[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

[F15hy]

@Done2014, look here 🙂 Good luck!

https://www.another71.com/cpa-exam-forum/topic/aud-exam-experience-official-thread/page/23#post-399631

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[F15hy]

@Done2014, look here 🙂 Good luck!

https://www.another71.com/cpa-exam-forum/topic/aud-exam-experience-official-thread/page/23#post-399631

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[oblio]

Any mnemonic for memorizing the ‘Auditors Responsibility' paragraph in the standard unmodified audit report? Crikies it's long.

[oblio]

Any mnemonic for memorizing the ‘Auditors Responsibility' paragraph in the standard unmodified audit report? Crikies it's long.

[wail2014]

Getting close to the exam, The key is non stop MCQS.

FAR-76

REG-81

AUD- Feb 24th

BEC-NS

[wail2014]

Getting close to the exam, The key is non stop MCQS.

FAR-76

REG-81

AUD- Feb 24th

BEC-NS

[jackaroe]

Attribute Sampling: What is an ‘increase' in accessing control risk too low?

The risk of accessing control risk too low is inversely related to sample size. An increase in the risk of assessing CR too low means that you need to increase the sample size.

Assessing control risk at a high level means more substantive tests because you can't rely on the controls.

Assessing control risk at a low level means that the controls appear to be operating effectively.

I assume that ‘the risk of assessing control risk too low' means that you shouldn't have set the CR at a low level because the controls might not be working as effectively as you thought that they were.

So how could there be an increase in the increased risk? Why wouldn't you just set the ‘low' level of CR to ‘high' and be done with it?

[jackaroe]

Attribute Sampling: What is an ‘increase' in accessing control risk too low?

The risk of accessing control risk too low is inversely related to sample size. An increase in the risk of assessing CR too low means that you need to increase the sample size.

Assessing control risk at a high level means more substantive tests because you can't rely on the controls.

Assessing control risk at a low level means that the controls appear to be operating effectively.

I assume that ‘the risk of assessing control risk too low' means that you shouldn't have set the CR at a low level because the controls might not be working as effectively as you thought that they were.

So how could there be an increase in the increased risk? Why wouldn't you just set the ‘low' level of CR to ‘high' and be done with it?

[F15hy]

@jackaroe, if I'm reading what you're writing correctly, it seems like the increase in assessing control risk too low is kind of like saying is it inherently more or less risky to assess control risk too low, is that what you're saying?

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[F15hy]

@jackaroe, if I'm reading what you're writing correctly, it seems like the increase in assessing control risk too low is kind of like saying is it inherently more or less risky to assess control risk too low, is that what you're saying?

CA Candidate

B-79 (4th Attempt, finally killed you Nov 2013)
A-81 (3rd Attempt, Feb 2014) AND I AM DONE!!!!!
R-80 (1st Attempt, Feb 2013)
F-77 (2nd attempt, Jan 2014)

Becker, Becker Final Review, NINJA 10-Point Combo
($M.O.B$)

CA Ethics-92%

[Tobecpa1]

Could someone help me understand:

Vouching – Existence/Occurrence

Tracing – Completeness

If you could give example, greatly appreciated. It could be a simple way of knowing it, but i keep getting the answer wrong when I have to decide whether it's vouching or tracing.

Thanks

[Tobecpa1]

Could someone help me understand:

Vouching – Existence/Occurrence

Tracing – Completeness

If you could give example, greatly appreciated. It could be a simple way of knowing it, but i keep getting the answer wrong when I have to decide whether it's vouching or tracing.

Thanks

[Anonymous]

@tobecpa1

Try this,, Completeness begins with source CBS as in source docs and E! Existence begins with end as in f/s, ledgers, etc going back to source docs

Also, think of an arrow going up like a T for trace – from source docs up (courtesy of becker) for completeness and an arrow going down for vouch – back to source docs to ensure completeness (becker)

This worked well for me and hopefully it helps you

[Anonymous]

@tobecpa1

Try this,, Completeness begins with source CBS as in source docs and E! Existence begins with end as in f/s, ledgers, etc going back to source docs

Also, think of an arrow going up like a T for trace – from source docs up (courtesy of becker) for completeness and an arrow going down for vouch – back to source docs to ensure completeness (becker)

This worked well for me and hopefully it helps you

[Anonymous]

In the ninja audio Jeff mentions the ratios you need to know. I cannot find that spot and wondered if anyone knew what those ratios are? I hate memorizing them, and would like to narrow it down from the 2-3 pages of them in Becker.

Thanks!

[Author]

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