[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

[jsmithsae]

@amordiva…answer the questions as you wish…but according to Becker the exam will be explicitly clear when it comes to testing clarity vs non clarity. I can say that every single becker question that deals with a non-issuer with no date fact (prior to/after Dec 15, 2012) you would be wrong by choose an answer that implies changing the scope paragraph…because it does not exist for a non-issuer.

While, we know that it technically does in its new form with titles and so forth, it is no longer referred to as the scope paragraph…Becker believes that the examiners will not use that terminology unless it is an issuer, since PCAOB has not adopted the clarity standards or if the question states it was prior to Dec 15, 2012.

Becker just released quite a bit of info specifically addressing this…take it for what its worth. Personally, I trust that Becker is giving me the best possible information.

BEC-75!
AUD-84!
REG-78!
FAR-83!
Ethics-Passed!
Experience-Got that too

Used Becker 2013 Self-Study & NINJA 10pt Combo Lite(AUD)

[jsmithsae]

@amordiva…answer the questions as you wish…but according to Becker the exam will be explicitly clear when it comes to testing clarity vs non clarity. I can say that every single becker question that deals with a non-issuer with no date fact (prior to/after Dec 15, 2012) you would be wrong by choose an answer that implies changing the scope paragraph…because it does not exist for a non-issuer.

While, we know that it technically does in its new form with titles and so forth, it is no longer referred to as the scope paragraph…Becker believes that the examiners will not use that terminology unless it is an issuer, since PCAOB has not adopted the clarity standards or if the question states it was prior to Dec 15, 2012.

Becker just released quite a bit of info specifically addressing this…take it for what its worth. Personally, I trust that Becker is giving me the best possible information.

BEC-75!
AUD-84!
REG-78!
FAR-83!
Ethics-Passed!
Experience-Got that too

Used Becker 2013 Self-Study & NINJA 10pt Combo Lite(AUD)

[scestone]

The answer IS A.

In the scope (Auditor's Responsibility) paragraph of a nonissuer it is explicitly stated that the auditor considers the entity's internal control relevant to the fair presentation of the F/S but not for reasons of expressing an opinion on effectiveness of internal control and accordingly does not express an opinion.

Possibly this is the modification…

REG - 95
FAR - 96
BEC - 92
AUD - 99

[scestone]

The answer IS A.

In the scope (Auditor's Responsibility) paragraph of a nonissuer it is explicitly stated that the auditor considers the entity's internal control relevant to the fair presentation of the F/S but not for reasons of expressing an opinion on effectiveness of internal control and accordingly does not express an opinion.

Possibly this is the modification…

REG - 95
FAR - 96
BEC - 92
AUD - 99

[JRyan154]

Ah! Sorry! The answer that Becker gave was A

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

[JRyan154]

Ah! Sorry! The answer that Becker gave was A

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

[Anonymous]

@scestone, 2 thumbs up to you!

Look at your scores! Even if I reverse your score for FAR, mine is still way below.

If you're using Becker materials, when is that modification referred above can be found please.

Also, please help me list additional situations when the scope paragraph, aka, Auditor's responsibility, may be modified aside from these 2 items that I can remember:

1)When there is a scope limitation > Qualified/Disclaimer

2) Mention of component auditor

[Anonymous]

@scestone, 2 thumbs up to you!

Look at your scores! Even if I reverse your score for FAR, mine is still way below.

If you're using Becker materials, when is that modification referred above can be found please.

Also, please help me list additional situations when the scope paragraph, aka, Auditor's responsibility, may be modified aside from these 2 items that I can remember:

1)When there is a scope limitation > Qualified/Disclaimer

2) Mention of component auditor

[Kenada]

Hiya Ninjas.

I was doing a TBS question and it is about segregation of duties.

Now the Question mentions:

The Sales Clerk accepts a check from a customer and posts the sale in the general Sales ledger.

I picked Custody and recording as what should be separated. But the actual answer is shown below… How is accepting a check considered as “Authorization” ??

Authorization of transaction; Recording of transaction.  The same employee should not be in a position to authorize the sale (e.g., acceptance of a check) and record the sale.

FAR 05/27/14; 786/110 - Done !

[Kenada]

Hiya Ninjas.

I was doing a TBS question and it is about segregation of duties.

Now the Question mentions:

The Sales Clerk accepts a check from a customer and posts the sale in the general Sales ledger.

I picked Custody and recording as what should be separated. But the actual answer is shown below… How is accepting a check considered as “Authorization” ??

Authorization of transaction; Recording of transaction.  The same employee should not be in a position to authorize the sale (e.g., acceptance of a check) and record the sale.

FAR 05/27/14; 786/110 - Done !

[10keyLeah]

@insiyah24 – that is a tricky question. It looks like they are emphasizing that those in sales should not have any accounting responsibilities. For example, Wiley made it clear that accounting department should have nothing to do with production.

It can be very hard to pick ‘the best answer'. I can see where both answers are correct.

Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

[10keyLeah]

@insiyah24 – that is a tricky question. It looks like they are emphasizing that those in sales should not have any accounting responsibilities. For example, Wiley made it clear that accounting department should have nothing to do with production.

It can be very hard to pick ‘the best answer'. I can see where both answers are correct.

Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

[silliepanda]

Well … I just took REG today. Now it is time for Audit. Any tips on how to stay engaged when studying? I have never audited so it is all new to me. I have taken the exam before and failed .. but this time I am determined to get it done.

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[silliepanda]

Well … I just took REG today. Now it is time for Audit. Any tips on how to stay engaged when studying? I have never audited so it is all new to me. I have taken the exam before and failed .. but this time I am determined to get it done.

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[ganudorm]

@scestone – that wouldn't be a modification to the report because that statement is STANDARD to the unmodified report. You always state that internal control was considered but not for purposes of expressing opinion on effectiveness. It is an explicit statement but wouldn't be considered a modification in my opinion if the statement is standard.

[Author]

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