AUD Study Group Q1 2016 - Page 69

Viewing 15 replies - 1,021 through 1,035 (of 1,065 total)
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  • #747786
    garciarb
    Participant

    My simulations were insane. I had two research sims which were pretty straightforward. I actually laughed at one of the sims. I have no idea how I passed.

    BEC - 81
    AUD - 79
    REG - June 2016 (Thanks Nasba!)
    FAR - ugh

    #747787
    EuroAddict
    Participant

    @RMIN – what did you find difficult about the SIMS?

    FIgure that out and we can try to help.

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

    #747788
    rminrx8
    Participant

    @euroaddict are we allowed to disclose information about what we were tested on? I am not sure how to answer your question…

    #747789
    marqzho
    Participant

    From FAQ here :

    “As a rule of thumb, use Adjectives (Hard, Awful, easy, horrible, insane) not Nouns (topics you saw … types of things they wanted you to do…whether or not your review course covered it) when describing your exam experience. The AICPA takes this very seriously, ninjas. ”

    REG 90
    FAR 95
    AUD 98
    BEC 84

    #747790
    Char143
    Participant

    I passed audit!! I'm so glad. One down.

    AUD (2/16)-84
    REG (05/16)-69 Retake (7/16)-79 (ty ninja MCQ)
    BEC-TBD
    FAR-9/8/16

    #747791
    cdn
    Participant

    Please explain:

    An entity's comparative financial statements include the financial statements of the prior year that were audited by a predecessor auditor whose report is not presented. If the predecessor's report was qualified, the successor should:

    A.issue an updated comparative audit report indicating the division of responsibility.
    B.explain to the client that comparative financial statements may not be presented under these circumstances.
    C. express an opinion only on the current year's financial statements and make no reference to the prior year's statements.
    D. indicate the substantive reasons for the qualification in the predecessor auditor's opinion.

    #747792
    EuroAddict
    Participant

    @CAPRI

    I'd say “D”. If the previous audit report isn't presented then the current auditor should state the opinion of that report and the reasons for it.

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

    #747793
    cdn
    Participant

    @EuroAddict – I am confused – it says report not present, but than says report was qualified?

    #747794
    cdn
    Participant

    You are right D

    #747795
    FAR_WARS
    Participant

    ughh. 72 on AUD and “pending” on BEC. Suppose i will join this thread for the time being- Lets do it!

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

    #747796

    CharleneR congrats on passing Aud!

    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).

    #747797
    monikernc
    Participant

    Hokinizeu, has it sunk in yet that you are off the wild ride? Congrats, congrats, congrats!!!!! Let me know when you get your license.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #747798

    No it hasn't sunk in yet, still can't believe it! Yeah, I'll let you know! I think I might finish off the Ethics over the weekend. We will see.

    When do you plan to take Reg? It's a beast in terms of the amount of material esp. BusLaw but Ninja should prepare you well for BusLaw section.

    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).

    #747799
    monikernc
    Participant

    I will drop off application for reg nts today at the state board office and go from there. Once I see the scope of material I will get an idea for a date but no later than end of may for sure.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #747800
    EuroAddict
    Participant

    @CAPRI – It's telling you the opinion on the report and stating it's not included. When the report isn't included during comparative statements the current auditor must state the opinion of the previous report and reasons for it.

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

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