The CPA examination is a set of uniform tests given by the American Institute of Certified Public Accountants (AICPA) to certify accountants who pass as licensed state professionals under the accountancy board. The CPA Exam Blueprints describe the scope of topics that can be covered within any given CPA examination. Having met educational and work experience requirements, a professional in the accounting sector needs to pass this examination to be licensed and recognized as a Certified Public Accountant (Whittington & Pany, 2009). Focusing more on the CPA Exam Blueprint, and specifically on the Auditing and Attestation areas, we can compare and contrast the syllabus of learning institutions to the blueprint and see whether professors and institutions meet the required curriculum for their students to partake in the CPA examinations successfully.
This course's current syllabus for the Auditing (AUD) section contains two chapters that mostly meet the blueprint specifications. Chapter one is an extensive description and explanation of the public accountant's role in the American economy. Objectives of learning include the nature of auditing and assurance services and those that involve attestation, financial statement audits, the use of audits in society, the credibility of accounting in financial reports and the national and international regulatory protocols involved, and finally, the types of audits and auditors. Chapter two of the coursework is an extensive description of the auditing, assurance, and accounting profession's professional standards. Objectives of learning include the managing author of auditing standards in the United States, which is AICPA, nature and underlying principles of these standards. Auditors' responsibilities with compliance to existing laws, auditing reports and their issuance, attestation standards, and their application, and the content and context of international auditing standards (Whittington & Pany, 2009).
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These chapters are evident in the CPA Exam Blueprint under all four topics under the Auditing and Attestation area: Ethics, professional accountabilities, and general values, evaluating risk and developing and strategic response and establishing conclusions and reporting. However, the syllabus has little content on performing further procedures and obtaining evidence present in the blueprint. However, the topic is a practical approach to auditing and attestation that comes with experience, which professionals in the field partaking in the exam must have come across in practice. Hence, the syllabus mostly satisfies the blueprint requirements that can confidently pass the CPA examinations.
References
Whittington, R. & Pany, K. (2009, Jan 1). Principles of Auditing and Other Assurance Services. Mc Graw Publisher, 17 th Edition. ISBN: 978‐0‐07‐337965‐4
