[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

[Guti]

Stole way, thanks for helping me out,but do you know what kind of experience I need if I only have 126 credits?

FAR-84
AUD-
REG-
BEC-

[Guti]

Stole way, thanks for helping me out,but do you know what kind of experience I need if I only have 126 credits?

FAR-84
AUD-
REG-
BEC-

[vkhCPA]

Just got my AUD score…I did HORRIBLY. Way worse than I thought I would have done.

It was my first time taking any of the CPA exams.

So need some advice on whether I should study for it again and retake it or move on to the next section (REG)?

Any advice and tips would be greatly appreciated!

Feeling so demoralized right now 🙁

Thanks in advance, everyone.

AUD - 12/03/13
REG - 02/28/14
FAR - TBD
BEC - TBD

Becker, Wiley & Ninja

[vkhCPA]

Just got my AUD score…I did HORRIBLY. Way worse than I thought I would have done.

It was my first time taking any of the CPA exams.

So need some advice on whether I should study for it again and retake it or move on to the next section (REG)?

Any advice and tips would be greatly appreciated!

Feeling so demoralized right now 🙁

Thanks in advance, everyone.

AUD - 12/03/13
REG - 02/28/14
FAR - TBD
BEC - TBD

Becker, Wiley & Ninja

[Utopia]

Can anyone explain this question:

An auditor who is unable to form an opinion on a new client's opening inventory balances may issue an unmodified opinion on the current year's:

a. Statement of shareholders' equity only.

b. Income statement only.

c. Balance sheet only.

d. Statement of cash flows only.

Explanation

Choice “c” is correct. If the auditor is unable to form an opinion on a new client's opening inventory balances, the auditor will issue an opinion on the closing balance sheet only and will issue a disclaimer of opinion on the statements of income, retained earnings and cash flows.

Choices “b”, “d”, and “a” are incorrect. The auditor should issue a disclaimer of opinion on these financial statements if the auditor is unable to form an opinion regarding opening inventory balances.

My question: do they need to consider interrelationship between net income and retained earnings and the balance sheet?

Thanks.

[Utopia]

Can anyone explain this question:

An auditor who is unable to form an opinion on a new client's opening inventory balances may issue an unmodified opinion on the current year's:

a. Statement of shareholders' equity only.

b. Income statement only.

c. Balance sheet only.

d. Statement of cash flows only.

Explanation

Choice “c” is correct. If the auditor is unable to form an opinion on a new client's opening inventory balances, the auditor will issue an opinion on the closing balance sheet only and will issue a disclaimer of opinion on the statements of income, retained earnings and cash flows.

Choices “b”, “d”, and “a” are incorrect. The auditor should issue a disclaimer of opinion on these financial statements if the auditor is unable to form an opinion regarding opening inventory balances.

My question: do they need to consider interrelationship between net income and retained earnings and the balance sheet?

Thanks.

[stoleway]

vkhCPA

Try AUD again, if you dont pass, move on to the next section.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[stoleway]

vkhCPA

Try AUD again, if you dont pass, move on to the next section.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[oblio]

Anxiously awaiting 2014 Updates:)

BEC – 67, 81

AUD – 68

FAR – 80

REG – TBD

[oblio]

Anxiously awaiting 2014 Updates:)

BEC – 67, 81

AUD – 68

FAR – 80

REG – TBD

[nikkip]

I am taking AUD in mid feb.. this is my first exam and i m really nervous. I started studying a week ago using becker material. I also bought Ninja AUD notes and flashcards but my problem is with all these material it gets overwhelming and confusing. Beckers material starts with Audit Reports and I feel like Ninja notes dont cover much. Is any one of you facing same issue? how are you dealing with it?

[nikkip]

I am taking AUD in mid feb.. this is my first exam and i m really nervous. I started studying a week ago using becker material. I also bought Ninja AUD notes and flashcards but my problem is with all these material it gets overwhelming and confusing. Beckers material starts with Audit Reports and I feel like Ninja notes dont cover much. Is any one of you facing same issue? how are you dealing with it?

[tyndil24]

@ utopia.

Yes, you have to consider the relationship between all the financial statements. The issue is that they cannot be sure of beginning inventory which in turn effects cost of goods sold which flows through to the other statements.

REG - 76 (7/13)
FAR - 83 (8/13)
BEC - 87 (10/13)
AUD - 84 (1/14)

[tyndil24]

@ utopia.

Yes, you have to consider the relationship between all the financial statements. The issue is that they cannot be sure of beginning inventory which in turn effects cost of goods sold which flows through to the other statements.

REG - 76 (7/13)
FAR - 83 (8/13)
BEC - 87 (10/13)
AUD - 84 (1/14)

[jackaroe]

Can there be a gray area between the treatment of risks? If a risk factor exists – how can it be expected to be evaluated as ‘likely occurring' as opposed to just ‘occurring'? This is different from seeing a bunch of risk factors existing, thereby exhibiting a ‘pervasive over the financial statements as a whole' quality. [this doesn't concern ‘testing of controls'].

[Author]

Replies