[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

[zxiao]

FYI If the accountant doesn't disclose his or her lack of independence, he or she is not allowed to have contingent fees.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[LL Cool Jim]

Ok so bottom line. non independence for compilation MUST be disclosed and reason for non independence MAY OR MAY NOT be disclosed.

Right?

FAR Done
REG Done
BEC Done

[LL Cool Jim]

Ok so bottom line. non independence for compilation MUST be disclosed and reason for non independence MAY OR MAY NOT be disclosed.

Right?

FAR Done
REG Done
BEC Done

[zxiao]

Correct.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

Correct.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[taxman89]

was talking to a friend/acquaintance who just took reg as his first test for the CPA and said how he just went through the becker study material and didnt do any multiple choice Qs……i am on my 3rd try for aud and have done thousands of m/cs….is it wrong to hope he fails 😀 lol i

Aud-75 3x I knew i never liked you
Bec-77 1x being in the bubble is stressful
Reg-82 4x its not me its you...and no we cant be friends
Far-78 1x easiest section

[taxman89]

was talking to a friend/acquaintance who just took reg as his first test for the CPA and said how he just went through the becker study material and didnt do any multiple choice Qs……i am on my 3rd try for aud and have done thousands of m/cs….is it wrong to hope he fails 😀 lol i

Aud-75 3x I knew i never liked you
Bec-77 1x being in the bubble is stressful
Reg-82 4x its not me its you...and no we cant be friends
Far-78 1x easiest section

[Anonymous]

hi I was wondering if anyone can help me- is SAS only for non issuers or issuers as well?

because I at first thought that it is for non issuers only but then in my wiley book in mod 6 it says that for interim reviews for issuers it is under SAS – if anyone has an explanation I would appreciate it…

[Anonymous]

hi I was wondering if anyone can help me- is SAS only for non issuers or issuers as well?

because I at first thought that it is for non issuers only but then in my wiley book in mod 6 it says that for interim reviews for issuers it is under SAS – if anyone has an explanation I would appreciate it…

[zxiao]

@cats SAS is for nonissuers and issuers. PCAOB has issued several of its own AS to replace ASB, but other parts of SAS that's not been replaced by AS still applicable for issuers.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

@cats SAS is for nonissuers and issuers. PCAOB has issued several of its own AS to replace ASB, but other parts of SAS that's not been replaced by AS still applicable for issuers.

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[Anonymous]

k thanks!

so then for issuers their audits reviews and compilations are under PCAOB?

[Anonymous]

k thanks!

so then for issuers their audits reviews and compilations are under PCAOB?

[zxiao]

@cats I'm using Becker. It doesn't mention compilation engagement for issuers. Also, assuming we are not taking AT under consideration.

Compilation engagement is in accordance with SSARS (nonissuer); review engagement is in accordance with SSARS (nonissuer and it's not interim FS); review engagement is in accordance with SAS, thus GAAS (nonissuer interim FS)/ in accordance with auditing standards in PCAOB (issuer interim FS).

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[zxiao]

@cats I'm using Becker. It doesn't mention compilation engagement for issuers. Also, assuming we are not taking AT under consideration.

Compilation engagement is in accordance with SSARS (nonissuer); review engagement is in accordance with SSARS (nonissuer and it's not interim FS); review engagement is in accordance with SAS, thus GAAS (nonissuer interim FS)/ in accordance with auditing standards in PCAOB (issuer interim FS).

I Can Do This!!!!!

BEC: 89
AUD: 99
REG: 93
FAR: 8/2/2014

[Author]

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