The Applied Skills exams are computer-based (CBE) and assess all areas of the curriculum. It begins with the scope of assurance engagements, its regulatory environment, and introduces governance and professional ethics relating to audit and assurance.
It covers audit planning and risk assessment, the audit of financial statements including internal controls, and audit evidence. In addition, it will focus on reporting, including the form and content of the independent auditor’s report.
The examination tests your knowledge, comprehension, and application of concepts.