Audit Simulation on Adjusting Journal Entries and Ratios By Darius Clark

The AICPA requires an Audit candidate to be well versed in Journal Entries because as a CPA Candidate, an auditor needs to know what journal entries should have been made in order to know whether net income is fairly represented and whether assets, liabilities, and capital accounts would be overstated or understated. In addition to Ratios and Journal Entries, NASBA expects an audit candidate to be familiar with planning, reporting, sampling, internal control, information technology, and of course, assertions and evidence gathering. If your CPA Exam journey has been a bit bumpy, go to CPAexamTutoring.com and take i-75 to your next pass. These topics could be the subject of multiple choice questions, or simulations.