AUD Study Group October November 2013 - Page 37

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  • September 30, 2013 at 4:11 pm #478268
    Anonymous
    Inactive

    @Barely

    Becker really seemed to hammer this question, that's why it drove me nuts.

    Your right, it is no longer there. Thanks for the response.

    September 30, 2013 at 4:11 pm #478313
    Anonymous
    Inactive

    @Barely

    Becker really seemed to hammer this question, that's why it drove me nuts.

    Your right, it is no longer there. Thanks for the response.

    September 30, 2013 at 4:27 pm #478270
    CPAfit
    Participant

    just need some advice guys. I'm planning to do the exam by oct 19. I've finished reading the book and started with mcqs. So now should I be going back to the book again for review or just keep hammering the MCs and sims till my exam day?

    September 30, 2013 at 4:27 pm #478315
    CPAfit
    Participant

    just need some advice guys. I'm planning to do the exam by oct 19. I've finished reading the book and started with mcqs. So now should I be going back to the book again for review or just keep hammering the MCs and sims till my exam day?

    September 30, 2013 at 4:41 pm #478272
    CPAfit
    Participant

    also can you guys tell me if NINJA notes will be helpful for me at this phase i'm using NINJA Audio already

    September 30, 2013 at 4:41 pm #478317
    CPAfit
    Participant

    also can you guys tell me if NINJA notes will be helpful for me at this phase i'm using NINJA Audio already

    September 30, 2013 at 5:42 pm #478274
    titine
    Participant

    CPAMommyof3: Thank you!

    I have few more questions regarding Internal Control (IC). When auditors do financial statements audit for non-issuers and there are deficiencies in IC, is it correct that they don't express an opinion about IC in the audit report but instead mention them in IC communication? So when auditors do integrated audit, do they explicitly mention the effectiveness of IC in their audit report (whether it's separate or combined)?

    September 30, 2013 at 5:42 pm #478319
    titine
    Participant

    CPAMommyof3: Thank you!

    I have few more questions regarding Internal Control (IC). When auditors do financial statements audit for non-issuers and there are deficiencies in IC, is it correct that they don't express an opinion about IC in the audit report but instead mention them in IC communication? So when auditors do integrated audit, do they explicitly mention the effectiveness of IC in their audit report (whether it's separate or combined)?

    September 30, 2013 at 5:47 pm #478276
    barelystayingsane
    Member

    @titine The answer is yes to both of your questions.

    September 30, 2013 at 5:47 pm #478321
    barelystayingsane
    Member

    @titine The answer is yes to both of your questions.

    September 30, 2013 at 5:51 pm #478278
    titine
    Participant

    Thanks a bunch, barelystayingsane. I only have few days to my exam and suddenly got confused, Jesus!

    September 30, 2013 at 5:51 pm #478323
    titine
    Participant

    Thanks a bunch, barelystayingsane. I only have few days to my exam and suddenly got confused, Jesus!

    September 30, 2013 at 6:20 pm #478280
    LT-P
    Member

    so I'm revisiting A4 during my final review and there are just a few things about transaction cycles that really grind my gears.

    1. edited: my #1 made sense after I typed it out..

    2. the tests of controls can support completely different assertions depending on what you're doing (i.e. observing and reperforming procedures test completeness for matching shipping docs w/ sales orders but they also test valuation for independent checks — what?!)

    this sounds like foreign language. I'm not sure how one can keep all of this straight on exam day. does anyone have any tips/tricks for this very annoying topic?

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

    Ethics: TBD

    September 30, 2013 at 6:20 pm #478324
    LT-P
    Member

    so I'm revisiting A4 during my final review and there are just a few things about transaction cycles that really grind my gears.

    1. edited: my #1 made sense after I typed it out..

    2. the tests of controls can support completely different assertions depending on what you're doing (i.e. observing and reperforming procedures test completeness for matching shipping docs w/ sales orders but they also test valuation for independent checks — what?!)

    this sounds like foreign language. I'm not sure how one can keep all of this straight on exam day. does anyone have any tips/tricks for this very annoying topic?

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

    Ethics: TBD

    September 30, 2013 at 9:46 pm #478282
    TinyBear
    Member

    TEST WEEK!!! I have finished all the chapters and I am starting the final review process… a little behind schedule, but who's paying attention? I have today through Friday to work practice exams, do tons of practice MCQ's, and iron out my weak topics (haven't started working full time yet). I'm already much better off than I was last time – I had a weekend wedding, the wedding was on Sunday, my test was the following Thursday, and I hadn't even completed the chapters yet. I almost had a full on panic attack the day of the test!

    This time, I have more focus and more time to prepare. I will NOT have a nervous breakdown come Saturday, because I WILL feel prepared. I will get a good night's rest and have a solid breakfast. And then I will take auditing.

    I will then proceed to watch football all day completely guilt-free.

    Good luck to everyone preparing! I'm feeling PUMPED UP!

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

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

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