[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

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

[funtiks]

confused…

in A1-2 it states that auditor is not supposed to express opinion on effectiveness of internal control, but in A5 it says that auditor is requires to express opinion on effectiveness on internal contr…

or they only refer to integrated audit in A5?

FAR - 76*, 73, 85
BEC - 69, 72, 78*, 80
AUD - 72, 71, 90
REG - 71, 74, 85

AFTER 3 YEARS I'M DONE!!!

[thehip41]

@markeckerle

Consistency – implicit

Evidence – explicit

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[thehip41]

@funkiss

Only PCAOB audits is it required

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[Priscilla]

@ scarletknight91:

Thank you!

AUD - Done
REG - Done
BEC - Done
FAR - August 2015

[Priscilla]

Ninja's I have same question as Ancel

“Does anybody using Becker, know what chapter(s) deal with understanding the entity? “

Anyone knows?

AUD - Done
REG - Done
BEC - Done
FAR - August 2015

[thehip41]

Im sad that it's a ghost town here

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[Gabe]

Hello all,

First time taking AUD and had a quick question:

What are the most important ratios to know (looking at A4)? The Becker book lists 3 pages of them…any suggestions?

CPA, CFE
CISA- Experience will be completed by August 2016

[Anonymous]

I'm sure its not just me, but is audit really easy through A3 of Becker? I heard A4 is tough, but idk everything seems pretty simple so far.

[Hola2706]

Priscilla,

It should be in planning so probably A1 or A2

[Hola2706]

funtiks

For public companies (issuers) the auditor needs to express an opinion on internal controls. It's under the PCAOB. for non issuers they dont have to express an opinion on internal controls.

Just think that if the company is an issuer, then more work is required bc the financial statements will be available to a larger public (eveyrone) and therefore more assurance is needed..

Hope this helps 🙂

[Hola2706]

CPAOneDayHopefullay,

For me A4 and A5 were the hardest .. when it comes to control risks and sampling..

[Anonymous]

Hello, everyone. I tried searching for an answer and couldn't find, so forgive me if this has been answered a million times before. Do I need to memorize the titles/sections of SOX? If I'm familiar with the regulation, do I need to know that, for example, Title IV-407 requires disclosure that at least 1 member of audit committee is a financial expert?

[thehip41]

@dg3

lord no

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[Nramona]

Hi All! I took my exam today.. the SIMS were much more difficult than I anticipated.. more FAR related questions than AUD in my opinion. Finished the MC in 1.5 hours (they got progressively harder.. but nothing too bad). Even though im feeling confident about my MC, I know I messed up on the SIMS and I got 2 research questions (is it true to assume in that situation one of the research ones is the ‘test' SIM?)

Hope you all are holding up well! Best of luck!

…Back to patiently awaiting my score release while also dreading the thought of having to look at this material again. :/

FAR (2/14): PASSED!
AUD (5/14): PASSED!
REG (7/14): TBD
BEC (8/14): TBD

[Priscilla]

@ Hola2706 – Thanks!

AUD - Done
REG - Done
BEC - Done
FAR - August 2015

[Author]

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