# CPA Exam Prep: AICPA Study — FAR, AUD, REG & Discipline

> FAR, AUD, REG & Discipline (iPhone/iPad app by Forwa Elade Wunde.)

- Source: https://appshunter.io/ios/app/cpa-exam-prep-aicpa-study/id6752613553 (this page in markdown: same URL + `.md`)
- Developer: [Forwa Elade Wunde](https://appshunter.io/developer/1685241344)
- Category: Education, Games, Trivia
- Price: Free with in-app purchases
- Age rating: 4+
- Requires: iOS 17.0 · 26 MB
- Languages: American English
- Released: 2025-09-18
- Data updated: 2026-06-05
- User reviews in markdown: https://appshunter.io/ios/app/cpa-exam-prep-aicpa-study/id6752613553/reviews.md

## What is CPA Exam Prep?

Master all essential topics for your Certified Public Accountant exam with Fun and Engaging Quizzes! 

Dive into the world of Certified Public Accountant with our comprehensive quiz app, designed to boost your knowledge, confidence, and skills. Whether you're a student, practitioner, or just exploring the field, this app is your ultimate companion for learning and growth.  

Topics and Sections
Section 1: Financial Accounting & Reporting (FAR)

Conceptual Framework & Financial Reporting:
-GAAP vs. IFRS: similarities and differences",
-FASB & standard-setting process",
-Elements of financial statements",
-Qualitative characteristics of useful information"

Revenue Recognition & Expenses:
-ASC 606 five-step model",
-Recognition of contract costs and expenses",
-Long-term contracts: percentage-of-completion vs completed contract",
-Expense recognition and matching principle"

Assets: Measurement & Reporting:
-Cash, receivables, and inventory valuation",
-Property, plant & equipment: acquisition and depreciation",
-Intangible assets & goodwill",
-Asset impairments and fair value measurement"

Liabilities & Equity:
-Current and long-term liabilities",
-Bonds and lease accounting",
-Pension and postretirement benefits",
-Stockholders’ equity and dividends"

Governmental & Not-for-Profit Accounting:
-Fund accounting principles",
-Government-wide vs. fund financial statements",
-Revenue recognition for NFPs",
-GASB vs. FASB requirements"

Section 2: Auditing & Attestation (AUD)
Audit Engagement Planning & Risk Assessment:
-Engagement acceptance & independence considerations",
-Understanding internal controls",
-Assessing inherent and control risk",
-Developing an audit strategy"

Audit Procedures & Evidence:
-Types of audit evidence",
-Sampling methods in auditing",
-Substantive vs. control testing",
-Analytical procedures and confirmations"

Audit Reports & Opinions:
-Standard unmodified report format",
-Modified opinions: qualified, adverse, disclaimer",
-Going concern considerations",
-Emphasis-of-matter and other-matter paragraphs"

Section 3: Regulation (REG)
Business Law & Ethics:
-Contract law basics
-Agency and commercial law
-CPA professional ethics & independence
-Legal liability of accountants

Federal Taxation of Individuals:
-Gross income inclusions and exclusions
-Adjustments and deductions
-Tax credits and alternative minimum tax (AMT)
-Filing requirements and statuses

Federal Taxation of Entities:
-C corporation formation and operations
-S corporation rules and taxation
-Partnership formation and distributions
-Estates, trusts, and exempt organizations

Professional Responsibilities & Procedures:
-IRS authority and procedures
-Civil and criminal tax penalties
-Standards for tax return preparers
-Circular 230 regulations

Section 4: Business Environment & Concepts (BEC)
Corporate Governance & Internal Control:
-COSO internal control framework
-Enterprise risk management (ERM)
-Roles of management, board, and audit committee
-Fraud prevention and detection

Financial Management & Cost Accounting:
-Budgeting and forecasting techniques
-Cost-volume-profit analysis
-Variance analysis (material, labor, overhead)
-Working capital and liquidity management

Economics, IT & Business Strategy:
-Microeconomic and macroeconomic concepts
-Business cycles and economic indicators
-Information technology systems and cybersecurity
-Strategic planning and competitive analysis

Who is it for?
- Accounting students preparing for CPA exam.  
- Professionals brushing up on their knowledge.  
- Anyone interested in understanding Accounting principles.  

Download now and make learning CPA+ enjoyable and effective!  

Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Privacy Policy: https://forwaelade.web.app/CPA/privacy-policy

## Pricing and in-app purchases

Base price: Free.

**Subscriptions**

| Subscription | Price | Period |
| --- | --- | --- |
| 1 Year | $29.99 | per year |
| 1 Month | $19.99 | per month |
| 1 Week | $7.99 | per 7 days |

**One-time purchases**

| Purchase | Price | Type |
| --- | --- | --- |
| 1500 | $1.99 | one-time |
| 9000 | $4.99 | one-time |
| 3500 | $2.99 | one-time |



## Version history (last 2 releases)

### 1.1 — 2026-01-19

-Bug fixes
-Updated English content localization
-Updated the Settings section of the app

### 1.0 — 2025-09-18

No release notes.

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All apps by Forwa Elade Wunde: https://appshunter.io/developer/1685241344

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