Aicpa exam study guide - Study guides, Class notes & Summaries

This study guide is an in-depth, comprehensive outline of the required knowledge needed to pass the AUD exam. The material covers differences between GAAP vs. GAAS, authorization of different opinions on the financial statements, how to handle subsequent events, quality control on audits, Issuers vs. Nonissuers, documentation retention, materiality and tolerance, misstatements and risks of an audit, fraud and PCAOB, sampling and analytics, and the different cycles: Revenue, Expenditure, Cash, In...

Intermediate Accounting Exam 1 Study Guide with Complete Solutions | 100% Pass What is GAAP? - Standards by which accounting info is prepared and presented to external users. (FASB is source for GAAP through Accounting Standards Codification) What are the means of Financial Reporting except Financial Statements? - To provide financial information about the reporting entity that is useful to present/potential equity investors, lenders, and other creditors in making decisions in their ca...