[jeff]

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

[Anonymous]

@Ancel

I know this is a bit late, but in regards to your Becker vs. Ninja difference question, the Becker answer choice has both understandability and classification, and valuation and accuracy listed as the correct answer choice.

The ninja question only had one of each answer choice listed. Because they are asking for what is “properly recorded,” the more correct answer is valuation & accuracy for the Ninja question.

[NYCaccountant]

@Gabe To answer your question, If the cost of putting together the sample is cheap than I can increase my risk of incorrect rejection, or in other words, I don't mind rejecting samples by mistake because the cost of designing them is relatively low, so if I make a mistake of rejecting them, I'll just pick a new sample. It's like going into designing the sample knowing you may reject a good sample, so I'll leave that risk of me doing that at a high level, but I'll be comfortable with this as long it's cheap to do it over.

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

[GQStatus]

@Gabe

After reading it like 5 times, I THINK I got it. If I'm wrong please correct me, but this is how my mind is working based on the answer choice being D.

Okay so the risk of incorrect rejection is a substantive risk in which you reject a balance as being free from material misstatement when in fact the balance is free from material misstatement. This leads to audit inefficiency. The cost and effort of selecting an additional sample being low relates to inefficiency because as an auditor you are not looking to expand much cost or effort when doing your substantive test. So because you're not doing as much work, you raise the risk of incorrect rejection, which leads to audit inefficiency, which ALSO raises detection risk.

Okay I might've confused myself with my own explantation lol. That's a good ass question! Where'd you get it from?

FAR - (Let's not talk about that score)
AUD - 77!
REG - 70, 70
BEC - 77!

[iddyrashy]

@Gabe the risk of incorrect rejection related to conduct more substantive test than the auditor suppose to do, the procedure become inefficiency, however the results is effective because the auditor do more work. The main issue here is cost benefit, does the auditor need to do more work which cost more money to achieve results. So, if the auditor access that the cost do more work and effort is low, then why not doing that so you can have effective results.

I hope it make sense.

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

TEXAS 2016

[Anonymous]

Gabe,

Increasing the risk of incorrect rejection increases the sample size. So if the cost and effort of selecting additional sample items is low, then go ahead, it goes to cost/benefit.

[Anonymous]

@Ancel….. but increasing the risk of incorrect acceptance (Beta Risk) DECREASES sample size. Correct?

[Anonymous]

@GQStatus, good explanation up to some point at least:))) Thank you! How was your exam?

@NYC..

what prometric center you are taking your exams at?

@katerina2665,

good luck!

[NYCaccountant]

@CPA_NY One penn plaza. You?

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

[Anonymous]

@NYC..

that is what I thought.

I take all my exams in Downtown Brooklyn b/c it much closer and trains are more predictable. I also heard that “one plaza” center is much more crowded. And it's harder to schedule your exam there since it's busier usually.

[Priscilla]

Let the testing window begin…

Good luck everyone!

Priscilla

AUD - Done
REG - Done
BEC - Done
FAR - August 2015

[NYCaccountant]

@CPA_NY I don't know about that. It was only packed when I took FAR. Well REG was a snowstorm and I was the only person in the room, I kid you not!! only one!! For BEC, there were two people in the room. It's been lonely, which I like because nobody is annoying me with noise, or banging on the keyboard (I hate).

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

[funtiks]

Penn plaza is my lucky center

so im taking it there…

arrive 1 hour early

FAR - 76*, 73, 85
BEC - 69, 72, 78*, 80
AUD - 72, 71, 90
REG - 71, 74, 85

AFTER 3 YEARS I'M DONE!!!

[NYCaccountant]

@funtiks When do you sit? I have every intention on never ever having to visit that place after my exam.

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

[Anonymous]

Downtown Brooklyn is my only center so it's my lucky/no luck center:)) It is usually too crowded in the mornings I was told. I wish It would me my last time visiting the center, unfortunately, since yesterday it's at least two times they gonna see me.

[funtiks]

15th

I took it at Bk center and got 3 FAR sims thus failed 🙁

Penn center never failed me

FAR - 76*, 73, 85
BEC - 69, 72, 78*, 80
AUD - 72, 71, 90
REG - 71, 74, 85

AFTER 3 YEARS I'M DONE!!!

[Author]

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