[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

[cdn]

FAR_WARS – how did you know if question is asking about issuer or nonissuer? Should we just assumed is always non issuer? but if specifically says issuer – we know than, am I correct?

[FAR_WARS]

Yes, rule of thumb in audit is to assume non-issuer unless stated otherwise.

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

[cdn]

thanks FAR_WARS – I am taking AUD in April 3rd time so hopefully this time it will work out.

[cdn]

I thought everyone disappeared from AUD Forum

[ruggercpa2b]

I just pruchased the Ninja MCQs today and am ready to review for my retake. I cant find my confirmation email so I need to call prometric. I know my exam in on April 2, however, dont remember the time.

AUD - 73, 72 retake 7/2/2016
BEC - 8/20/2016
REG - TBD
FAR - TBD

I am so ready for this nightmare to be over. Been at this way too long.

[FAR_WARS]

i wish I could disappear from the AUD forum…

first attempt i did bad on MCQ and good on sims.
next attempt i did good on MCQ and bad on sims.
Third attempt I will do good on both.

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

[FAR_WARS]

I have struggled with AUD because, in my opinion, some of the questions are so subjective that they are not fair.

For example:

An auditor concludes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. If the entity's disclosures concerning this matter are adequate, the audit report may include a(an):

Disclaimer of opinion (yes or no)
“Except for” qualified opinion (yes or no)

Yes, No is correct.

I understand that an adequately disclosed going concern doubt will not CAUSE a qualified opinion. But what on earth is preventing something that is not being mentioned from being the cause of a qualified opinion?

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

[If I can, u can too!]

@ruggercpa2b prometric always sends a reminder email few days before the exam. as long as you have your NTS, i wouldn't worry what time. or you can google your mailbox or call them, whichever is easier.

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).

[EuroAddict]

@FARWARS:

You can always disclaim an opinion. Issuing an except for in regards to going concern doesn't make sense to me. Also like piece mailing 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.

[Trying to pass]

@ Hokinizeu congratulations!

@FAR_WARS… AUD is very tricky so try to get the call of the question & Do as many questions as you can ,,, you will make it keep the hard work

Pass AUD: 68… 83

[theunexperienced]

Hey guys, got a question here…

Which of the following procedures would yield the most appropriate evidence?

A. A scanning of trial balances

B. An inquiry of client personnel

C. A comparison of beginning and ending retained earnings

Correct D. A recalculation of bad debt expense

Why would this answer be the most appropriate? The answer explanation doesn't give much information.

FAR - 75 (2/25/16)
AUD - 80 (4/8/16)
REG - 80 (6/10/16)
BEC - 79 (7/19/16)

You only get one shot with the spirit bomb.

[EuroAddict]

@THEUNEXPERIENCED –

Information obtained directly by the auditor yields the most appropriate evidence. Given the choices, the auditor recalculating bad debt is most appropriate.

-----------------------------
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!]

@Trying to pass thanks, i'm sure you'll get there too. it was a long 2.5 year lengthened journey (thanks to Audit).

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).

[Wanna_B_TXCPA2014]

Anyone have and good ideas on how to remember which professional standards apply to issuers and non issuers? I found the following link that lists applicable standards to non issuers: SAS, SSAE, &, SQCS

https://www.aicpa.org/RESEARCH/STANDARDS/AUDITATTEST/Pages/audit%20and%20attest%20standards.aspx

[Theodore]

Is everyone posting on Q1 for this section? I don't see Q2

FAR: 66, 76!
REG: 76!
AUD: 72, 9/7/2016
BEC: TBA

Don't Stop When You Are Tired, Stop When You Are Done.

[Author]

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