Aud question

  • Creator
    Topic
  • #159379
    Jan2010
    Participant

    Hello everyone:

    What audit reports are essential to memorize for the exam?

    Thx

    FAR - 82
    BEC - 79
    REG - 94
    AUD - 84

Viewing 9 replies - 1 through 9 (of 9 total)
  • Author
    Replies
  • #267318
    Anonymous
    Inactive

    Its good to be familiar with all of them and be able to distinguish them apart from one another.

    #267319
    Jan2010
    Participant

    Thx Destiny CPA…so no need to memorize any one of those reports word by word?

    FAR - 82
    BEC - 79
    REG - 94
    AUD - 84

    #267320
    AICPA – Monopoly
    Participant

    I wouldn't recommend memorizing them word for word, but you definitely need to be very familiar. If report writing topics come up in a TBS, you can search through the authoritative literature, which contains examples of most of the reports.

    FAR-97 AUD-98 BEC-95 REG-99
    (IL-416)- I'm done!!!

    #267321
    Jan2010
    Participant

    AICPA – Monopoly….Thx for your post…so the new test format may ask to write a report from scratch? I have 2009 Becker hopfully that will suffice to pass this part of the exam!!!

    wow you did great in all parts of the exam :))

    FAR - 82
    BEC - 79
    REG - 94
    AUD - 84

    #267322
    potatogun
    Participant

    You should probably know them to the point where you can identify key phrasing for specific types of reports. Also understand what wording is used for different types of engagements that have varying levels of assurance (or not at all).

    FAR 92 - AUD 91 - REG 94 - BEC 86

    #267323
    Jan2010
    Participant

    Potatogun…Thx got it 🙂

    FAR - 82
    BEC - 79
    REG - 94
    AUD - 84

    #267324
    Anonymous
    Inactive

    I've got a question: Can the word “conclusion” be used instead of “opinoin”? This has been haunting me. Becker makes you memorize opinion, opinion, opinion.. never mentions that conclusion can be used… any thoughts?

    #267325
    WI_11
    Participant

    @JAN2010_

    For the audit reports I maid a point to actually write all of them out on paper about 10 times each. I started to do this as a main part of my review(2-3 days before the exam). I know this really helped me in two ways. First, I knew if I got a written comm. about the differences between 2 given reports I would get it right, and second it did come in very handy on a handfull of multipe choice questions.

    Hope this helps, Good luck!

    AUD 89
    BEC 84
    FAR 87
    REG 94!! ALL DONE

    #267326
    Jan2010
    Participant

    WI_11 Thx for your response…will write it down as much as the time permits….

    CPAsomeday: I think opinion is the correct word to use….since its an auditor's reponsiblity to express an opinion…am not sure about “conclusion” ?

    FAR - 82
    BEC - 79
    REG - 94
    AUD - 84

Viewing 9 replies - 1 through 9 (of 9 total)
  • The topic ‘Aud question’ is closed to new replies.