AUD Study Group Q1 2015 - Page 62

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  • February 11, 2015 at 12:06 am #650712
    Martin
    Participant

    superstani, let me start congratulating you now cause think you pass based on your ninja score. The only candidate with decent scores on ninja who were not successful were some of the students who took Reg.

    Through God all things can happen!

    “You never fail until you stop trying.”
    ― Albert Einstein
    When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
    “Just keep swimming, just keep swimming.”

    FAR= 72-84
    Audit= 73-82
    BEC= 74-75
    Reg=77

    February 11, 2015 at 3:30 am #650713
    rapk314
    Member

    Feeling unsure about this one, have it scheduled on 2/21. Averaging mid 70's on all my MC's with Becker. Listening to Ninja Audi at work as well.

    BEC 76 (11/2014)
    FAR 83 (01/2015)
    AUD 86 (02/2015)
    REG 86(04/2015)

    February 11, 2015 at 5:28 am #650714
    hudnetj
    Member

    just finished the 147 optional questions for A4 of Becker. I'm definitely having the most trouble in this chapter. took me about 4 hours.. 74% i guess i'll take it. Been scoring high on the other chapters so I'm going to buy Ninjas MC.. 11 days to go. ugh

    BEC - 76
    REG - 76
    FAR - 77
    AUD - 63, 89

    DONE!!

    CPA 3/15

    February 11, 2015 at 1:37 pm #650715
    superstani
    Member

    @ Martin thank you. hopefully I can post a passing score on ninja vs actual. When are you taking your exam and what are your stats on Ninja MCQ?

    FAR-79
    REG-79
    BEC-81
    AUD-82

    February 11, 2015 at 3:18 pm #650716
    jackaroe
    Participant

    WTB has a multiple question about an engagement to compile F/S. It states that a report must be issued. Isn't a compilation report only necessary if the F/S is ‘reasonably expected to be used'.

    February 11, 2015 at 3:43 pm #650717
    jackaroe
    Participant

    @martin – I was averaging a thirty-seven (37) in the wiley test bank and ended up with a 73 on my reg test (with simulations being my weak point). I'm only on my FOURTH audit attempt (hey now ruggerCPA). The only positive thing about failing this is that you have a good idea of what the MCQs are – having seen them so many times. For me, i have a hard time studying the example if I get it an MCQ right the second or third time. If you go through a lot of MCQs – you should be getting high scores – the second or third time after you know what the answer is – just by memory. JMO.

    February 11, 2015 at 3:48 pm #650718
    ruggercpa2b
    Participant

    jackaroe you just me cackle. I am hoping this is the last time I take audit. Hoping that the 4th time is the charm. The simulations really killed me as well. Every test I have taken I have had somewhat similar simulations with FAR related material. I can never know how to prepare for them since I have yet to study or take FAR. I am really hoping and praying that this go around the exam gods take pity on me and let me get my first pass.

    AUD - 73, 72 retake 7/2/2016
    BEC - 8/20/2016
    REG - TBD
    FAR - TBD

    I am so ready for this nightmare to be over. Been at this way too long.

    February 11, 2015 at 4:03 pm #650719
    jackaroe
    Participant

    @ruggercpa2b – Have you taken the sample exam from AICPA recently? Based on that, I still am not ready for the sims. I went through a review course of FAR. The last exam I didn't study as hard as my first two because I was lulled into the ‘i was so close by my '74' result. As you know, there are plenty of new FAR questions that can be provided. May the Simulation Gods spit out some non-FAR questions our way!

    February 11, 2015 at 6:08 pm #650720
    Martin
    Participant

    superstani, my average after 801 MC question on Ninja is 72.

    jackaroe, after 3 months of studying my average on Wiley is 85, and around 82 for Becker. The problem is that I cant get higher than a 72 on Ninja. I'm thinking that ninja covers some details that neither Roger or Wiley cared to teach, and this is why I'm getting such a low score. Ninja is a great tool,but some of its Audit questions are very tricky, so you never feel ready to take the exam. I'm taking it next week.

    Through God all things can happen!

    “You never fail until you stop trying.”
    ― Albert Einstein
    When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
    “Just keep swimming, just keep swimming.”

    FAR= 72-84
    Audit= 73-82
    BEC= 74-75
    Reg=77

    February 11, 2015 at 7:18 pm #650721
    jackaroe
    Participant

    @martin. You'll be fine – don't sweat too much about exam preparation scores. so easy to type. I sweat about the little stuff – like rereading ET 101 etc and missing ‘gimme' points. and worrying about the evil sims. You've already seen the types of MCQs you are going to see on the exam. I've seen some of the same MCQs on Wiley/Efficient that I have seen on Ninja's. This past year Wiley test bank has gotten easier but the book still has tougher questions. jmo. Good Luck!

    February 11, 2015 at 9:21 pm #650722
    superstani
    Member

    @martin Yes I agree Ninja has a bunch of SOX questions out of left field among other things you may not see but it covers independence very well. I think Ninja has tougher questions as well. I’ve done 2800 questions so I’ve seen some questions multiple times. For 2014 I also did about 800 questions and I think was around 70 average so I would worry too much about you’re average.

    FAR-79
    REG-79
    BEC-81
    AUD-82

    February 12, 2015 at 1:48 am #650723
    rachel525
    Member

    I am not a big fan of Government Auditing. Urgh.

    For GAGAS and OMB, you disclaim opinion on internal control over compliance and restricts use right?

    What else am I still missing for these two reports???

    February 12, 2015 at 2:22 am #650724
    Martin
    Participant

    I hope you guys are right. I hate scoring so low before an exam cause it kills my confidence,but I have read many people's experience getting a 70 average on Ninja questions and 80 on the read deal. Good luck everyone!

    Through God all things can happen!

    “You never fail until you stop trying.”
    ― Albert Einstein
    When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
    “Just keep swimming, just keep swimming.”

    FAR= 72-84
    Audit= 73-82
    BEC= 74-75
    Reg=77

    February 13, 2015 at 1:55 am #650725
    hudnetj
    Member

    Moore, CPA, has been asked to issue a review report on the balance sheet of Dover Co., a nonissuer. Moore will not be reporting on Dover's statements of income, retained earnings, and cash flows. Moore may issue the review report provided the:

    A. balance sheet is presented in a prescribed form of an industry trade association.

    Correct B. scope of the inquiry and analytical procedures has not been restricted.

    C. balance sheet is not to be used to obtain credit or distributed to creditors.

    D. specialized accounting principles and practices of Dover's industry are disclosed.

    What does it mean the scope and analytical procedures has not been restricted? Like restring the use of the report just to management etc. ?

    BEC - 76
    REG - 76
    FAR - 77
    AUD - 63, 89

    DONE!!

    CPA 3/15

    February 13, 2015 at 2:02 am #650726
    Anonymous
    Inactive

    @hudnetj – It means that the CPA is not limited in respect to statements of income, retained earnings, and cash flows information. Even though the CPA is only reviewing the balance sheet the other accounts can provide valuable information. An example might be using analytical procedures involving COGS (I/S) and comparing it with the inventory (B/S).

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