[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

[Pandarama]

🙂 bingo.

Would you like sampling for $500?

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[cdn]

Yes

[Pandarama]

When testing journal entries, the auditor should focus on journal entries:
I.made during the end of a reporting period, as fraudulent entries are made during that time.
II.made throughout the reporting period, as material misstatements are made during that time

a. I
b. II
c. Both
d. Neither

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[cdn]

C

[Pandarama]

Anyone have some good excerpts from audits as examples for various reports (ie. going concern, modified opinion, adverse opinion, intro/scope, ect)?

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[Pandarama]

capri – you're on a roll.

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[cdn]

Yep, I have AUD tomorrow and try to keep calm… 😉

[Pandarama]

Ohhhh. Best wishes for tomorrow!

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[If I can, u can too!]

GL tomorrow capri1032!

@Pandarama, can you please provide explanation to the above question? I'm not sure if below is accurate
“I.made during the end of a reporting period, as fraudulent entries are made during that time.”

fraudulent entries aren't necessarily made during this time but “more likely” to be made.

is there's an associated AU-C?

Licensed CPA since Apr 16
Order in sequence of passing
FAR-71,71,79
BEC-80
REG-72,77
AUD-56,72,72,72,80! Thank you, thank you, thank you Lord!
FAR/BEC/AUD: Becker & Yaeger lectures (Wiley & Ninja MCQs). REG: Becker lectures (Ninja MCQs).

[cdn]

Thanks hokinizeu & pandarama 🙂

[Pandarama]

@hokinizeu – I'm not sure where it would be associated in the au-c.

However, I can explain why fraud occurs often at the end of the year or how to better look at this question in the future. I think the best mind set when looking at this question it to think of the journal entries being made at the end of the reporting period because someone is trying to cover up something that happened earlier or they are trying to make their financials look better, this is why it would happen at the end of the period rather than at the beginning or even the middle.

I'm in the same boat as you though, I personally don't agree with the answer, but I know that I just need to accept the mind set I need to be in so that I can get that passing grade.

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[EuroAddict]

Is it me or do the research SIMS for ninja never work? Search is terrible.

-----------------------------
BEC - 77, 03/2015 (first try)
FAR - 79, 05/2015 (second try)
REG - 83, 12/2015 (first try)
AUD - 84, 03/2015 (first try)

I got 99 problems but the CPA ain't one.

[Pandarama]

euro – are you answering them correctly? lol. I honestly felt the same way, but that was until I realized I wasn't paying attention enough to the section they were looking for (subsection, paragraph, section, ect).

Personally, I just worry more about practice other sims and skip research questions.

BEC - 80
AUD - 64, 75 - credit lost, 90!!
REG - 73, 74, 83
FAR - 61, 72, 85

Feels good finishing on my best note. Time to watch the mailbox.

[EuroAddict]

It's the search function that is lacking. I search and nothing comes up. But I'm starting to think if your search doesn't return the correct answer then nothing will show.

Not worrying about it. Just annoying lol

-----------------------------
BEC - 77, 03/2015 (first try)
FAR - 79, 05/2015 (second try)
REG - 83, 12/2015 (first try)
AUD - 84, 03/2015 (first try)

I got 99 problems but the CPA ain't one.

[cdn]

@Euroaddict – Research q at Ninja is working properly and I hate doing it there. I actually started doing at Becker. Also, the overall knowledge of codes give you great benefit for research q. It helped me a lot. I am waiting for AUD results now. Seems like everyone just disapeared from AUD forum. lol

[Author]

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