[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

[If I can, u can too!]

thank you Trying to pass, completely makes sense.

can any of you out there do SIM question #84 on Ninja? i feel some of the answer is deadly wrong on this. the SIM describes below and you're supposed to fill out the report.

Sling Co., a nonissuer, hired Peckman, CPAs, to express an opinion directly on the company’s internal controls over financial reporting as of December 31, year 1. Peckman also performed an audit of Sling’s financial statements.

to answer this SIM, you're supposed to be following the Attestation report, right? but the answer has PCAOB reference to it saying, “we audited the internal control over ….” but i think that's wrong.

would be good to know if there is someone out there that agrees with me on this or could i be wrong?

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).

[Pandarama]

Funny, I saw that sim earlier today. I thought the same thing. I didn't get why it wasn't at least AICPA instead of PCAOB bc it said in the beginning that it was a nonissuer. I still don't get why PCAOB was the answer.

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]

I think going through Audit Q's I 2nd guess my answer more than any other section of the CPA. Anyone else like this?

-----------------------------
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.

[If I can, u can too!]

@Pandarama i think we are both right, Ninja clearly had incorrect answers for that SIM.

@EuroAddict you shouldn't need to 2nd guess. post your questions here you get some explanation. when you're doing the questions, you should take time to read the answers as well as the respective pronouncement (SAS, PCAOB, AR, AT etc).

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).

[cbecken]

Trying to Pass:
After the audit documentation completion date, the Auditor

A. May Not delete any audit documentation

B. May Not make changes in audit documentation

C May Not add new information to audit documentation

D. May make changes or deletions to audit documentation providing that the fact that alterations were made is documented

AU-C 230.17

“After the documentation completion date, the auditor should not delete or discard audit documentation of any nature before the end of the specified retention period”

I think that means “A” huh? Taking my Exam 2/25 and trying to get everything straight in my head 🙂

FAR 51, 53
REG 61
AUD 58
BEC 62

[If I can, u can too!]

@Mom2five thanks for clarifying. it's clearer for me now.

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).

[cbecken]

Pandarama

Hope you feel good about your exam! Where did you get the AICPA list of most difficult Questions? I'm assuming on the site but can't find it, thanks!

FAR 51, 53
REG 61
AUD 58
BEC 62

[EuroAddict]

@MOM It's right when you login to ninja to do your MCQ's. It's in the list just under where you click to start session,

-----------------------------
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]

OMG, 2nd time AUD and find score – FAILED. Going for 3rd time – it is a charm, right? Any advice.

REG – Passed
AUD – failed, failed – going for 3rd time in April

[If I can, u can too!]

@capri1032 sorry you failed again. i know how you feel, keep plugging and don't give up. you will get past it sooner than you think.

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]

@hokinizeu – I must pass that is for sure but I just try to think what strategy for studying should I use this time. Do you apply the same one for each of your study when you fail? I can see AUD is your favorite- the same as mine 🙁

[If I can, u can too!]

@capri1032 i haven't passed so i'm afraid i may not be giving you the right advice but here is the approach i had been taking on last exam and this time:

i'm digging in deeper, meaning i started to read the wiley book i have (focusing on weak areas) doing all questions in the book for those chapters, re-listened to cram lecture (plan to listen to the whole thing again before exam this sat), i finished doing all ninja MCQ and almost all of SIMs. as i do the questions, i read all explanation of the answer whether i get it right or wrong.

i also plan to to write and re-write notes i have gathered in the next few days to cement the concepts into my brain. Audit is a subject i feel you can't pass unless you understand the concepts. hopefully what i'm doing will work. only time will tell if that was enough. i put in over 145 hours just during this study session and will likely reach close to 170 hours by this sat. if you don't mind me asking what did you get this time? were you close to 75?

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]

No, I got 65

[If I can, u can too!]

I would approach studying for Audit the same as if you had never studied for Audit before. This will help you mount more knowledge to your current base. Jeff (this site owner) also suggested that in the recent video.

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]

@hokinizeu – the only bad thing for me is that I did almost all Ninja MCQ. I will reset them to start from beginning but unfortunately my mind remembers most of questions and answers – so that will be tough. But I also have Becker so I may just do them. Videos do not do much for me. I am more of MCQ person to learn from. Will try to read book – and I kind feel where my weak areas are.

[Author]

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