, with references to AU-C Section 580.
• E. Glossary of Terms and Abbreviations
  • Comprehensive Definitions for Auditing & Attestation (AUD)
    Explore essential auditing terms, abbreviations, and frameworks including GAAS, PCAOB AS, COSO, and more. This glossary offers a ready reference aligned with AICPA, PCAOB, and FASB guidance, aiding in clarity and deeper understanding for CPA candidates and professionals.