[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

[ItsStudyTime]

Well, I finished the first two sections in an hour and felt good. I finished the sims in an hour and felt great. What happened in the middle during that third MCQ section? It was AWFUL. I'm sure the questions would have been perfectly fine, but some woman was wear a chunky charm bracelet and was moving her wrist and charms across her desk every 5-30 seconds for an hour. I raised my hand and asked if the Prometric woman could have her remove the bracelet and was told that Prometric employees are not allowed to interrupt people while they are testing. The ear mufflers muffled nothing. I had trouble focusing enough to even read a question. When that woman left, I was so happy. As long as I didn't bomb that third MCQ section, I think I did well.

BEC - 10/01/2013 - 80 - Wiley books and test bank
AUD - 10/21/2013 - 78 - Wiley books and test bank
REG - 11/27/2013 - 78 - Wiley books and test bank
FAR - 01/13/2014 - 79 - Wiley books and test bank, Ninja Blitz

License Issued 03/17/2014

[Melans]

@MrsBing – we seem to be in almost the exact same spot. I will finish up chapter 6 tonight or in the morning. And then will work on MCQs and simulations till my eyes fall out!! Hope to be ready by Nov. 22!

AUD 7/30/12 73; 12/2/13 85
BEC 7/19/13 81
REG 8/2/14 83
FAR - Jan 2015

[Melans]

@MrsBing – we seem to be in almost the exact same spot. I will finish up chapter 6 tonight or in the morning. And then will work on MCQs and simulations till my eyes fall out!! Hope to be ready by Nov. 22!

AUD 7/30/12 73; 12/2/13 85
BEC 7/19/13 81
REG 8/2/14 83
FAR - Jan 2015

[Anonymous]

Ok I have a question: does anyone else start getting worse and worse scores on WTB the more rounds of MCQ that they do?? I feel like as I grasp the material more firmly in my independent study and review/re-writing of my notes, somehow my scores get worse…which is rather discouraging and not motivating…it's probably all just luck and in my head but need some encouragement that I won't have the same luck come exam day. 😛

[Anonymous]

Ok I have a question: does anyone else start getting worse and worse scores on WTB the more rounds of MCQ that they do?? I feel like as I grasp the material more firmly in my independent study and review/re-writing of my notes, somehow my scores get worse…which is rather discouraging and not motivating…it's probably all just luck and in my head but need some encouragement that I won't have the same luck come exam day. 😛

[MrsBing]

Can someone explain the explainations for a and b? They seem the same and the positive/negative assurance is confusing. Is it saying that both Positive and Negative assurance can be given on special reports? If so, what's the difference between positive and negative assurance?

Which of the following is true about the assurance provided by special reports?

a. All special reports result in negative assurance.

b. A positive opinion may be rendered in some types of special reports.

c. All special reports result in positive assurance.

d. A list of procedures and findings (but no assurance) is provided in some special reports.

Explanation

Choice “b” is correct. Positive assurance is provided in OCBOA reports, reports on specified elements, accounts, or items, and reports on special-purpose financial presentations to comply with contractual agreements or regulatory provisions. Where applicable, the emphasis-of-matter paragraph in the report indicates that the financial statements (elements, accounts, items) were prepared in accordance with the applicable special purpose framework (positive assurance).

Choice “a” is incorrect. Positive assurance is provided in OCBOA reports, reports on specified elements, accounts, or items, and reports on special-purpose financial presentations to comply with contractual agreements or regulatory provisions.

Choice “c” is incorrect. Negative assurance is provided in reports on compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements.

Choice “d” is incorrect. Procedures and findings are listed in reports related to agreed-upon procedures engagements, not in special reports.

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

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

Licensed Arizona CPA

[MrsBing]

Can someone explain the explainations for a and b? They seem the same and the positive/negative assurance is confusing. Is it saying that both Positive and Negative assurance can be given on special reports? If so, what's the difference between positive and negative assurance?

