AUD Study Group Q1 2015 - Page 68

Viewing 15 replies - 1,006 through 1,020 (of 1,162 total)
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  • #650802
    hudnetj
    Member

    how are yall doin with the trending? still have 400 questions left i havent seen, 79% average.. trending 82%.. 🙁

    just took becker's first practice exam, got an 83 on the MC

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

    DONE!!

    CPA 3/15

    #650803
    Anonymous
    Inactive

    Nothing but MCQ's for me. I haven't taken a Becker final for AUD yet and I have never taken one in the past for any other section. I have a hard enough time focusing for 4 hours during the actual exam. That said, I am considering taking one of the Becker finals on Saturday. We shall see. For Ninja, my average is 86% and my trending is 90.17%. I'm doing nothing but 30 question sets of Ninja MCQ's right now.

    #650804
    Anonymous
    Inactive

    @hudnetj, those are solid scores and an 83 on the becker final is great. From what I hear those things are brutal.

    #650805
    hudnetj
    Member

    thanks, I take the exam on Sunday (weather permitting)… just kinda freaking out since its my last exam

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

    DONE!!

    CPA 3/15

    #650806
    hudnetj
    Member

    but yeah same, been doing sets of 30 like its my job

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

    DONE!!

    CPA 3/15

    #650807
    Martin
    Participant

    CTM, you can always take becker's final on sets of 15 mc, and then review them. Your ninja average score is great, you will pass this exam.

    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

    #650808
    Anonymous
    Inactive

    @hudnetj, it wouldn't be natural if you weren't freaking out some. Good luck!

    @ Real Madrid, I didn't realize that. I thought I had to knock the whole thing out like the actual exam. I'll give it a go then. Thanks!

    #650809
    Martin
    Participant

    I always do becker final exams on sets of 15, so I can check and review each answer i got wrong. I dont even bother much with the simulations, I heard that they are not as hard as the MC questions. Just click end of exam each time you are done with the set. Good luck!

    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

    #650810
    Martin
    Participant

    A client’s lawyer is unable to form a conclusion about the likelihood of an unfavorable outcome of pending litigation because of inherent uncertainties. If the litigation’s effect on the client’s financial statements could be material, the auditor most likely would:

    A.

    issue a qualified opinion in the auditor’s report because of the lawyer’s scope limitation.

    B.

    withdraw from the engagement because of the lack of information furnished by the lawyer.

    C.

    disclaim an opinion on the financial statements because of the materiality of the litigation’s effect.

    D.

    add an explanatory paragraph to the auditor’s report because of the uncertainty.

    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

    #650811

    I would go for D. Here there is no deviation from GAAP or lack of sufficient audit evidence. Though information about pending litigation is an audit evidence due to the nature of the litigation the lawyer is unable to form a opinion. If the amount is material and auditor wishes to emphasis about the litigation he might add explanatory paragraph after auditors opinion.

    whats the correct answer?

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    #650812
    swilk
    Member

    Why do I suck at research TBS questions?! They always seem so easy, but I find myself getting them wrong!

    AUD - 90 (2.26.2015)
    BEC - 76 (5.4.2015)
    REG - 79 (8.31.2015)
    FAR - 76 (2.22.2016)

    Roger and Ninja MCQ FTW.

    #650813
    Anonymous
    Inactive

    @swilkinson Just keep practicing. The key is finding the right keyword(s) to use. I was able to utilize the “search within” function on my FAR exam so try to practice using that one too. I normally start with 2-3 keywords then narrow it down. Also, go thru each search results that makes sense to you, compare on what's required, then decide which is the best. It supposed to be easy if you get a straightforward question, but that's not always the case.

    #650814
    Martin
    Participant

    willpassby2014, you are right. I got it wrong cause of the words material to FS.

    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

    #650815
    hudnetj
    Member

    Do you guys know of anywhere in the AL where it gives exact examples of different audit reports, or compilation/review reports? (using becker)

    I know in AU-C 705.A32 it has 8 different illustrations of some, looking for others…

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

    DONE!!

    CPA 3/15

    #650816

    Have any one tried simulation Ninja Question 69 on Audit. The last question on that simulation i am somehow not convinced with answer. If any of you have gone through it please let me know

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

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