[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

[Anonymous]

@Jsingh23

After the audit report is released, the firm has 60 days to delete documents from the file. However you can still add to the file as long as you document it.

The PCAOB only allows deletions of documents from the file for up to 45 days after issuance of the audit report.

Hope it helps.

[barelystayingsane]

@Jsingh23, what ericnkem said… So after the documentation completion date, you can only add documentation, and you must also document that it was added after the completion date.

[barelystayingsane]

@Jsingh23, what ericnkem said… So after the documentation completion date, you can only add documentation, and you must also document that it was added after the completion date.

[christal77]

I took my first AUD exam back in july but failed.. i literally JUST picked it up again today and i only have a week and 2 days (I take it next wednesday) to study because I already signed up to take it like a month ago. (I've been out of the country and finishing up school. Bad excuses, I know..) I guess I can reschedule but do you think it's possible to study for only a week and pass..? i'm using becker self study and ninja notes btw. I did A1 and A2 lectures today and did ~60 MCQ for each sections. I was going to do A3 and A4 tomorrow and A5 and A6 on wednesday and spend the doing just all mcq for a week until before the exam.

[christal77]

I took my first AUD exam back in july but failed.. i literally JUST picked it up again today and i only have a week and 2 days (I take it next wednesday) to study because I already signed up to take it like a month ago. (I've been out of the country and finishing up school. Bad excuses, I know..) I guess I can reschedule but do you think it's possible to study for only a week and pass..? i'm using becker self study and ninja notes btw. I did A1 and A2 lectures today and did ~60 MCQ for each sections. I was going to do A3 and A4 tomorrow and A5 and A6 on wednesday and spend the doing just all mcq for a week until before the exam.

[Anonymous]

I have a few questions,

1) if your parents own a material direct financial interest in a client but you as the auditor is unaware of it, is independence still impaired?

2) decrease in the acceptable level of materiality -> find smaller misstatement, perform closer to year end, select more effective auditing procedures? (i am not sure why though)

3) are owners considered those charged with governance besides BOD and internal auditors?

[Anonymous]

I have a few questions,

1) if your parents own a material direct financial interest in a client but you as the auditor is unaware of it, is independence still impaired?

2) decrease in the acceptable level of materiality -> find smaller misstatement, perform closer to year end, select more effective auditing procedures? (i am not sure why though)

3) are owners considered those charged with governance besides BOD and internal auditors?

[Jsingh23]

Thanks guys…thats what i assumed…WTB just confused me.

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

[Jsingh23]

Thanks guys…thats what i assumed…WTB just confused me.

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

[barelystayingsane]

@avenger

1) Independence would still be impaired. If someone else knew about your parents' financial interest, you would not be independent in appearance.

2) If your acceptable materiality level decreases, your assessed risk of material misstatement increases, so your detection risk should decrease, which equates to performing tests at year end instead of interim and performing more effective procedures (tests of details instead of analytical procedures).

3) Owners are the shareholders. That wouldn't necessarily include directors or the internal auditor. Shareholders wouldn't necessarily be charged with governance.

[barelystayingsane]

@avenger

1) Independence would still be impaired. If someone else knew about your parents' financial interest, you would not be independent in appearance.

2) If your acceptable materiality level decreases, your assessed risk of material misstatement increases, so your detection risk should decrease, which equates to performing tests at year end instead of interim and performing more effective procedures (tests of details instead of analytical procedures).

3) Owners are the shareholders. That wouldn't necessarily include directors or the internal auditor. Shareholders wouldn't necessarily be charged with governance.

[Masry1989]

Hello guys ,

Please I'd appreciate your advice about my inquiry , I have been studying from Becker CPA for Auditing edition 2013 B , and I'm worried about questions to be tested from the old edition , as I read that it might be tested for example old SAS , so does anyone have advice regarding this points , Thx

[Masry1989]

Hello guys ,

Please I'd appreciate your advice about my inquiry , I have been studying from Becker CPA for Auditing edition 2013 B , and I'm worried about questions to be tested from the old edition , as I read that it might be tested for example old SAS , so does anyone have advice regarding this points , Thx

[barelystayingsane]

@ Masry1989 everything from the old edition that is testable can be found on Becker's updates page. I'm on my phone, so I can't easily copy and paste the website, but if you Google “Becker CPA updates,” you should find it. Also, if you're taking the exam on or after January 1, you don't need to worry about memorizing the old information.

[barelystayingsane]

@ Masry1989 everything from the old edition that is testable can be found on Becker's updates page. I'm on my phone, so I can't easily copy and paste the website, but if you Google “Becker CPA updates,” you should find it. Also, if you're taking the exam on or after January 1, you don't need to worry about memorizing the old information.

[Author]

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