[jeff]

AUD Resources:

Free AUD Notes & Audio – https://www.another71.com/cpa-exam-study-plan

AUD 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

AUD Score Release: https://www.another71.com/cpa-exam-scores-results-release

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

[barelystayingsane]

Becker is saying number 2 is correct.

[manimau]

Thanks!!

[manimau]

Thanks!!

[barelystayingsane]

@Jsingh23 Don't worry about being $1 off. So was I. I'm convinced that the sims technology on the actual exam is advanced enough that it accepts multiple answers for rounding error.

[barelystayingsane]

@Jsingh23 Don't worry about being $1 off. So was I. I'm convinced that the sims technology on the actual exam is advanced enough that it accepts multiple answers for rounding error.

[Jsingh23]

@3down1togo

Fixed Asset Register is part of the records where they record the values and dates of assets.

AUDIT-89
BEC-83
REG-78
FAR- April 19

[Jsingh23]

@3down1togo

Fixed Asset Register is part of the records where they record the values and dates of assets.

AUDIT-89
BEC-83
REG-78
FAR- April 19

[Jsingh23]

Thanks barelystayingsane….thats what i assumed also

AUDIT-89
BEC-83
REG-78
FAR- April 19

[Jsingh23]

Thanks barelystayingsane….thats what i assumed also

AUDIT-89
BEC-83
REG-78
FAR- April 19

[thehip41]

@jSi

Regarding the inventory completeness question, I don't think anyone has responded yet.

The reason C is wrong is because:

If you trace that way, all you are doing is verifying you have the inventory you actually have. It isn't testing for completeness.

Hypothetical. We get inventory in, and then we hide it. The way C is answered, you would never see it. Therefore, C doesn't really help you determine if it's complete.

With D, d. Performing cutoff procedures for shipping and receiving.

You are determining if all your inventory is accounted for, and you happen to use the cutoff method.

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[thehip41]

@jSi

Regarding the inventory completeness question, I don't think anyone has responded yet.

The reason C is wrong is because:

If you trace that way, all you are doing is verifying you have the inventory you actually have. It isn't testing for completeness.

Hypothetical. We get inventory in, and then we hide it. The way C is answered, you would never see it. Therefore, C doesn't really help you determine if it's complete.

With D, d. Performing cutoff procedures for shipping and receiving.

You are determining if all your inventory is accounted for, and you happen to use the cutoff method.

FAR - 83
AUD - 73 92
BEC - 83
REG - 88

Licensed CPA in the state of Michigan

[olazabal]

@ manimau-

“Harmonizing the time horizon from IAS 1 for the going concern assessment which is at least,

but not limited to twelve months from the end of the reporting period (the time horizon in AU

341 for this assessment was limited to one year)”

AUD-87 (12/5/13)

[olazabal]

@ manimau-

“Harmonizing the time horizon from IAS 1 for the going concern assessment which is at least,

but not limited to twelve months from the end of the reporting period (the time horizon in AU

341 for this assessment was limited to one year)”

AUD-87 (12/5/13)

[jess3]

i have a question on this. it's from becker

In which of the following should an auditor's report refer to the lack of consistency when there is a change in accounting principle that is significant?

a.The introductory paragraph.

b.The opinion paragraph.

c.An emphasis-of-matter paragraph following the opinion paragraph.

d.An emphasis-of-matter paragraph before the opinion paragraph.

the answer says it's C. I feel like it could be either c or d, depending on if the info is disclosed. Any thoughts?

[jess3]

i have a question on this. it's from becker

In which of the following should an auditor's report refer to the lack of consistency when there is a change in accounting principle that is significant?

a.The introductory paragraph.

b.The opinion paragraph.

c.An emphasis-of-matter paragraph following the opinion paragraph.

d.An emphasis-of-matter paragraph before the opinion paragraph.

the answer says it's C. I feel like it could be either c or d, depending on if the info is disclosed. Any thoughts?

[Author]

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