CPA Audit Exam- SSAE Review Report-Attestation by Darius Clark-i-75 CPA Review.

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The CPA Audit Exam requires a candidate to know the required elements of a review report under attestation standards (SSAE). Be sure to know the difference between a typical audit report for an issuer under PCAOB and an audit report for a non-issuer under SAS. Know when emphasis of matter paragraphs and other matters paragraphs are needed. Know which section of the report contains the opinion. Other popular audit reporting questions could come from compilation, reviews, preparations under SSARS, review and examination under SSAE, agreed upon procedures under SSAE, pro forma under SSAE, projections and forecasts under SSAE. Other audit terms that are commonly tested include materiality, performance materiality, inherent risk, control risk, detection risk, fraud risk, sampling risk, non-sampling risk, ratios, adjusting journal entries, assertions, transaction cycles, controls within the cycles, substantive tests, vouching, tracing, tests of controls, analytical procedures, sampling, tolerable misstatement, risk assessment, planning, internal control, evidence gathering, revenue, expenses, interim, control environment, monitoring, control activities, attestation, assurance, financial statements, expenditures cycle, revenue cycle, cash cycle, fixed asset cycle, payroll cycle, investments cycle, internal auditor, specialist, objectivity, independence, attest client, non-audit services, information technology, generally accepted auditing standards, communication with governance, integrated audit, single audit, threats and safeguards, dual dating, completeness, existence, rights and obligations, presentation and disclosure, classification and understandability, valuation and allocation, accuracy and valuation, assets, liabilities, subsequent events, contingencies, positive assurance, negative assurance, limited assurance, disclaimer, qualified and unqualified opinion, unmodified opinion, adverse opinion, general ledger, source document, accounts receivable roll-forward, sub-ledger, compliance, non-compliance, predecessor auditor, documentation, working papers, partner, recurring, lead schedule, working trial balance, bank reconciliation, component auditor, service auditor, SOC 1, SOC 2, analytics, data, visualization, bank transfer schedule, kiting, lapping, bank confirmation, receivable confirmation, loan, covenant, bookkeeping, outsourcing, business combinations, equity method, stockholders' equity, working capital, discount, premium, cash flow, accrual, accrued, losses, gains, bonds, leases, employee benefits, deposit in transit, outstanding checks, material misstatement, accounts payable, interest expense, line of credit, Sarbanes Oxley, deviation, further audit procedures, reporting framework, segregation of duties, inquire, observation, test counts, inventory, FOB shipping point, consignment, human resources, credit memo, debit memo, entity level controls, top down approach, centralized processing, decentralized processing, AICPA Code of Professional Conduct, member in practice, other member, member in business, conceptual framework, SEC, GAO, DOL, General controls, application controls, input controls, key audit matters, critical audit matters, scope limitation, misstatement, consistency, MD&A, supplementary information, required supplementary information, annual report, interim reporting, alert, summary financial information, special purpose framework, specific elements, FASB, GASB, user auditor, service auditor, compliance, control deficiency, significant deficiency, material weakness.