[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

[LT-P]

@barelystayingsane thanks so much! the big chart at the end makes much more sense now. Not sure why they'd try to trick us like that!

And thank you Gearty, for wasting hours of my study time..

- passed all 4 exams on my first try using Becker!

Ethics: TBD

[mo_duban]

Thanks barlystayingsane that helps. I just saw a question in Becker on this . I know now why I got it wrong because I was convinced Becker was wrong.. 🙂

BEC - 69 (Feb)13 -7/20 85
AUD - Dec-13 ( Failed), Feb-14
FAR- TBD
REG - TBD

[mo_duban]

Thanks barlystayingsane that helps. I just saw a question in Becker on this . I know now why I got it wrong because I was convinced Becker was wrong.. 🙂

BEC - 69 (Feb)13 -7/20 85
AUD - Dec-13 ( Failed), Feb-14
FAR- TBD
REG - TBD

[mo_duban]

Could someone please explain this question. I am just not getting it

Which of the following is not true regarding an engagement to provide a written report on the application of the requirements of an applicable financial reporting framework?

a.

A reporting accountant is prohibited from providing a report on the application of the requirements of an applicable financial reporting framework to a proposed future transaction involving the facts and circumstances of a specific entity.

b.

A reporting accountant is prohibited from providing a report on the application of the requirements of an applicable financial reporting framework to a transaction not involving the facts and circumstances of a specific entity.

c.

The reporting accountant's written report on the application of the requirements of the application of the applicable financial reporting framework should include a paragraph restricting the use of the report.

d.

The reporting accountant's written report on the application of the requirements of an applicable financial reporting framework should include an identification of the specific entity involved.

BEC - 69 (Feb)13 -7/20 85
AUD - Dec-13 ( Failed), Feb-14
FAR- TBD
REG - TBD

[mo_duban]

Could someone please explain this question. I am just not getting it

Which of the following is not true regarding an engagement to provide a written report on the application of the requirements of an applicable financial reporting framework?

a.

A reporting accountant is prohibited from providing a report on the application of the requirements of an applicable financial reporting framework to a proposed future transaction involving the facts and circumstances of a specific entity.

b.

A reporting accountant is prohibited from providing a report on the application of the requirements of an applicable financial reporting framework to a transaction not involving the facts and circumstances of a specific entity.

c.

The reporting accountant's written report on the application of the requirements of the application of the applicable financial reporting framework should include a paragraph restricting the use of the report.

d.

The reporting accountant's written report on the application of the requirements of an applicable financial reporting framework should include an identification of the specific entity involved.

BEC - 69 (Feb)13 -7/20 85
AUD - Dec-13 ( Failed), Feb-14
FAR- TBD
REG - TBD

[barelystayingsane]

Hi mo_duban! Is the correct answer a.? I hope so, because I'm going to explain it as if a. is the correct answer. 🙂

I view a report on the application of the requirements of an applicable financial reporting framework much like an advising or consulting service that an accountant offers. An accountant can offer advice on how to apply a reporting framework (such as GAAP) if the company is actually seriously considering on doing something (i.e., there are actual specific facts and circumstances). However, the accountant cannot offer advice on something purely hypothetical (i.e., something that the client pulls out of his you-know-what). Since the accountant is allowed to offer advice on specific facts and circumstances, a. is incorrect. He is not prohibited from doing that.

b. is incorrect (i.e., b is true) for the exact reason I just listed…as long as it involves actual circumstances and facts, it's A-okay.

c. is incorrect (i.e., c is a true statement), because you always restrict use on these types of reports. Remember, think of it like an advising/consulting activity. Why would a third party need to know about this? They wouldn't.

Finally, d. is incorrect (i.e., d is true), because in basically any report you issue, you should identify the entity involved.

Hope this helps!

[barelystayingsane]

Hi mo_duban! Is the correct answer a.? I hope so, because I'm going to explain it as if a. is the correct answer. 🙂

I view a report on the application of the requirements of an applicable financial reporting framework much like an advising or consulting service that an accountant offers. An accountant can offer advice on how to apply a reporting framework (such as GAAP) if the company is actually seriously considering on doing something (i.e., there are actual specific facts and circumstances). However, the accountant cannot offer advice on something purely hypothetical (i.e., something that the client pulls out of his you-know-what). Since the accountant is allowed to offer advice on specific facts and circumstances, a. is incorrect. He is not prohibited from doing that.

b. is incorrect (i.e., b is true) for the exact reason I just listed…as long as it involves actual circumstances and facts, it's A-okay.

c. is incorrect (i.e., c is a true statement), because you always restrict use on these types of reports. Remember, think of it like an advising/consulting activity. Why would a third party need to know about this? They wouldn't.

