AUD Study Group July August 2013 - Page 61

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  • #438344
    Anonymous
    Inactive

    @Msary

    When an auditor is engaged to review a clients INTERIM financial statements for a non-issuer then SAS Standards are used. See the below link for further explanation.

    LINK: https://www.aicpa.org/research/standards/auditattest/downloadabledocuments/au-c-00930.pdf

    @ Awesome

    The location of the authoritative literature changes July 1,2013 to the clarified version if AICPA standards. That is what Wiley is referring too. AU-C are the new clarified standards. AU are the “old” standards.

    #438490
    Anonymous
    Inactive

    @Msary

    When an auditor is engaged to review a clients INTERIM financial statements for a non-issuer then SAS Standards are used. See the below link for further explanation.

    LINK: https://www.aicpa.org/research/standards/auditattest/downloadabledocuments/au-c-00930.pdf

    @ Awesome

    The location of the authoritative literature changes July 1,2013 to the clarified version if AICPA standards. That is what Wiley is referring too. AU-C are the new clarified standards. AU are the “old” standards.

    #438346
    Anonymous
    Inactive

    @dutkas Good to see your predicted score! Looks like you had a great exam. 🙂 GL with REG!

    @Awesome If you read the authoritative literature in the back, watch for the pre- and post-June 30 ones there, too. Page 652 starts the AL that you'll need. I stapled together the first Module 5 just to make sure I read the right one (the second one).

    #438492
    Anonymous
    Inactive

    @dutkas Good to see your predicted score! Looks like you had a great exam. 🙂 GL with REG!

    @Awesome If you read the authoritative literature in the back, watch for the pre- and post-June 30 ones there, too. Page 652 starts the AL that you'll need. I stapled together the first Module 5 just to make sure I read the right one (the second one).

    #438348
    Anonymous
    Inactive

    Thanks Lilla! It went well and I had way more time then I needed. I think you'll do great!

    #438494
    Anonymous
    Inactive

    Thanks Lilla! It went well and I had way more time then I needed. I think you'll do great!

    #438350
    Letsdothis
    Member

    @dutkas & lilla

    Thanks guys

    one more question,when I'm using the wiley test bank…the answer to the research question is different then the one I am getting …I try to search the answer WTB is giving me and there's nothing …is this happening to anyone ? could it be that the WTB is not updated?

    We all have the ability to be whomever we want to be in this life. It's just a matter of DETERMINATION, PERSISTENCE, PATIENCE and the WILL to follow through. Never give up!

    #438496
    Letsdothis
    Member

    @dutkas & lilla

    Thanks guys

    one more question,when I'm using the wiley test bank…the answer to the research question is different then the one I am getting …I try to search the answer WTB is giving me and there's nothing …is this happening to anyone ? could it be that the WTB is not updated?

    We all have the ability to be whomever we want to be in this life. It's just a matter of DETERMINATION, PERSISTENCE, PATIENCE and the WILL to follow through. Never give up!

    #438352
    Tncincy
    Participant

    Hi Aud Study group,

    Monday is my day to jump into the study group. I have so many things on the table, like getting my (3) children off to college, and preparing my last one at home to finish high school. I also have many reasons to delay, but no excuses. I'm jumping in. I know some of you have been studying a while so bear with me, some of my questions may be redundant but I know I will need your help so point me in the right direction.

    Good luck to those testing soon…….

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #438498
    Tncincy
    Participant

    Hi Aud Study group,

    Monday is my day to jump into the study group. I have so many things on the table, like getting my (3) children off to college, and preparing my last one at home to finish high school. I also have many reasons to delay, but no excuses. I'm jumping in. I know some of you have been studying a while so bear with me, some of my questions may be redundant but I know I will need your help so point me in the right direction.

    Good luck to those testing soon…….

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #438354
    Tncincy
    Participant

    Hi Aud Study group,

    Monday is my day to jump into the study group. I have so many things on the table, like getting my (3) children off to college, and preparing my last one at home to finish high school. I also have many reasons to delay, but no excuses. I'm jumping in. I know some of you have been studying a while so bear with me, some of my questions may be redundant but I know I will need your help so point me in the right direction.

    Good luck to those testing soon…….

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #438500
    Tncincy
    Participant

    Hi Aud Study group,

    Monday is my day to jump into the study group. I have so many things on the table, like getting my (3) children off to college, and preparing my last one at home to finish high school. I also have many reasons to delay, but no excuses. I'm jumping in. I know some of you have been studying a while so bear with me, some of my questions may be redundant but I know I will need your help so point me in the right direction.

    Good luck to those testing soon…….

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

    #438356
    Anonymous
    Inactive

    @Awesome Can you share the question and the answer they're giving you, if you still have it accessible? It's fully possible that WTB made an error, but also may be something that we can help figure out for you…

    @tncincy Welcome to the group! Seems like I'm bumping into you everywhere lol. Good luck with your studies. 🙂 I'm glad to be wrapping up AUD (well…presuming a pass, I'm wrapping it up 😛 )…but we'll all still be hanging around to answer questions. 🙂

    #438502
    Anonymous
    Inactive

    @Awesome Can you share the question and the answer they're giving you, if you still have it accessible? It's fully possible that WTB made an error, but also may be something that we can help figure out for you…

    @tncincy Welcome to the group! Seems like I'm bumping into you everywhere lol. Good luck with your studies. 🙂 I'm glad to be wrapping up AUD (well…presuming a pass, I'm wrapping it up 😛 )…but we'll all still be hanging around to answer questions. 🙂

    #438358
    Mia
    Participant

    @Awesome the wiley test bank is not updated for the changes from what I know. I didn't try doing the sims on the test bank this time around. I saved the PDF that they have when you follow the link on the side (which has updated sims). And then instead of using their literature, I use AICPA's. I see the right answers.

    Links:

    Wiley Test Bank Updated Sims – https://www.wileycpa.com/cpa_supports/is-the-test-bank-up-to-date-for-the-new-aud-clarity-standard/

    Professional Literature – https://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/HowToPrepare/Pages/literature.aspx

    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!

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