AUD Study Group October November 2013 - Page 12

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  • #477944
    ItsStudyTime
    Member

    Solodolo – I'm taking BEC and AUD both this testing period. I've scheduled BEC for October 1 and AUD for October 21. If you put in some focused study time, you can definitely do it.

    BEC - 10/01/2013 - 80 - Wiley books and test bank
    AUD - 10/21/2013 - 78 - Wiley books and test bank
    REG - 11/27/2013 - 78 - Wiley books and test bank
    FAR - 01/13/2014 - 79 - Wiley books and test bank, Ninja Blitz

    License Issued 03/17/2014

    #477897
    Anonymous
    Inactive

    @MrsBing and @CPAtaxed – you can issue the piecemeal opinions, but only on the balance sheet. It is a new client, so they obviously didn't get the audit started in time to observe inventory, hence the disclaimer on inventory. The question also doesn't say whether the new client is an issuer or nonissuer. AU-C does not apply to nonissuers. And the questions will not say whether it is using the clarity or nonclarity AU. You will always use AU-C from July 1 forward for issuers.

    The clarity standards really aren't that hard. Very little even changed with the clarity standards. The clarity standards simply condensed the nonclarity standards and got rid of duplication. All of the previous GAAS standards apply for nonissuers, so the only thing you really have to pay attention to, is whether the questions states issuers or nonissuers.

    #477946
    Anonymous
    Inactive

    @MrsBing and @CPAtaxed – you can issue the piecemeal opinions, but only on the balance sheet. It is a new client, so they obviously didn't get the audit started in time to observe inventory, hence the disclaimer on inventory. The question also doesn't say whether the new client is an issuer or nonissuer. AU-C does not apply to nonissuers. And the questions will not say whether it is using the clarity or nonclarity AU. You will always use AU-C from July 1 forward for issuers.

    The clarity standards really aren't that hard. Very little even changed with the clarity standards. The clarity standards simply condensed the nonclarity standards and got rid of duplication. All of the previous GAAS standards apply for nonissuers, so the only thing you really have to pay attention to, is whether the questions states issuers or nonissuers.

    #477899
    lvr21
    Member

    @solo

    I am taking Audit on October 10th & BEC on Nov 26th.. .. Knock two out in one window!! Let's do this!!!!

    @avenger what excatly do you mean duties?

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477948
    lvr21
    Member

    @solo

    I am taking Audit on October 10th & BEC on Nov 26th.. .. Knock two out in one window!! Let's do this!!!!

    @avenger what excatly do you mean duties?

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477901
    10keyLeah
    Member

    @CPAMommy – I’m doing a 5 week re-study. I started by re-watching all of the videos and doing the Wiley book MCQ’s. I have 3 weeks left so I just now started doing MCQ’s like crazy. I’m going to do the Wiley appendix problems, AICPA released q’s, and use ninja notes, flashcards, and audio.

    I think what has hurt me with AUD is that I haven’t had a job yet so I’ve not really seen business in action. I’m hoping I can raise my previous score of 69 by 6 points. AUD is pretty dry and I'd hate to have to do a 2nd restudy.

    @tessablkwd – Yes, Wiley TB includes SIMS. I went through them, but they were nothing like the real sims.

    Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

    #477949
    10keyLeah
    Member

    @CPAMommy – I’m doing a 5 week re-study. I started by re-watching all of the videos and doing the Wiley book MCQ’s. I have 3 weeks left so I just now started doing MCQ’s like crazy. I’m going to do the Wiley appendix problems, AICPA released q’s, and use ninja notes, flashcards, and audio.

    I think what has hurt me with AUD is that I haven’t had a job yet so I’ve not really seen business in action. I’m hoping I can raise my previous score of 69 by 6 points. AUD is pretty dry and I'd hate to have to do a 2nd restudy.

    @tessablkwd – Yes, Wiley TB includes SIMS. I went through them, but they were nothing like the real sims.

    Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

    #477903
    lvr21
    Member

    @10 key.. Where are you on your CPA journey? (I hate not having signatures :(! )

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477951
    lvr21
    Member

    @10 key.. Where are you on your CPA journey? (I hate not having signatures :(! )

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477905
    MrsBing
    Member

    I've already taken 2 parts of the exam using Becker and never noticed the Outlines section they have next to the ebook on their website. The outlines just briefly describes each section in the chapter which is a great addition to add to your notes. Just want to point this out incase anyone else missed this.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

    #477953
    MrsBing
    Member

    I've already taken 2 parts of the exam using Becker and never noticed the Outlines section they have next to the ebook on their website. The outlines just briefly describes each section in the chapter which is a great addition to add to your notes. Just want to point this out incase anyone else missed this.

    Becker, Wiley Test Bank, and Ninja 10 Point Combo!

    FAR: 89
    REG: 87
    AUD: 92
    BEC: 75
    Ethics: 90

    Licensed Arizona CPA

    #477907
    10keyLeah
    Member

    @lvr21 – I've passed FAR and BEC. I failed AUD once. Sitting for second try at AUD on Oct 5.

    Can someone clarify this?

    Wiley TB seems to suggest that PCAOB conducts inspections of firms, and that this replaced peer reviews. Does this mean nonpublic firms that do audits have to have a peer review, and public firms do not have to have peer review, instead they are reviewed by PCAOB?

    Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

    #477955
    10keyLeah
    Member

    @lvr21 – I've passed FAR and BEC. I failed AUD once. Sitting for second try at AUD on Oct 5.

    Can someone clarify this?

    Wiley TB seems to suggest that PCAOB conducts inspections of firms, and that this replaced peer reviews. Does this mean nonpublic firms that do audits have to have a peer review, and public firms do not have to have peer review, instead they are reviewed by PCAOB?

    Ninja Combo, Yaeger, Wiley -- Licensed CPA, May 2015

    #477908
    ohheyCPA
    Member

    @mrsbing I just noticed that as well! They look extremely helpful. I think Becker did a software upgrade today. They have also added 30-40 MCQs per exam section.

    REG - 7/20/13 --> 90
    BEC - 8/30/13 --> 85
    AUD - 10/6/13 --> 93
    FAR- 12/5/13

    #477957
    ohheyCPA
    Member

    @mrsbing I just noticed that as well! They look extremely helpful. I think Becker did a software upgrade today. They have also added 30-40 MCQs per exam section.

    REG - 7/20/13 --> 90
    BEC - 8/30/13 --> 85
    AUD - 10/6/13 --> 93
    FAR- 12/5/13

Viewing 15 replies - 166 through 180 (of 1,096 total)
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