[Jdinh04]

So I was working on a simulation problem and found what I thought was the answer to the question, however the solution said otherwise.

While preparing the auditor’s report, the audit assistant believes that the auditor’s report can never reference the findings of a specialist. The audit manager disagrees. Which citation in the professional standards supports the audit manager’s position?

I put AU 336.16 which states:

The auditor may, as a result of the report or findings of the specialist, decide to add explanatory language to his or her standard report or depart from an unqualified opinion. Reference to and identification of the specialist may be made in the auditor’s report if the auditor believes such reference will facilitate an understanding of the reason for the explanatory paragraph or the departure from the unqualified opinion.

But the solution is AU-C 620.15 which states:

The auditor should not refer to the work of an auditor’s specialist in an auditor’s report containing an unmodified opinion.

So….how do I know if I’m right?

AUD - Awaiting score, please be a pass!
FAR - Apr 2014
BEC - May 2014
REG - July 2014

Using Becker Self-Study

[mla1169]

It's been over a year since I took AUD, but apparently only AU-C is on the exam now?

https://www.another71.com/cpa-exam-forum/topic/confused-about-aud-research-question

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[mla1169]

It's been over a year since I took AUD, but apparently only AU-C is on the exam now?

https://www.another71.com/cpa-exam-forum/topic/confused-about-aud-research-question

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Anonymous]

AU-C were on this exam but are scheduled to go back to AU. Unfortunately you may not know if you are right. Do quite a few research sims just to practice. As long as you know generally how to find an answer you will be fine. Keep in mind that research sims are worth less points than the computational sims. Allow yourself 15 min per sim.

[Anonymous]

AU-C were on this exam but are scheduled to go back to AU. Unfortunately you may not know if you are right. Do quite a few research sims just to practice. As long as you know generally how to find an answer you will be fine. Keep in mind that research sims are worth less points than the computational sims. Allow yourself 15 min per sim.

[stoleway]

@ bama_mom

I disagree with the notion that research sims are worth less, it has NOT been proven.

I dont know how much its worth, but the ability to find the right answer to research questions can have significant improvement on your scores.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

@ bama_mom

I disagree with the notion that research sims are worth less, it has NOT been proven.

I dont know how much its worth, but the ability to find the right answer to research questions can have significant improvement on your scores.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[barelystayingsane]

Regarding bama_mom's post…just to clarify, they will still be testing on the clarified standards. They're just no longer called the AU-C…just AU. The “-C” part was just used as an identifier to distinguish between the new and old standards.

[barelystayingsane]

Regarding bama_mom's post…just to clarify, they will still be testing on the clarified standards. They're just no longer called the AU-C…just AU. The “-C” part was just used as an identifier to distinguish between the new and old standards.

[Author]

Replies