AUD Study Group Q1 2017 - Page 5

Viewing 15 replies - 61 through 75 (of 569 total)
1 2 3 4 5 6 … 36 37 38
  • Author
    Replies
  • January 1, 2017 at 8:02 pm #1404413
    sulaiman
    Participant

    I have a question if anyone of you work on audit field because I am having a hard time with this concept. What is exactly “Compilation”? And how is it different from preparation? And why is it not allowed for issuers?

    Thanks in advance!

    January 1, 2017 at 8:02 pm #1404414
    sulaiman
    Participant

    ….

    January 1, 2017 at 11:45 pm #1404632
    Forem004
    Participant

    Difference in comp and prep is the report.

    January 2, 2017 at 1:00 pm #1405017
    Ny1105
    Participant

    Failed by a few points.

    Had a ton of questions about pensions (you can delete this post if it is against forum rules). IS pensions a new thing (I guess I should of read changelogs better).

    Overall the Audit exam was straightforward. My advice is for everyone to use the 4 hours effectively and read, READ, READ the questions thoroughly.

    January 2, 2017 at 2:38 pm #1405095
    Rhunter
    Participant

    Hi Ny1105. Sorry about your test result. Could you please share the general nature of these pension questions? Were they focused on laws/regulations such as ERISA, or more on audit planning/fieldwork/reporting? Not looking for actual questions, just looking for their general nature so I know how to focus my research effort. Thanks!

    January 2, 2017 at 4:57 pm #1405289
    MMAFEM
    Participant

    Hi,
    I will be taking the AUD exam in the middle of FEB 17, I have used Wiley CPAexcel books for all the three parts and now looking to buy the 2017 edition of AUD, I am still unable to find one online, should i get the 2016 edition or may be wait a little more, is it late due to exam changes? is any one else able to find the 2017 edition?
    Thanks for any input and guidance in this regard!

    January 2, 2017 at 6:36 pm #1405392
    Forem004
    Participant

    I had very few questions and quite a few on derivatives. It's all about the exam you get!

    January 2, 2017 at 6:47 pm #1405404
    Anonymous
    Inactive

    @MMAFEM, when are you taking AUD?

    January 2, 2017 at 6:54 pm #1405412
    MMAFEM
    Participant

    thanks

    January 2, 2017 at 6:57 pm #1405416
    Anonymous
    Inactive

    I got it.

    January 3, 2017 at 6:57 am #1405743
    Holly
    Participant

    Anyone taking the test next week?

    BEC - 79
    REG - 85
    AUD - 5/27/16

    January 3, 2017 at 5:18 pm #1406351
    thebigguy1992
    Participant

    can anyone tell me why in the ninja plus videos bob says that examinations, compilations and reviews use SSAE? it is now SSARS obviously – is this a change that happened years ago that the videos dont update?

    January 3, 2017 at 8:19 pm #1406516
    Forem004
    Participant

    There have been updates lately. I assume that would be one. I'm not sure of the specifics.

    January 3, 2017 at 11:34 pm #1406769
    thebigguy1992
    Participant

    which of the following procedures generally would not be performed in a review of a public entity's interim financial statements

    Answer: inquire of the entity's attorney

    an answer choice that i thought was correct was inquire regarding significant deficiencies in internal control, but the answer says you would do that. why would you inquire of internal control in a review- i thought you dont consider internal control in a review. do you consider it in this case because it is public? or because it is interim..?

    January 4, 2017 at 1:58 am #1407146
    sulaiman
    Participant

    @thebigguy1992

    I don't use ninja but in case of examinations, compilations, reviews, and agreed-upon procedures, you should use SSAE.
    However, SSARS used for preparation, compilation, and reviews of non-issuers entities.



    @thebigguy1992
    Can you post all four answers choices to see the best one?

  • Author
    Replies
Viewing 15 replies - 61 through 75 (of 569 total)
1 2 3 4 5 6 … 36 37 38
  • The topic ‘AUD Study Group Q1 2017 - Page 5’ is closed to new replies.