Objective: The committee oversees the Auditing and Attestation (AUD) CORE section of the Uniform CPA Examination.
The AUD Core section of the Exam is focused on assessing the knowledge and skills that a newly licensed CPA (nlCPA) must demonstrate when performing audit engagements for issuer and nonissuer entities, including financial statement audits, compliance audits, audits of internal control integrated with an audit of financial statements and audits of entities receiving federal grants or awards; attestation engagements including assertion-based examinations, direct examinations and review or agreed-upon procedures engagements; and accounting and review service engagements including preparation, compilation, and review engagements.
Members of the AUD Committee are responsible for:
*Reviewing and approving the multiple-choice questions (MCQs) and task-based simulations (TBSs) included in the Exam for technical accuracy, appropriateness for nlCPAs, and conformity with content blueprints
*Setting the strategic direction of the section based on standard-setting developments and other trends in the accounting profession
*Monitoring the overall health of the inventory of MCQs and TBSs to ensure that the Exam can be assembled based on the requirements set forth in the content blueprints
Qualifications/requirements:
- Licensed CPA
- AICPA member
- Cannot be engaged in CPA Examination review or preparation activities
- Cannot have an immediate family member who is currently taking or preparing to take the Exam
- Meets one of the ideal volunteer needs for the upcoming year described below
- Two audit manager/senior manager or above (Big 4)
- One audit manager/senior manager or above (mid-size firm)
Meeting format: Combination of in-person and web meetings per year (mostly web meetings):
○ Annual in-person meetings are two days
○ Web meetings are two to four hours
● There is about one hour of preparation for each hour of meeting time