[jeff]

AUD Resources:

Free AUD Notes & Audio – https://www.another71.com/cpa-exam-study-plan

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

AUD Score Release: https://www.another71.com/cpa-exam-scores-results-release

[mystical guy]

@studylongUstudywrong in my journey I got rid of internet and TV all together. I don't know if I needed to but it helped.

CPA - Since 2015
CISA - Smashed 2012
CIA - Passed 2015

[jackaroe]

@mystic – I get that pressure to produce increases risk – but what is and what does ‘aggressive reporting' have to do with anything?

[jackaroe]

@mystic – I get that pressure to produce increases risk – but what is and what does ‘aggressive reporting' have to do with anything?

[Anonymous]

The aggressive reporting simply suggests that there may be a unknown underlying reason for the aggressive attitude, and it should be considered within the scope of the audit.

As an auditor you must exercise professional skepticism. If a client is acting ‘aggressively' you must, at the very least, investigate further. By increasing RMM, you decrease your acceptable Detection Risk and subsequently perform more substantive procedures to ensure that such aggressiveness is justified and not the result of fraud or something else.

[Anonymous]

The aggressive reporting simply suggests that there may be a unknown underlying reason for the aggressive attitude, and it should be considered within the scope of the audit.

As an auditor you must exercise professional skepticism. If a client is acting ‘aggressively' you must, at the very least, investigate further. By increasing RMM, you decrease your acceptable Detection Risk and subsequently perform more substantive procedures to ensure that such aggressiveness is justified and not the result of fraud or something else.

[snuff_is_enough]

@mystical guy thanks for the answer. I wrote to Becker and here is what they had to say:

Your answer was likely correct – but only through last June. When the Clarified Audit Standards became testable as of July 1, 2013, the AICPA determined that although both the ‘old' standards (AU) and the Clarified standards (AU-C) would be presented in the research tool, ONLY answers from the Clarified standards would be accepted as correct. So, unfortunately, even if your answer was right, the AICPA would count it wrong – basically what happened on this question.

Here's an extra wrinkle for your exam. The ‘old' standards were officially retired from being tested on the exam as of January 1, 2014. As a result, the AICPA should purge the old standards from the research tool leaving only the Clarified standards. Until we've received confirmation from the AICPA that it's been done, we're leaving our research tool as it appeared in 2013.

Bottom line – if you see both AU and AU-C when you are working on your exam, make sure to select a response from the AU-C. If you only see AU, then that's where you'll find the answer.

[snuff_is_enough]

@mystical guy thanks for the answer. I wrote to Becker and here is what they had to say:

Your answer was likely correct – but only through last June. When the Clarified Audit Standards became testable as of July 1, 2013, the AICPA determined that although both the ‘old' standards (AU) and the Clarified standards (AU-C) would be presented in the research tool, ONLY answers from the Clarified standards would be accepted as correct. So, unfortunately, even if your answer was right, the AICPA would count it wrong – basically what happened on this question.

Here's an extra wrinkle for your exam. The ‘old' standards were officially retired from being tested on the exam as of January 1, 2014. As a result, the AICPA should purge the old standards from the research tool leaving only the Clarified standards. Until we've received confirmation from the AICPA that it's been done, we're leaving our research tool as it appeared in 2013.

Bottom line – if you see both AU and AU-C when you are working on your exam, make sure to select a response from the AU-C. If you only see AU, then that's where you'll find the answer.

[nishvik]

Hello,

Can some one please help me with this journal entry for –At the end of year 2 major customer filed for Bankrupcy

Wiley gives answer : DR Operating expense CR Allowance for Doubtful account

I thought for Bankrupcy the Journal entry should be Dr Allowance for doubtful account CR Accounts receivable

I am confused here.. Please if someone can help with this if they have any idea about this.

Thanks

FAR- 79 -->Becker self study, Final review & Flashcards
REG -72-->Becker ,76-->Becker plus Wiley test bank
AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
BEC- 84 Becker plus Wiley Test bank

I am Done !!!!

[nishvik]

Hello,

Can some one please help me with this journal entry for –At the end of year 2 major customer filed for Bankrupcy

Wiley gives answer : DR Operating expense CR Allowance for Doubtful account

I thought for Bankrupcy the Journal entry should be Dr Allowance for doubtful account CR Accounts receivable

I am confused here.. Please if someone can help with this if they have any idea about this.

Thanks

FAR- 79 -->Becker self study, Final review & Flashcards
REG -72-->Becker ,76-->Becker plus Wiley test bank
AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
BEC- 84 Becker plus Wiley Test bank

I am Done !!!!

[jackaroe]

@aduncansdg – Thanks for the explanation for an explanation of ‘aggressive reporting'.

[jackaroe]

@aduncansdg – Thanks for the explanation for an explanation of ‘aggressive reporting'.

[big K]

Hello Everyone,

I am planning taking AUD in four weeks. I haven't started studying for the exam at all; I just took FAR yesterday.

I have read Jeff's 4 week plan for preparing for the exam – anything else you guys can add to that?

Thanks for the input.

[big K]

Hello Everyone,

I am planning taking AUD in four weeks. I haven't started studying for the exam at all; I just took FAR yesterday.

I have read Jeff's 4 week plan for preparing for the exam – anything else you guys can add to that?

Thanks for the input.

[funtiks]

this fuing part infuriates me

i get 40s on MCQs after putting in over 20 hours into a chapter

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

AFTER 3 YEARS I'M DONE!!!

[funtiks]

this fuing part infuriates me

i get 40s on MCQs after putting in over 20 hours into a chapter

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

AFTER 3 YEARS I'M DONE!!!

[Author]

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