Auditing standards for exams in 2023

How will the Aud CPA exam change in 2024?

Auditing requires a high amount of evaluation skills unlike the other sections of the CPA Exam

Upon the launch of changes to the CPA Exam in 2024, the AUD CPA Exam section will mostly remain the same, with the addition of economics and internal controls topics that will move over from the BEC section

What are the new internal audit standards?

“For decades, global internal audit professionals have relied heavily upon the framework and Standards contained in the IPPF

The new Standards will ensure that future generations of internal auditors will uphold the profession’s well-earned reputation for exceeding stakeholder expectations and adding value to their organizations

”

What is the Aud CPA exam format?

The AUD CPA Exam format consists of five testlets: two multiple-choice questions (MCQs) testlets, and three task-based simulations (TBSs) testlets

The MCQ component of the AUD exam accounts for 50% of your CPA Exam score, while the TBS portion accounts for the remaining 50%

Accountancy in Hong Kong is regulated by the HKICPA under the Professional Accountants Ordinance.
The auditing industry for limited companies is regulated under the Companies Ordinance, and other Ordinances such as the Securities and Futures Ordinance, the Listing Rules, etc.