[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

[thechapman]

Mike Brown > Tim Gearty

Passed - 2014

[go2134]

Say it again, Chapman.

[cpain2015]

@gflurry…Good Luck on Saturday! Let me know how things go.. I just want to make sure that I am preparing the right way for this exam….most of my time is just spent on MCQ and nothing else

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

[Jspann225]

Tomorrow is the much anticipated day for me. I have identified my weaker areas and am continuing to work on them. I have brought my scores up relating to selecting appropriate procedures to consistently around and 80-82%. I really hope that this will be enough to pass, and if I don't it won't be because of a lack of hard work or dedication.

Good luck Saturday @gflurry.

FAR - 93 - 7/1/14
AUD - 94 - 7/25/14
REG - 92 - 8/30/14
BEC - 89 - 10/6/14

[nicole2035]

@go1234 thank you! i'll need to go back and re-read that section

[Anonymous]

how much is everyone focusing on specific statistical audit sampling things like the formula to calculate sample size, techniques like difference estimation, ratio estimation, mean per unit estimation? this entire section has more formulas than I care to remember and CPAexcel keeps emphasizing that they're rarely tested and perhaps even beyond the scope of the exam and to just get the concepts down and forget the calculations. not sure what to do.

probability-proportional-to-size has an entire section dedicated to it so I guess that one's a little more important…

[Jspann225]

Just finished my exam, and all I can do is laugh. My first testlet was extremely easy, but it was all down hill from there. My second testlet was much more wordy and the question were harder than the first. Now on my third testlet I was absolutely destroyed. The questions were really short, but the answer choices were much more wordy. I was really confused, because i felt like it should have been easy but I still couldn't isolate a definite answer. I was drilled on very minute details that I did not study during final review. The sims were hard and I guessed a lot, just trying to select the best answer I could. I did have one sim (besides the research questions) that was word-for-word from the AL so I am sure I got that one correct. Just hoping for a 75.

FAR - 93 - 7/1/14
AUD - 94 - 7/25/14
REG - 92 - 8/30/14
BEC - 89 - 10/6/14

[keochuoi]

Can somebody give me tips on how to do the research questions? I had no problem looking up the AL in FAR, but for some reasons, I'm having a hard time with AUD. I Use Becker. Even if I look at their answers and use their suggested keywords, I still cannot find the answer as given by Becker. For example, in AUD 4, there's a sim asking you to look up guidance on what is covered in the Letter of Audit Inquiry. I could never find AU-C 501.22.

What is your approach on this? Do you just look for title mostly (that's what worked for me with FAR)? Please help!!!!!!!

[mjp44]

@nicole…what section is that from? I dont recall reviewing that sort of stuff.

FAR- PASSED (11/13)
REG- PASSED (2/14)
BEC- PASSED (5/14)
AUD- PASSED (8/14)

If it's important to you, you will find a way. If it isn't, you will find an excuse.

[mjp44]

@nicole…what section is that from? I dont recall reviewing that sort of stuff.

FAR- PASSED (11/13)
REG- PASSED (2/14)
BEC- PASSED (5/14)
AUD- PASSED (8/14)

If it's important to you, you will find a way. If it isn't, you will find an excuse.

[mjp44]

Which of the following best describes a difference between a compilation of prospective financial statements and an examination of prospective financial statements?

A. An examination includes a statement of positive assurance whereas a compilation includes a statement of negative assurance.

B. A compilation does not contemplate the auditor providing any form of assurance whereas an examination does include assurance.

C. In an examination engagement, the practitioner should update his or her report for known changes occurring after the date of the report, whereas there is no similar requirement for a compilation engagement.

D. The compilation engagement is covered under SSARS while the examination engagement is covered under SSAE.

I am confused on why the answer can not also be D. And Becker's answer explanation confuses me more…

Choice “4” is incorrect. Reports on prospective financial statements are covered under SSAE. Compilations of the financial statements of a nonpublic entity are covered under SSARS.

Isnt that what D is saying????

FAR- PASSED (11/13)
REG- PASSED (2/14)
BEC- PASSED (5/14)
AUD- PASSED (8/14)

If it's important to you, you will find a way. If it isn't, you will find an excuse.

[Anonymous]

@mjp, a compilation can also be covered under SSAE (think financial forecasts and projections). I think B would be the best choice because compilations provide no assurance whereas examinations provide positive assurance.

[mjp44]

@cindy..thanks.. i re-read that chapter and now i understand the difference.

FAR- PASSED (11/13)
REG- PASSED (2/14)
BEC- PASSED (5/14)
AUD- PASSED (8/14)

If it's important to you, you will find a way. If it isn't, you will find an excuse.

[NumberCruncher4lyfe]

So I am planning to sit for the exam 4 weeks from now! Anybody want to offer me some advice on what i need to focus more on and what to focus less on. I am using the Wiley textbooks and i feel that there is alot of information in there to cover in 4 weeks so i want to condense it down a bit. Also if anybody can offer me there study plan/method that would be great.

[cpain2015]

I have been studying the NINJA MCQ all weekend…can anyone give me any advice on what I should do before the exam? Not sure if I will see questions similar to those of the NINJA MCQ….

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

[Author]

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