ACG 4632 Exam 1 Information Sheet.docx

The short essay questions may involve brief cases

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and discussions. The short essay questions may involve brief cases requiring you to synthesize and apply concepts to new scenarios or ask you to apply course concepts to previously covered cases. Auditing is a very challenging course and important to your passing of the CPA exam. You should know the material rather than just being familiar with it, and you should be able to apply it . I recommend that you read the chapters, observe the mini- lectures, work through the review checkpoints questions within the chapters, and work through multiple choice questions and problems at the end of each chapter (and re-do them as needed!). After you attempt to solve questions/problems, make sure you look up and understand the suggested solution (on Canvas). Ask questions when you need clarification! For additional practice with multiple choice questions, use the Gleim Auditing & Systems Exam Questions and Explanations book. Although the following list is not all-inclusive, some possible topics to review include: Purpose and process of an audit Auditor’s vs. management’s responsibility Conditions that create demand for audit services Distinction between assurance vs. attestation vs. audit
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