[jeff]

Welcome to the Q2 2017 CPA Exam Study Group for AUD. 🙂

[Mika]

@pcunniff

Here is the exact wording from AU-C 402.A44:

“when the user auditor expresses a modified opinion because of a modified
opinion in a service auditor's report, the user auditor is not precluded from
referring to the service auditor's report if such reference assists in explaining
the reason for the user auditor's modified opinion. In such circumstances, the
user auditor need not identify the service auditor by name and may need the
consent of the service auditor before making such a reference.”

examples of modification: maybe the service auditor's report has a modified opinion, and I believe it will materially affect the F/S of my client, therefore, I need to modify my report too.. Modifying the report should be the auditor's own judgment, there isn't a concrete rule says you must modify your report if service auditor report is modified.

[Anonymous]

@nola-girl5 I had 5 DRS when I took FAR in early April and I take AUD tomorrow. I hope I don't have 5 again!

[GiveMeCPA123]

I took the test today, and I have a question about my research question. I have always gotten my research question right on Becker no problem, but maybe I was second guessing myself today because this was the real deal.

Anyway, without disclosing too much, I was asked to find a passage that outlined what to include in a certain thing that's required in all audits (issuer and nonissuer). The question did not specify issuer or nonissuer, but I found the applicable standard in both AICPA standards and PCAOB standards. The passages were virtually exactly the same, but I went with the AU-C because that's what 9/10 research questions from Becker were looking for. How would I have known which to choose, or maybe they accept either passages?

[livealittle]

good luck everyone testing today!

I am taking mine this afternoon. Been reviewing this morning.

After today, nothing left to do but wait on score release.

BEC - 8/8/16
REG - 66, 77
AUD - 81
FAR - 9/8/16

[brokeonbecker4]

@GiveMeCPA123 It sounds like we had the same research question. I initially put PCAOB, but then I realized it said “professional standards” in the question. Next to AICPA in the side tab for the authoritative literature, it says “professional standards” so I changed it to AU-C.

[jeff]

Closing thread – see everyone in the new study group.

[Author]

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