[jeff]

Welcome to the Q1 2016 CPA Exam Study Group for AUD.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[D]

@payaza2000 & FAR_WARS – I'm taking AUD 1/24 and plan to study and take BEC before end of Feb too!

What study methods are each of you using?

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AUD - 74, 77! (1/2016)
BEC - 80! (5/2016)
REG - tbd (8/2016)
FAR - tbd

Study materials: NINJA MCQ/Audio/Notes

"I can do ALL things through Christ who strengthens me!"
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[for425]

Hey all, I came across this question and understood the answer, but was hoping someone could clarify when to use each standard… They all seem like they would have overlapping content. Thanks!

An entity engaged a CPA to determine whether the client's web sites meet defined criteria for standard
business practices and controls over transaction integrity and information protection. In performing this
engagement, the CPA should comply with the provisions of:

a. Statements on Assurance Standards.
b. Statements on Standards for Attestation Engagements.
c. Statements on Standards for Management Consulting Services.
d. Statements on Auditing Standard

FAR - 72, 81
BEC - 76
REG - 78
AUD - 61 (1/24), Retake (6/6)

Materials: Becker
FAR Retake: + Wiley TB
REG & AUD: + Ninja MCQ

[csvirk]

@TXCPAGAL12

Correct answer is D. Lets suppose Auditor collecting evidence for completeness assertion but unable to gather supporting documents (Availability of data) or if he/she founds a supporting document but auditor feels he need additional evidence (reliability of data). This will increase risk of misstatement in financial statement.

Also remember that Detection Risk has a inverse relation with risk of material mistreatment.

AR = CR * IR * DR = RMM * DR
RMM = AR * 1/DR

FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84

[payaza2000]

@TXCPAGAL12 Becker & NINJA MCQ

FAR 5/6/2015- 84
REG 8/3/2015 - 87
AUD 10/25/2015- 69 1/20/2016 -75
BEC 2/26/2016- 80

Thank you God

[csvirk]

@For425

Answer is B. Auditor is reporting on subject matter so Auditor will comply with Statements on Standards for Attestation Engagements. For more information I highly recommend you see links below.

https://www.aicpa.org/Research/Standards/AuditAttest/Pages/SSAE.aspx

https://www.aicpa.org/RESEARCH/STANDARDS/COMPILATIONREVIEW/Pages/compilation%20and%20review%20standards.aspx

https://www.aicpa.org/interestareas/forensicandvaluation/resources/standards/downloadabledocuments/sscs.pdf

FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84

[for425]

@csvirk thanks!

FAR - 72, 81
BEC - 76
REG - 78
AUD - 61 (1/24), Retake (6/6)

Materials: Becker
FAR Retake: + Wiley TB
REG & AUD: + Ninja MCQ

[Anonymous]

Trying to find a comprehensive list of circumstances that render certain opinions, .ie adverse or disclaimer, etc. I feel like there are only so many ways to ask this question. Would be nice to study

[Anonymous]

Hey all,

Any ideas on how much time I should spend studying ratios for AUD?

[Anonymous]

[FAR_WARS]

@cpataxgal:

“Availability and reliability of relevant data” would be an inherent risk- a factor of the client and existing independently of the audit. DR is what we can control by increasing or decreasing substantive testing.

My study method has been nonstop MCQs from any source i can find.

@For425:
also very helpful- https://www.aicpa.org/advocacy/state/downloadabledocuments/attest-services-chart-color-nonfillable.pdf

@Dmb2stepper: Becker page a1-44, is nice, but is just SAS Audits.

@eric:
Be familiar with them, but remember not to spend too much time on one question/topic.

FAR- 80
BEC- 75
AUD- 78
REG- ?

[Anonymous]

@far_wars I've been doing the same. Grabbing mcq's from any source I can find. Have your results been varying? My exam is the day before yours and in some sessions I kill it, while other times my confidence is shot.

[Anonymous]

I'm sure you've also begun to memorize a lot of the answers like I have. Seems inevitable to find overlap

[FAR_WARS]

i try not to pay attention to my % while studying. I keep track of questions I miss and this is the first thing I study the next day. Yeah the overlap happens which can give you overconfidence while studying. Also the MCQs on my first AUD attempt were much more difficult/wordy than most of the questions I studied…

FAR- 80
BEC- 75
AUD- 78
REG- ?

[CPA2BEE]

@FAR_WARS you are ready for your retake, you're all over this forum and dialed in.

FAR - 80
AUD - 82
BEC - 80
REG - 85

ETHICS - 90
EXPERIENCE - COMPLETE
Application for California license mailed 8/4/2016

[payaza2000]

I would suggest everyone taking the test to try the AICPA 2015 AUD Released Questions, they are good practice.

FAR 5/6/2015- 84
REG 8/3/2015 - 87
AUD 10/25/2015- 69 1/20/2016 -75
BEC 2/26/2016- 80

Thank you God

[Author]

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