Finally, d. is incorrect (i.e., d is true), because in basically any report you issue, you should identify the entity involved.

Hope this helps!

[jess3]

I have signed up to take my aud exam for the second time on oct 9. I'm not sure if I should push it back or just take it. I've only done ~50 MCQ on each section, some WTB MCQ, and read ninja notes/audio. I usually go into the progress testing mode and take 30-50 MCQ per section. Would studying about 5 hrs/day and doing more MCQ be sufficient until the exam or should I just push it back?

[jess3]

I have signed up to take my aud exam for the second time on oct 9. I'm not sure if I should push it back or just take it. I've only done ~50 MCQ on each section, some WTB MCQ, and read ninja notes/audio. I usually go into the progress testing mode and take 30-50 MCQ per section. Would studying about 5 hrs/day and doing more MCQ be sufficient until the exam or should I just push it back?

[CPAexamstookforever]

barelystayingsane

omg, i just realized that all of your scores are soooo high,can you please let us know how you study for the exam?

thanks a lot

REG 83
AUD 83
BEC 78
FAR 76 I'm done!!!!!!!!!!!!

ETHICS 91

MD licensed CPA September, 2014

[CPAexamstookforever]

barelystayingsane

omg, i just realized that all of your scores are soooo high,can you please let us know how you study for the exam?

thanks a lot

REG 83
AUD 83
BEC 78
FAR 76 I'm done!!!!!!!!!!!!

ETHICS 91

MD licensed CPA September, 2014

[barelystayingsane]

Hi Geee! Here's what my plan has been for most of my exams using Becker (I've recently started supplementing with Ninja Notes for AUD). Also, keep in mind that I haven't started working full-time yet, so I have lots of time to devote to this plan.

I do each Becker module in 3 days. Day 1 covers the first half of the module. Day 2 covers the second half of the module. During these two days, I read each section, watch the lecture for that section, go back and memorize the section, then do the MCQs taking notes on anything I get wrong. Then I move on to the next section. On the third day of the module, I go back and memorize the whole module again. Then I do the Optional Practice Questions and the sims that Becker has for each module.

After doing this cycle for three modules, I go back and review the three modules for three days, covering a module a day and doing 50 MCQs related to that module as practice.

Then I repeat the three-day cycle for A4 through A6, followed by a three-day review of A4 through A6.

Then I start back at the beginning and spend a day memorizing each module again, except this time I take handwritten notes on the stuff I feel I won't be able to remember. Again I do 50 MCQs on each of these days.

Then I go back and review the book once more over a six day period.

The next day I take both of the Becker final exams.

Finally the next day is the day before my exam, and I spend it going over my handwritten notes and doing the MCQs found at the end of each module in the Becker book as a quick practice.

So if I've calculated correctly, it's a 38-day review period.

[barelystayingsane]

Hi Geee! Here's what my plan has been for most of my exams using Becker (I've recently started supplementing with Ninja Notes for AUD). Also, keep in mind that I haven't started working full-time yet, so I have lots of time to devote to this plan.

I do each Becker module in 3 days. Day 1 covers the first half of the module. Day 2 covers the second half of the module. During these two days, I read each section, watch the lecture for that section, go back and memorize the section, then do the MCQs taking notes on anything I get wrong. Then I move on to the next section. On the third day of the module, I go back and memorize the whole module again. Then I do the Optional Practice Questions and the sims that Becker has for each module.

After doing this cycle for three modules, I go back and review the three modules for three days, covering a module a day and doing 50 MCQs related to that module as practice.

Then I repeat the three-day cycle for A4 through A6, followed by a three-day review of A4 through A6.

Then I start back at the beginning and spend a day memorizing each module again, except this time I take handwritten notes on the stuff I feel I won't be able to remember. Again I do 50 MCQs on each of these days.

Then I go back and review the book once more over a six day period.

The next day I take both of the Becker final exams.

Finally the next day is the day before my exam, and I spend it going over my handwritten notes and doing the MCQs found at the end of each module in the Becker book as a quick practice.

So if I've calculated correctly, it's a 38-day review period.

[lvr21]

How is everyone???? My daughter and I got sick.. I have been studying but I feel behind … I can't believe the first group of us have our test in just a couple short weeks!!

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

[lvr21]

How is everyone???? My daughter and I got sick.. I have been studying but I feel behind … I can't believe the first group of us have our test in just a couple short weeks!!

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

[Author]

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