[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

[Anonymous]

@gabequinn I know that it is important to consider who everyone reports to in a corporation. For instance, an auditor would prefer that the internal audit staff normally report to the board of directors rather than a controller. This is because internal audit might be scared/feel awkward telling a controller that he/she has done something wrong.

[NYCaccountant]

Ok, last test, bring Audit on. I already see @thehip41 & @CPAOneDayHopefullay, so familiar people.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Gabe]

Thanks @CPAOneDayHopefullay! The wording kind of threw me…I see we're taking AUD a day apart- how far along are you on studying?

@NYCaccountant Congrats on the last test! When are you sitting?

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

[Anonymous]

@gabequinn After today I'll be 3/4 finished with A4 of Becker. What review are you using??

@NYCaccountant When are you testing??

[NYCaccountant]

I was trying to test at the end of this month for AUD, but I have push it back until July. I've been going out, drinking, partying, enjoying life and really only started studying hard this past week. Plus, I got birthday parties and other stuff coming up, so it's smart to push it back.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Congrats man you deserve it!! From everyone I've talked to, Audit is a relatively easier test so if you're not taking it until July, you probably don't even need to start studying until late May or June. If i was you, I would just take a couple weeks off to continue partying and enjoying life haha. When I finish Audit (am in your current position, 3/4 tests done) I'm going to Europe for most of June with buddies from school. Gotta keep my eye on the prize…which as of right now is Europe not the CPA lol

[Gabe]

@CPAOneDayHopefullay Awesome! Using Becker and WTB as a supplement. Also have Ninja notes. Right now I've gone through all the chapters and am doing review, getting 80's…I didn't expect to go through it this fast, but it'll give me time to fine tune. How big of a deal do you think the financial ratio analysis stuff is going to be? That's the one thing tripping me up

@NYC good idea. Enjoy your time off!

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

[Anonymous]

@gabequinn I've never taken Audit before, but one of my good friends just did and he said there were no computations on his exam at all!

[Gabe]

@CPA nice! I've been reading the AUD experience thread trying to get an idea of what it's going to be like…seems pretty uniform across the board. Well..back to studying!

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

[ChristieF]

Hey y'all! I am joining the AUD family for the remainder of Q2.. .I decided at the last possible second I'm going to take it on May 31st so I can use up the Quarter the way I intended. Hope everyone's studies are going well! I'm trying to find the motivation – but need to find it quick!!

[NYCaccountant]

Please tell me Audit gets more interesting after professional responsibilities? I'm interested in getting to the financial ratios – are they anything like the ratios in FAR and BEC? I do really well with that kind of stuff for some reason.

I know the current, quick (Acid), AR and Inventory turnover off the top of my head. They just stuck for some reason.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[thehip41]

NYC

This whole section is boring as F.

Also, just take the test at the end of May. If you study hard for 3 weeks I think you have a really good shot at passing.

I studied for 3 weeks about 60 hours for auditing and got a 73. There isn't a whole lot of material, the material is just tricky.

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

Licensed CPA in the state of Michigan

[Anonymous]

Hey can someone clarify what are the differences between a scope limitation and inability to obtain sufficient appropriate audit evidence? I want to be sure I understand which opinion I want if it's a qualified opinion if it's a GAAS issue.

Two Types of Qualified opinions:

(1) When the auditor expresses a qualified opinion due to a scope limitation, the opinion paragraph should indicate that the qualifications pertains to the possible effects on the financial statements and not to the scope limitation itself.

(2) When the auditor expresses a qualified opinion due to an inability to obtain sufficient appropriate audit evidence, the opinion paragraph should state that, in the auditor's opinion, except for the possible effects of the matter(s) described in the basis.

[Anonymous]

So yea, A4 (audit procedures) is pretty hard…

[riceperson]

@nyc its as dry as reg….

FAR 69, 83
AUD 85
BEC 80
REG 82
FINISHED

[Author]

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