Which of the following is true about the assurance provided by special reports?

a. All special reports result in negative assurance.

b. A positive opinion may be rendered in some types of special reports.

c. All special reports result in positive assurance.

d. A list of procedures and findings (but no assurance) is provided in some special reports.

Explanation

Choice “b” is correct. Positive assurance is provided in OCBOA reports, reports on specified elements, accounts, or items, and reports on special-purpose financial presentations to comply with contractual agreements or regulatory provisions. Where applicable, the emphasis-of-matter paragraph in the report indicates that the financial statements (elements, accounts, items) were prepared in accordance with the applicable special purpose framework (positive assurance).

Choice “a” is incorrect. Positive assurance is provided in OCBOA reports, reports on specified elements, accounts, or items, and reports on special-purpose financial presentations to comply with contractual agreements or regulatory provisions.

Choice “c” is incorrect. Negative assurance is provided in reports on compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements.

Choice “d” is incorrect. Procedures and findings are listed in reports related to agreed-upon procedures engagements, not in special reports.

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

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

Licensed Arizona CPA

[MrsBing]

@Melans, good luck. I wish I could push my exam to a week later, I would feel so much better if I could. Unfortuately my NTS expires on Nov 7th. I should be done re-reviewing all of the chapters by Saturday or Sunday, then that'll leave me about 10 days to work on Wiley questions and get both Becker final exams done.

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

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

Licensed Arizona CPA

[MrsBing]

@Melans, good luck. I wish I could push my exam to a week later, I would feel so much better if I could. Unfortuately my NTS expires on Nov 7th. I should be done re-reviewing all of the chapters by Saturday or Sunday, then that'll leave me about 10 days to work on Wiley questions and get both Becker final exams done.

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

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

Licensed Arizona CPA

[barelystayingsane]

@MrsBing yes, it is saying that you can provide both positive and negative assurance on special reports. Positive assurance is like an audit or examination. Negative assurance (also known as limited assurance) is like a review. It's a lesser amount of assurance and is usually worded like “Nothing came to our attention…” or “We are not aware…”

[barelystayingsane]

@MrsBing yes, it is saying that you can provide both positive and negative assurance on special reports. Positive assurance is like an audit or examination. Negative assurance (also known as limited assurance) is like a review. It's a lesser amount of assurance and is usually worded like “Nothing came to our attention…” or “We are not aware…”

[MrsBing]

Please ignore my question above, I was reading the wrong answers.

But, can someone still explain the difference between positive and negative assurance?

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

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

Licensed Arizona CPA

[MrsBing]

Please ignore my question above, I was reading the wrong answers.

But, can someone still explain the difference between positive and negative assurance?

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

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

Licensed Arizona CPA

[MrsBing]

I wish there was an edit button. Regarding assurance on special reports, can someone explain this difference in these 2 explanations?

Choice “b” is correct. Positive assurance is provided in OCBOA reports, reports on specified elements, accounts, or items, and reports on special-purpose financial presentations to comply with contractual agreements or regulatory provisions. Where applicable, the emphasis-of-matter paragraph in the report indicates that the financial statements (elements, accounts, items) were prepared in accordance with the applicable special purpose framework (positive assurance).

Choice “c” is incorrect. Negative assurance is provided in reports on compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements.

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

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

Licensed Arizona CPA

[MrsBing]

I wish there was an edit button. Regarding assurance on special reports, can someone explain this difference in these 2 explanations?

Choice “b” is correct. Positive assurance is provided in OCBOA reports, reports on specified elements, accounts, or items, and reports on special-purpose financial presentations to comply with contractual agreements or regulatory provisions. Where applicable, the emphasis-of-matter paragraph in the report indicates that the financial statements (elements, accounts, items) were prepared in accordance with the applicable special purpose framework (positive assurance).

Choice “c” is incorrect. Negative assurance is provided in reports on compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements.

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

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

Licensed Arizona CPA

[Author]

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