[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

[Qlad]

i did once look at the GAAS and GAGAS info…but need to revise …plan is to finish the final review sims of becker …then start with practice exams in these 5 days…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[kevindley]

I just had a question from Becker that makes no sense to me…

Essentially it says A CPA is disclaiming an opinion on unaudited f/s because they are not in conformance with GAAP due to management failing to capitalize certain leases. The CPA has suggested revisions but management refuses. Under these circumstances, the CPA should:

I chose the answer that says issue a qualified/adverse opinion depending on materiality.

However, Becker says the correct answer is to describe the nature of the GAAP departure in the CPAs report and state the effects on the f/s (if practicable).

I am confused because I thought a departure from GAAP or misstated f/s called for a qualified/adverse opinion, and the qualified/disclaimer of opinion was reserved for auditing process problems/scope/independence/going concern issues.

Also, Becker's explanation for why the answer I chose was wrong is useless (kind of like a “no duh” explanation). Basically it says that a disclaimer results in no assurance or opinion being given. Then it continues to say that a qualified/adverse opinion provides more assurance than a disclaimer. Oh thanks for clearing that up Becker, that's what I was confused on…lol

FAR - 86
REG - 88
BEC - 85

[Anonymous]

@Kevindley

This is a tricky question. From my memory, the question states that its a review engagement? If not, please disregard my comment below.

You are correct. A departure from GAAP would be either a qualified/adverse depending on whether its pervasive or not. When performing a review on the financials, you're provided limited/negative assurance that there would be no material modifications to the statements for it to be in accordance with the applicable framework. When the accountant finds a GAAP departure in a review engagement, the accountant should disclose the departure in the accountants report.

[JamesBJames]

@Kevindley

I just got done going through all the A2 HW questions, and let me tell you– that's an A2 question about reviews. I thought they explicitly said “review” in the prompt, but hey, “unaudited financial statements” suggests something with less scope than an audit.

A review offers limited assurance, but the accountant express no opinion. If the accountant finds a GAAP departure, he can't issue a qualified / adverse opinion because, well, it's a review. Instead, he modifies the report and talks about the departure in an additional paragraph right at the end of the report.

—

I've still got to re-read and re-do all of A3 today. Ugh. This is taking so much longer than I thought.

FAR: May 1st, 2014 - 91
AUD: May 29th, 2014 - 97!
BEC: July 16th, 2014 - 91
REG: August 29th, 2014 - 88

Licensed December 2015

Feel free to add me on LinkedIn by clicking my username!

[Anonymous]

@JamesBJames

For sure man. Keywords such as audited, unaudited, issuer and nonissuer are the break it or make it questions.

Fantastic score on FAR btw.

[JamesBJames]

@CPAer

Thanks! I'm hoping I can keep the momentum going from FAR to AUD. It'll definitely help my confidence if I get in the 70s+ on the Becker practice tests, but I'm not doing those until Monday at the earliest, after I've re-done all the HW. Crossing my fingers.

FAR: May 1st, 2014 - 91
AUD: May 29th, 2014 - 97!
BEC: July 16th, 2014 - 91
REG: August 29th, 2014 - 88

Licensed December 2015

Feel free to add me on LinkedIn by clicking my username!

[katerina2665]

i dont even know why im going on Wednsd… Im so tired and unprepared, i made myself a commitment to pass all 4 in 1 window, and i just have Aud left and i feel empty and depressed. Everything i read seems same to me from page to page. i remember when i studied for FAR i was sitting last 10 days before exam for 10 hours each day full of energy, now i just stare at the screen every day and wanna kill myself.. AUD is so blah, just tons of same unfamiliar words over and over again. I feel like even when i answer questions correctly, i dnt know why it is correct.

Has anyone ever found AUD uninspiring? thats a funny word to use for it i guess 🙂

[Topsya]

hey katerina…. откуда ты? 🙂

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

[JamesBJames]

Keep at it, @katerina. Taking all four parts in one testing window is insane, and I still don't know how people do it. It's not the end of the world if you fail, but if you can just push through the monotony for a couple more days you'll be done with this stupid exam for life.

FAR: May 1st, 2014 - 91
AUD: May 29th, 2014 - 97!
BEC: July 16th, 2014 - 91
REG: August 29th, 2014 - 88

Licensed December 2015

Feel free to add me on LinkedIn by clicking my username!

[katerina2665]

@Topsya, Brooklyn, NYC, а так, Вильнюс, а ты? 🙂

@JamesBJames, thanks! i just feel so tired all of a sudden, reading this forum is what keeps my spirit up, people are so warm here. Im actually not even going to be upset if i fail, cause im not even done with becker book as of today, not even talking about re-working all Qs as usual. Your FAR score is crazy though 🙂 congrats, i got my FAR results also just now, and i think i never been this close to collapsing out of happiness (it was my 3rd time for FAR)

[Topsya]

@katerina2665 right now im in Annapolis, MD

а так Ставрополь

nice to see you here))

удачи на экзамене!!!!!

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

[NYCaccountant]

Do you guys even bother to do the research questions? I'm thinking of treating them like the writing for BEC, which is just ignore them.

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

[JamesBJames]

I always go through the simulations once and then basically never touch them again. IMO, if I 1) understand the concepts behind the MCQs well enough and 2) know how to navigate the authoritative literature smoothly, then I'll be fine.

I think playing around with the authoritative literature and seeing what's in it and how things are structured is much more useful, anyway. Thank you, free 6-month trial.

FAR: May 1st, 2014 - 91
AUD: May 29th, 2014 - 97!
BEC: July 16th, 2014 - 91
REG: August 29th, 2014 - 88

Licensed December 2015

Feel free to add me on LinkedIn by clicking my username!

[Anonymous]

@jamesbjames. regarding the exams i got a 74.2 on the first becker exam. Taking the second on monday. I got a 60 and 70 on the becker exams for FAR. You did better then me on FAR so you should be good my dude.

[zieba]

yeah except some guys on here ran regression analysis which show becker's final exam to have an error in the range of 30% from advisory scored. so, take it with a grain of salt. we'll all be alright. remember! NASBA simply puts the names and scores into a drum and starts drawing winners

AUD - 75*, 88 done 5/14! (*exp)
BEC - 74 , 77
REG - 65 , 76 (10 point combooo!!)
FAR - 69 , 75

Dr: perseverance
Dr: intelligence
Dr: luck
. Cr: . advisory score

[Author]

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