[jeff]

Welcome to the Q1 2017 CPA Exam Study Group for AUD. 🙂

[sulaiman]

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!

[sulaiman]

….

[Forem004]

Difference in comp and prep is the report.

[Ny1105]

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.

[Rhunter]

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!

[MMAFEM]

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!

[Forem004]

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

[Anonymous]

@MMAFEM, when are you taking AUD?

[MMAFEM]

thanks

[Anonymous]

I got it.

[Holly]

Anyone taking the test next week?

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

[thebigguy1992]

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?

[Forem004]

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

[thebigguy1992]

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..?

[sulaiman]

@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]

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