[jeff]

Resources:

AUD 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

AUD Exam Experience: https://www.another71.com/cpa-exam-forum/topic/aud-exam-experience-official-thread

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

Quick question regarding an auditor's communications about fraud:

Under what circumstances would it be appropriate for an auditor to disclose fraud OUTSIDE the entity?

[taiyab]

@Topsya

little Clarification:

answer to your fist question:

a) Preliminary judgement about materiality levels

Are you sure this is the right answer? Because the assessment of Control is also a very important factor and

the auditor can decide to omit procedures, reduce or increase sample size based on that.

[Anonymous]

@Casey [SCRF! Some Cases R Fine!]

4 Circumstances that oblige an auditor to disclose fraud to outside parties:

Successor auditor

Compliance to legal & regulatory requirements

Response to a subpoena

Funding Agency

[MintsRGood]

@amordiva love the acronym for the disclosure requirements!!! I am definitely using that one!!!!

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Topsya]

@taiyab

i am absolutely sure. Here's why:

you will not use “b” because “b” relates to attributes sampling, and you need to plan a sample size for a test of subsequent cash receipts – variables

“c” is incorrect. They are talking about INTERCOMPANY receivable balance, means how much different departments/operations owe to each other

“d” is incorrect because how much company wrote off is irrelevant. As far as you know they can receive money and then write off the receivable, so your sample would be non objective if you consider the write offs

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[Anonymous]

amordiva,

Brilliant! I really hope I get a question or two on my upcoming exam. No chance I forget SCRF!

[Anonymous]

Question on Going Concern:

What is the time horizon for going concern consideration under:

a) GAAS

b) ISA

[Topsya]

@Casey:

GAAS – a period not to exceed one year from the date of the financial statements.

International Standards – time horizon of at least, but not limited to, twelve months

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[Jimmy520]

Took AUD final exams and felt like I know nothing ~

FAR-2/1/2013 Passed!!
AUD-4/5/2013
REG-5/31/2013
BEC-7/15/2013

[Topsya]

taking it tomorrow….. freaking out…..((((

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[MintsRGood]

Good Luck Topsya!!!!!!! Let us know how it goes!!!!!!!!! 🙂

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Topsya]

Thanksss MintsRGood !!!!….

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[Jimmy520]

GL Topsya

FAR-2/1/2013 Passed!!
AUD-4/5/2013
REG-5/31/2013
BEC-7/15/2013

[Anonymous]

Topsya,

You're going to crush it. Good luck!

[.75 CPA]

Okay…so I took AUD about a month ago and I thought I did amazing. It was the only test I felt confident about while walking out of that test center and I failed. I was crushed but immediately wanted to tackle this beast so I looked at my score breakdown to see where I should start.

I did stronger on MC and weaker on SIMS. And by stronger for MC, I mean stronger on every single section of MC…how is this possible?

Since the SIMS sort of came out of nowhere on this section, I'm not sure where I can adjust my studying in order to do better this time. I'm doing all of Becker's MC over again and I'm getting great scores…clearly I know my MC…it's the SIMS.

How do I do this????? I haven't even scheduled my exam yet because I'm at a loss…how do I improve my chances of passing?? I need 6 more points and last time I did everything I possible could!

FAR-PASS!
REG-PASS!
BEC-PASS!
AUD-April/May 2013

[Author]

Replies