AUD Study Group July August 2013 - Page 37

Viewing 15 replies - 541 through 555 (of 1,172 total)
  • Author
    Replies
  • #437981
    Amay
    Member

    Hi everyone. I am about to start studying for Audit, cutting it close with only 3 weeks but my plan is to not waste time with the videos with so little time, as Jeff suggests. Any advice/tips would be really appreciated. I am using Becker 2013, which I think automatically hanged itself to the vB after May 31st.

    Would also love to know what stage of studying everyone is at!

    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 🙂

    #438130
    Amay
    Member

    Hi everyone. I am about to start studying for Audit, cutting it close with only 3 weeks but my plan is to not waste time with the videos with so little time, as Jeff suggests. Any advice/tips would be really appreciated. I am using Becker 2013, which I think automatically hanged itself to the vB after May 31st.

    Would also love to know what stage of studying everyone is at!

    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 🙂

    #437983
    Jam05
    Participant

    Hi everyone!!

    Quick question for those of you who are studying with Becker and have studied the version A of the book(before the clarity change) Only A1 has changed right? I am asking, because I am short on time and I cant afford to watch the videos all over again, so I want to study the already highlighted Version A book and A1 from Version B.

    Thanks!

    #438132
    Jam05
    Participant

    Hi everyone!!

    Quick question for those of you who are studying with Becker and have studied the version A of the book(before the clarity change) Only A1 has changed right? I am asking, because I am short on time and I cant afford to watch the videos all over again, so I want to study the already highlighted Version A book and A1 from Version B.

    Thanks!

    #437985
    varun19892006
    Participant

    Disparity between wiley and becker..Becker says “while expressing a qualified opinion auditor responsibility paragraph changes but wiley says it doesn't( q 46 mod 5)”…another question (q11 wiley module 5) wiley says “examination of evidence on a test basis” is explicitly required in the report but becker disagrees… any opinions??

    #438134
    varun19892006
    Participant

    Disparity between wiley and becker..Becker says “while expressing a qualified opinion auditor responsibility paragraph changes but wiley says it doesn't( q 46 mod 5)”…another question (q11 wiley module 5) wiley says “examination of evidence on a test basis” is explicitly required in the report but becker disagrees… any opinions??

    #437987

    @varun19892006Wiley Q11 Mod 5 is wrong. My Yaegar videos told me so, and Wiley text actually explains it that way, but the answer is just wrong.

    CA CPA - All because of the journey listed below
    -----------------------------------------------------------------------
    FAR - 53('10), 8/25/12 79 PASSED!
    REG - 66('11), 69('12), 12/06/12 77 PASSED!!
    BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
    AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

    (Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

    Ethics 90%

    #438136

    @varun19892006Wiley Q11 Mod 5 is wrong. My Yaegar videos told me so, and Wiley text actually explains it that way, but the answer is just wrong.

    CA CPA - All because of the journey listed below
    -----------------------------------------------------------------------
    FAR - 53('10), 8/25/12 79 PASSED!
    REG - 66('11), 69('12), 12/06/12 77 PASSED!!
    BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
    AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

    (Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

    Ethics 90%

    #437989
    Anonymous
    Inactive

    PCAOB standards (Becker's AUD-B p.A4-5) state that the relevance of audit evidence depends on:

    (1) design of the audit procedure

    (2) timing of the audit procedure.

    Can someone please explain to me in simpler details why does the auditor's risk assessment NOT determine the relevance of audit evidence per PCAOB standards?

    I am lost with this one!

    #438138
    Anonymous
    Inactive

    PCAOB standards (Becker's AUD-B p.A4-5) state that the relevance of audit evidence depends on:

    (1) design of the audit procedure

    (2) timing of the audit procedure.

    Can someone please explain to me in simpler details why does the auditor's risk assessment NOT determine the relevance of audit evidence per PCAOB standards?

    I am lost with this one!

    #437991
    Anonymous
    Inactive

    This is from the PCAOB Standard 15

    Relevance. The relevance of audit evidence refers to its relationship to the assertion or to the objective of the control being tested. The relevance of audit evidence depends on:

    The design of the audit procedure used to test the assertion or control, in particular whether it is designed to (1) test the assertion or control directly and (2) test for understatement or overstatement; and

    The timing of the audit procedure used to test the assertion or control.

    If you are thinking that if there is a high RMM, you should need more relevant audit evidence. Well that has to do with the sufficiency rather than appropriateness of evidence.

    #438140
    Anonymous
    Inactive

    This is from the PCAOB Standard 15

    Relevance. The relevance of audit evidence refers to its relationship to the assertion or to the objective of the control being tested. The relevance of audit evidence depends on:

    The design of the audit procedure used to test the assertion or control, in particular whether it is designed to (1) test the assertion or control directly and (2) test for understatement or overstatement; and

    The timing of the audit procedure used to test the assertion or control.

    If you are thinking that if there is a high RMM, you should need more relevant audit evidence. Well that has to do with the sufficiency rather than appropriateness of evidence.

    #437993
    Mia
    Participant

    After a week of feeling stuck, I suddenly felt so pumped to study AUD yesterday. Finished a whole A2 in a day and I think I'm really getting it now. Plus did more stuff for work than I usually do.. anyways, yeah I just wanted to brag to hopefully make me more committed to studying today. AUD is not easy! Study on everyone!

    BEC 82 Nov 2012 | REG 80 Feb 2013 | FAR 76!!! Apr 2013 | AUD 69 May 2013 | AUD 83!!! Aug 2013

    Done!! Thanks Jeff & A71 friends!

    Ad maiorem Dei gloriam - For the greater glory of God!

    #438142
    Mia
    Participant

    After a week of feeling stuck, I suddenly felt so pumped to study AUD yesterday. Finished a whole A2 in a day and I think I'm really getting it now. Plus did more stuff for work than I usually do.. anyways, yeah I just wanted to brag to hopefully make me more committed to studying today. AUD is not easy! Study on everyone!

    BEC 82 Nov 2012 | REG 80 Feb 2013 | FAR 76!!! Apr 2013 | AUD 69 May 2013 | AUD 83!!! Aug 2013

    Done!! Thanks Jeff & A71 friends!

    Ad maiorem Dei gloriam - For the greater glory of God!

    #437995
    silliepanda
    Member

    Anyone who has NEVER done an audit for work and passed the exam … any tips? This is my worst exam area and I am just having a hard time jumping in.

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

Viewing 15 replies - 541 through 555 (of 1,172 total)
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