Wiley CPA EXAM REVIEW pot

[...]... Conduct (ET) • AICPA Bylaws (BL) • AICPA Statements on Standards for Valuation Services (VS) • AICPA Statement on Standards for Consulting Services (CS) • AICPA Statements on Standards for Quality Control (QC) • AICPA Peer Review Standards (PR) • AICPA Statement on Standards for Tax Services (TS) • AICPA Statement on Responsibilities in Personal Financial Planning Practice (PFP) • AICPA Statement on... of the exam that includes research simulations Section Auditing and Attestation Potential research resources • AICPA Statements on Auditing Standards and Interpretations (AU) • PCAOB Auditing Standards and Interpretations (PCAOB) • AICPA Statements on Attestation Standards and Interpretations (AT) • AICPA Statements on Standards for Accounting and Review Services and Interpretations (AR) • AICPA Code... in each module are, of course, the four sections of the CPA Exam The modules are grouped together into chapters, which correspond with the four sections of the exam The following table shows how the modules are organized in Volume 2 This manual has been updated for the major changes that occurred in the CPA exam effective January 1, 2011 CPA EXAM SECTION AND CORRESPONDING MODULES Auditing and Attestation... Yes No 9 May a CPA hire for the CPA s public accounting firm a non -CPA systems analyst who specializes in developing computer systems? a Yes, provided the CPA is qualified to perform each of the specialist’s tasks b Yes, provided the CPA is able to supervise the specialist and evaluate the specialist’s end product c No, because non -CPA professionals are not permitted to be associated with CPA firms in... manual Remember, the AICPA offers an electronic version of professional standards to registered candidates Refer to the AICPA Web site at www .cpa- exam. org Written Communication Tasks The Business Environment and Concepts section of the exam will require the completion of three written communication questions Communication questions will involve some real-world writing assignment that a CPA might have to... number 6 The “Help” button will provide you with help in navigating and completing the testlet The screenshot above was obtained from the AICPA’s sample exam at www .cpa- exam. org Candidates are urged to complete the tutorial and other example questions on the AICPA’s Web site to obtain additional experience with the computer-based testing Multiple-Choice Questions Solutions Approach 1 Work individual... June 1, 2008, a CPA obtained a $100,000 personal loan from a financial institution client for whom the CPA provided compilation services The loan was fully secured and considered material to the CPA s net worth The CPA paid the loan in full on December 31, 2009 On April 3, 2009, the client asked the CPA to audit the client’s financial statements for the year ended December 31, 2009 Is the CPA considered... Modules 7-20 Modules 21-37 Modules 38-45 The material in Volume 2 allows candidates to work CPA exam questions, some of which have appeared on previous examinations This provides candidates with an effective method of studying the material tested on the exam However, candidates should also realize that the CPA has new material Therefore, candidates should use the study guides and outlines included... guidance concerning the actual taking of the exam NOW IS THE TIME TO MAKE A COMMITMENT AUDITING AND ATTESTATION The Auditing and Attestation Exam is scheduled for four and one-half hours Based on information released by the AICPA, candidates should expect three multiple-choice testlets of approximately thirty questions each, and two simulations The Uniform CPA Examination Content Specifications appear... AICPA Uniform CPA Examination Content Specification Outlines of future examinations, see the beginning of each chapter starting with Chapter 5 in Volume 1, Outlines and Study Guides Multiple-Choice Questions The multiple-choice questions and answer explanations can be used in many ways First, they may be used as a diagnostic evaluation of your knowledge For example, before beginning to review audit . University of Illinois CPA Review Course. She is also the author of Mastering Accounting Research for the CPA Exam and Wiley CPA Exam Review Impact Audios. 9 8 7 6 5 4 3 2 1 PREFACE Passing the CPA exam upon your first attempt is possible! The Wiley CPA Examination Review preparation ma- terials provide you