AUD Study Group October November 2013 - Page 31

Viewing 15 replies - 451 through 465 (of 1,096 total)
  • Author
    Replies
  • #478171
    LT-P
    Member

    I just gave someone advice on this topic here: https://www.another71.com/cpa-exam-forum/topic/feeling-really-discouraged-about-aud

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

    Ethics: TBD

    #478225
    LT-P
    Member

    I just gave someone advice on this topic here: https://www.another71.com/cpa-exam-forum/topic/feeling-really-discouraged-about-aud

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

    Ethics: TBD

    #478173
    TinyBear
    Member

    Thanks @3Down1ToGo

    FAR - 79
    AUD - 73, 85
    REG - 88
    BEC - 80

    Becker Self Study, Becker Flashcards, and Some Wiley TB
    TX Candidate

    #478227
    TinyBear
    Member

    Thanks @3Down1ToGo

    FAR - 79
    AUD - 73, 85
    REG - 88
    BEC - 80

    Becker Self Study, Becker Flashcards, and Some Wiley TB
    TX Candidate

    #478175
    MrsBing
    Member

    Studying for Audit has been so boring. I can barely get through 5 questions w/o wanting to fall asleep and there's so many questions. Does anyone skips questions or do every other question when doing the homework?

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

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

    Licensed Arizona CPA

    #478229
    MrsBing
    Member

    Studying for Audit has been so boring. I can barely get through 5 questions w/o wanting to fall asleep and there's so many questions. Does anyone skips questions or do every other question when doing the homework?

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

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

    Licensed Arizona CPA

    #478178
    MrsBing
    Member

    I keep hearing about how bad A4 is. Is it as bad as F2?

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

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

    Licensed Arizona CPA

    #478231
    MrsBing
    Member

    I keep hearing about how bad A4 is. Is it as bad as F2?

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

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

    Licensed Arizona CPA

    #478184
    titine
    Participant

    MrsBing: It's worse, at least to me.

    #478233
    titine
    Participant

    MrsBing: It's worse, at least to me.

    #478186
    LT-P
    Member

    @MrsBing F2 made me quit FAR for a few months. I'd take A4 any day.

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

    Ethics: TBD

    #478235
    LT-P
    Member

    @MrsBing F2 made me quit FAR for a few months. I'd take A4 any day.

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

    Ethics: TBD

    #478188
    LT-P
    Member

    Can someone please help?

    I know the answer is C but how is A true? Reviews provide limited assurance, not negative. Are “limited” and “negative” used synonymously?

    Which of the following is NOT true about an auditor's report on a review of interim financial information of a publicly held company?

    a. It is different from an audit report in that the audit report provides positive assurance whereas the review report provides negative assurance.

    b. It is different from a review report under SSARS in that the reference to professional standards is included in the scope paragraph.

    c. It is similar to an audit report in that both provide an opinion regarding whether the financial statements are in conformity with generally accepted accounting principles.

    d. It is similar to a review report under SSARS in that both make reference to the performance of inquiry and analytical procedures.

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

    Ethics: TBD

    #478237
    LT-P
    Member

    Can someone please help?

    I know the answer is C but how is A true? Reviews provide limited assurance, not negative. Are “limited” and “negative” used synonymously?

    Which of the following is NOT true about an auditor's report on a review of interim financial information of a publicly held company?

    a. It is different from an audit report in that the audit report provides positive assurance whereas the review report provides negative assurance.

    b. It is different from a review report under SSARS in that the reference to professional standards is included in the scope paragraph.

    c. It is similar to an audit report in that both provide an opinion regarding whether the financial statements are in conformity with generally accepted accounting principles.

    d. It is similar to a review report under SSARS in that both make reference to the performance of inquiry and analytical procedures.

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

    Ethics: TBD

    #478190
    titine
    Participant

    3Down1ToGo: Are you using Becker? In A2, Compilation & Review of Financial Statements, it states:

    “A CPA may express limited (negative) assurance on financial statements that have not been audited. The objective of a review engagement is to express limited assurance that there are no material modifications that should be made to the financial statements in order for the statements to be in conformity with the applicable financial reporting framework. A review is based on inquiry and analytical procedures performed by the CPA. A review is both an assurance engagement and an attest engagement.”

Viewing 15 replies - 451 through 465 (of 1,096 total)
  • The topic ‘AUD Study Group October November 2013 - Page 31’ is closed to new replies.