AUDIT CPA exam 2025 questions and answers

AUDIT CPA exam 2025 questions and
answers
SAS (audit standards) - AnswerStatements on AUDITING Standards

- used by NONissuers

- set by AICPA ASB



PCAOB AS (audit standards) - AnswerPCAOB AUDITING Standards

- used by issuers

- set by the PCAOB



GAGAS (audit standards) - Answer- used by gov organizations

- set by the GAO



SSAE (attestation standards) - AnswerStatements on Standards for ATTESTATION Engagements

- used by attestation engagements

- set by the AICPA

- applies to examinations, reviews, or assertions on 3rd party subject matter



SSARS (accounting and review standards) - AnswerStatements on Standards for Accounting and
Review Services

- used by NONissuers on unaudited services

- set by the AICPA

- applies to preparation/review of FS or forecasts for NONissuers



GAAS (auditing standards) - AnswerGenerally Accepted AUDITING Standards

- ALL audits should be performed by the audited in accordance with GAAS



purpose of an audit - Answerto provide FS users with an opinion on whether the entity's FS are
presented fairly in all material respects in accordance with the applicable financial reporting
framework

- auditor reports give credibility to FS