[jeff]

Welcome to the Q2 2015 CPA Exam Study Group for AUD.

World Premier: “Unmodified” (Audit Reports Rap Video) 🙂

Posted by Another71 on Thursday, November 13, 2014

Free NINJA: https://www.another71.com/cpa-exam-study-plan/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[golfball7773]

I need a couple days to catch up on cleaning, especially my car……and all the other projects my wife has for me.

Right now I started on page one of this thread and I reviewing the questions that people have posted. I like it because sometimes there is more explanation and I am seeing some of the difficult questions.

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[silliepanda]

How r u doing with your audit review

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[golfball7773]

ready to take a spoon and dig my eyes out….

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[Anonymous]

Hey silliepanda and golfball. … Are you sitting sometime this weekend? I go in tomorrow at 1 pm.

May the force be with you.

[golfball7773]

9 AM tomorrow. doing some fun review at work….

And also with you!

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[Anonymous]

I bailed on work today. Just gonna waste some PTO time. I just hit the review phase in the Ninja MCQ. I think I might switch over to high level review now. Maybe watch the BLITZ videos? Have you done those ?

Probably read through the reports and get a little more familiar with the AL. Maybe hit a few weak areas with MCQ

Are you planning on anything different today after you gouge your eyes out?

[golfball7773]

Videos don't do much for me as I just start zoning out. I think after work and at work I will continue to hammer my weak areas for awhile and then read the NINJA notes. I plan on having some Wine and calling it a night early. Maybe go hit some balls at the golf simulator for an hour to take out some stress.

I may finally read the audit report for the Credit Union as I am on the audit committee.

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[golfball7773]

I also plan to make sure I know my assertions because I keep getting them mixed up

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[silliepanda]

Haha golfball…feeling same. Doover just going thru my weak areas. Struggling with keeping things straight. Off of work today..sit for exam at 8 tomorrow. Going to work out shortly …hopefully will help. Can't wait for this one to be over.

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[golfball7773]

and after gouging my eyes out, I will proceed to have my wife dial prometric so I request accommodations under the ADA

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[jbarwick]

Question on Assertions. Please help answer:

1. An auditor would trace from shipping records to the sales journal and the accounts receivable ledger to determine if all shipments were properly recorded as sales.

2. An auditor would trace from the sales invoices or sales journal (accounting records) to the shipping documents (source document) to support management's assertion of _________.

Answers though they seem very close to one another:

1. Completeness

2. Occurance

Journey Started - January 2015
FAR - 4/2015 - Passed
AUD - 7/2015 - Passed
BEC - 8/2015 - Passed
REG - 11/12/2015 - Passed

[Anonymous]

@jbarwick

golfball posted a link earlier of a you tube lecture regarding these assertions. What I extracted from the lecture that made sense to me was:

occurrence assertion = looking for documented proof

completeness assertion = confirming that all #s are accounted for.

1. You are starting from the source documents (shipping orders) and tracing the flow of that information through the accounting system to ensure that it has made it to the accounting records (sales journal) confirming it has been recorded as sales (the accounting records are complete)

2. You are starting from the accounting record and looking for the documented proof that that sale really occurred

Hope this helps a little.

[golfball7773]

Lets do this!!! Good luck all – make sure to get a good nights sleep and get ready to nail the exam! and remember – RTMFQ!

FAR: 63, 55, 62
REG: 65, 77*
AUD: Fail, 64, 71
BEC: 72, 74, 81

*expired

[silliepanda]

Good luck all!!!!!

BEC - TOO MANY FAILS TO LIST! July 2015 I WILL GET IT!
AUD - AUG 2015- NEVER PASSED!
FAR - LOST CREDIT
REG - PASSED

[Anonymous]

Good luck everyone! Tomorrow at noon for me.

[Author]

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