[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

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Amay]

@JRyan154 Thanks for your input. I have a couple of years of audit experience so I think that should help me, but still worried about such a short timeline. I think I will give it a try and see how I feel 5 days before I want to take my test and decide whether to schedule it or not at that point.

I am used to doing MCQs immediately after doing a lecture for that section as Becker suggests, and it has worked for me in terms of not getting over-whelmed with different topics, but I see what you are saying with AUD. I may try that…studying now for BEC in which that strategy would not work…too many different topics!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Amay]

@JRyan154 Thanks for your input. I have a couple of years of audit experience so I think that should help me, but still worried about such a short timeline. I think I will give it a try and see how I feel 5 days before I want to take my test and decide whether to schedule it or not at that point.

I am used to doing MCQs immediately after doing a lecture for that section as Becker suggests, and it has worked for me in terms of not getting over-whelmed with different topics, but I see what you are saying with AUD. I may try that…studying now for BEC in which that strategy would not work…too many different topics!

BEC: 73, 81
AUD: 85
FAR: 71, 77
REG: 74, 75...finally DONE! 😀

*This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently 🙂

[Newbe654]

@insiyah24

Its my understanding that the PRIMARY source FOR information ABOUT litigation, claims, and assessments is MANAGEMENT while legal counsel is only used to corroborate information… If that helps any :/

[Newbe654]

@insiyah24

Its my understanding that the PRIMARY source FOR information ABOUT litigation, claims, and assessments is MANAGEMENT while legal counsel is only used to corroborate information… If that helps any :/

[ragepsn29]

I did my second attempt today for Auditing. I feel confident about the multiple choice questions but not so much with simulations. Man it's going to be a long wait before I find out the score!

AUD - 65, 72, 70, 74, 81
FAR - 66, 71, 76
REG - 69
BEC - 80

[ragepsn29]

I did my second attempt today for Auditing. I feel confident about the multiple choice questions but not so much with simulations. Man it's going to be a long wait before I find out the score!

AUD - 65, 72, 70, 74, 81
FAR - 66, 71, 76
REG - 69
BEC - 80

[JRyan154]

“Rachel is conducting an audit of Eaton Enterprise, a non-issuer. Rachel has conducted her audit in accordance with GAAS and she wishes to emphasize in her report that such standards do not require the same level of testing and reporting on internal control as required for audits of audits of issuers under SOX. Which report modification would be the most appropriate?

A. Only scope paragraph is modified

B. An explanatory paragraph should be added after the opinion paragraph

C. An explanatory paragraph should be added preceding the opinion paragraph…

D. No report modification should be made

Am I going crazy here? Why is the answer to this question not B? She wished to “emphasize” this matter, there are no GAAS issues here, and it was my understanding that is the only time the scope paragraph is modified. I was almost certain the answer was B. Any help would clarifying this would be appreciated.

AUD: 78
BEC: 81
FAR: 72 (TBD)
REG: TBD (2/14/14) <3

[JRyan154]

“Rachel is conducting an audit of Eaton Enterprise, a non-issuer. Rachel has conducted her audit in accordance with GAAS and she wishes to emphasize in her report that such standards do not require the same level of testing and reporting on internal control as required for audits of audits of issuers under SOX. Which report modification would be the most appropriate?

A. Only scope paragraph is modified

B. An explanatory paragraph should be added after the opinion paragraph

C. An explanatory paragraph should be added preceding the opinion paragraph…

D. No report modification should be made

Am I going crazy here? Why is the answer to this question not B? She wished to “emphasize” this matter, there are no GAAS issues here, and it was my understanding that is the only time the scope paragraph is modified. I was almost certain the answer was B. Any help would clarifying this would be appreciated.

AUD: 78
BEC: 81
FAR: 72 (TBD)
REG: TBD (2/14/14) <3

[ganudorm]

Correct answer should be “D” right?

[ganudorm]

Correct answer should be “D” right?

[Anonymous]

@JRyan154, is the answer D?

With the standard format of auditor's report issuing unmodified opinion, the CPA implicitly mentions on the Auditor's Responsibility Paragraph: “that such standards do not require the same level of testing and reporting on internal control as required for audits of audits of issuers under SOX”.

The CPA conveys the emphasis she wants to point out in the explicit statement of: “In making those risk assessments, the auditor considers IC relevant to the entity's P&FP of the FS in order to design audit procedures that are appropriate in the control, but not for the purpose of expressing an opinion on the effectiveness of the entity's IC.” (which is applicable to issuers only).

[Anonymous]

Double post

[Anonymous]

Double post

[Anonymous]

@JRyan154, is the answer D?

With the standard format of auditor's report issuing unmodified opinion, the CPA implicitly mentions on the Auditor's Responsibility Paragraph: “that such standards do not require the same level of testing and reporting on internal control as required for audits of audits of issuers under SOX”.

The CPA conveys the emphasis she wants to point out in the explicit statement of: “In making those risk assessments, the auditor considers IC relevant to the entity's P&FP of the FS in order to design audit procedures that are appropriate in the control, but not for the purpose of expressing an opinion on the effectiveness of the entity's IC.” (which is applicable to issuers only).

[Anonymous]

Double post

[Author]

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