[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[iddyrashy]

@Qlad are you using Ninja MCQ or WTB? I am using both, on Ninja which I have been focus since Monday i am between 80%-90% with average of 84%.

I haven't get a perfect score even once.

I believe you will be fine.

AUD 89 (07/06/14)
REG 83 (08/27/2015)
FAR 78 (04/27/2015)
BEC 75 (11/13/2015)

TEXAS 2016

[Qlad]

I'm using becker and WTB …thought of buying ninja…but I won't be able to make use of so much stuff so thought 2 is enough if I can do well on them…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Anonymous]

Are Emphasis and Other Matter paragraphs only included for unmodified opinions?

[iddyrashy]

@cindywindy good questions. To my opinion yes, however i came across the question asking if you issue an modified opinion and the company is also in going concern will you include emphasis of the matter paragraph.

AUD 89 (07/06/14)
REG 83 (08/27/2015)
FAR 78 (04/27/2015)
BEC 75 (11/13/2015)

TEXAS 2016

[NYCaccountant]

No, you can issue an emphasis of matter, other matter paragraph with a qualified opinion.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Hm…I just did an online search and someone said that adding an EOM is basically saying that the opinion is would be qualified, but since the matter is properly disclosed, the opinion is unmodified and the EOM is added to draw attention to the matter. Does that sound right?

[Anonymous]

Oops, just read your reply NYC. Thanks for the clarification!

[NYCaccountant]

EOM has nothing to do with the opinion. EOM is just emphasizing something that has already been disclosed. You can qualify the report based on a limitation, or departure from GAAP, but include a EOM emphasizing a going concern issue, or uncertainty, ect. There can be an issue that creates a qualified report, and then other issues that are disclosed, which need to be emphasized as well.

EOM does not qualify the opinion. If something is not disclosed properly according to GAAP, this would qualify the opinion, depending on how material it is.

I feel like Audit is starting to make some sense to me. Going to finish up reviewing chapter 3 tonight and then start chapter 4.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[Anonymous]

Gotcha! Thanks for the example. I'm so glad y'all know your stuff. I feel like my review materials don't go into enough detail sometimes.

[cpain2015]

@NYCaccountant…what do you mean by BEC is WTF and REG is petty..do you mean they are much easier exams?

FAR - 73, 75 PASSED
AUD - 74, 96
BEC - 79
REG - 89! Done. I'm a CPA!!

[NYCaccountant]

BEC was the toughest exam for me so FAR. I walked out feeling like I got a 50 because the questions are extremely random. I'm talking CFA questions, stuff not discussed in your review. It was just a bad experience, so I call it the WTF because I was totally lost during the exam. And not because I did not study, the questions are really out of blue and the IT section is mind numbing. REG is petty because a word can have your entire SIM incorrect. If you have experience with the United States tax code, you know it's very detailed and the rules just don't make much sense. Hence – the petty exam.

None of the exams are *much* easier. They are all hard, just some a little harder than others. I know people would say BEC is easy, but that's lie. It's just the smallest amount of material, not necessarily easy.

FAR - 93
REG - 87
BEC - 84!!!!
AUD - 99!!!!!! CPA exam complete.

[linkman311]

Are the old AICPA released questions (aka going back a few years) still relevant and helpful in studying? I know last year the the methodology and opinion types changed a lot so would it be counterproductive to go back more than a year in AICPA release questions?

Confidence is a prerequisite for success

FAR - 1/1
AUD - 1/1
BEC - 1/1
REG - Q4

Have Becker, wish I got Roger

[iddyrashy]

I find the question below very interesting.

When an auditor submits a document that contains information in addition to audited financial statements to a client or to others, his responsibility:

A.is limited to the audited financial statements.

B.includes applying audit procedures to the additional information.

C.includes reporting on all the information included in the document.

D.precludes referring to the additional information in the opinion.

AUD 89 (07/06/14)
REG 83 (08/27/2015)
FAR 78 (04/27/2015)
BEC 75 (11/13/2015)

TEXAS 2016

[Anonymous]

Is the answer A?

[Anonymous]

Sorry, actually I think it's D!

[Author]

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