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AUD – CPA Auditing and Attestation Exam (AUD) - AICPA Exam Questions

Last updated on July 22, 2026

97% Exam Compliance
1011 Total Questions
1
Question
The accounts receivable turnover ratio increased significantly over a two-year period. This trend could indicate that:
Options
A The accounts receivable aging has deteriorated.
B Customer sales have substantially decreased.
C The company is more aggressively collecting customer accounts.
D The company has eliminated its discount policy.
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2
Question
Which of the following matters would an auditor most likely communicate to those charged with governance?
Options
A A list of negative trends that may lead to working capital deficiencies and adverse financial ratios.
B The effects of significant accounting policies adopted by management in emerging areas for which there is no authoritative guidance.
C The level of responsibility assumed by management for the preparation of the financial statements.
D Difficulties encountered in achieving a satisfactory response rate from the entity's customers in confirming accounts receivables.
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3
Question
Which of the following is required documentation in an audit in accordance with generally accepted auditing standards?
Options
A A flowchart or narrative of the information system relevant to financial reporting describing the recording and classification of transactions for financial reporting.
B A planning memorandum establishing the timing of the audit procedures and coordinating the assistance of entity personnel.
C An audit plan setting forth in detail the procedures necessary to accomplish the engagement's objectives.
D An internal control questionnaire identifying controls that assure specific objectives will be achieved.
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4
Question
An auditor's responsibility to express an opinion on the financial statements is:
Options
A Implicitly represented in the auditor's standard report.
B Explicitly represented in the opinion paragraph of the auditor's standard report.
C Explicitly represented in the opening paragraph of the auditor's standard report.
D Explicitly represented in the scope paragraph of the auditor's standard report.
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5
Question
When auditing an entity's financial statements in accordance with Government Auditing Standards (the Yellow Book), an auditor is required to report on:

I. Noteworthy accomplishments of the program.
II. The scope of the auditor's testing of internal controls.
Options
A I only.
B Neither I nor II.
C II only.
D Both I and II.
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