Do you have to know how to sight read well? Or have to know much about musical theory or anything of that sort?
No you do not. AMDA is pretty relaxed in their expectations for applicants.
My friend goes to AMDA and is a junior, and I’ll be auditioning there too. She said it’s pretty relaxed and she had a great audition. I have a VIP app and one of my CMU friend’s mom is on the board of directors, so I’ll ask for some more information soon and try to post it on CC if I have time!