[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

[trish_1234]

Answer (A) is correct.

A control total should be generated for the transactions to be posted. It then should be compared with the total of items posted to the individual accounts.

yay!

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[Martin]

I know we talked about this,but I just came across another question. I thought the intro paragraph was not supposed to change?

If the financial statements of a prior period have been audited by a predecessor auditor whose report is not presented, the successor auditor should indicate in the introductory paragraph of his report all of the following, except:

A.

the date of the predecessor's report.

B.

the type of report issued by the predecessor auditor.

Correct C.

the name of the predecessor auditor and the length of time he or she was associated with the client.

D.

if the report was other than the standard report, the substantive reasons therefore.

Through God all things can happen!

“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”

FAR= 72-84
Audit= 73-82
BEC= 74-75
Reg=77

[Martin]

trish_1234, that simulation was brutal, and im glad I came across it before the exam.

Through God all things can happen!

“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”

FAR= 72-84
Audit= 73-82
BEC= 74-75
Reg=77

[jeff]

Post by Another71.

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

[salring]

@Jeff questions on evidence would much appreciated. Thanks in advance.

[Anonymous]

@ Jeff question about control (preventive and detective, inherent, control risks) and sampling will be very helpful

[trish_1234]

@ Martin. I came across that question and I believe that is an error. That is a Ninja question correct?

My gleim book clearly states that it goes in another matter paragraph. this paragraph states

the date of the predecessors report

the type of opinion expressed and the reason for any modification

the nature of any emphasis-of-matter or other-matter paragraph in the report

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[trish_1234]

@ Plot

B?

Edited: My bad, u answered it already. I am not with it today!

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[ladybossxo]

@Jeff: Questions on Internal Control/Error/Fraud and Ratios. Thank you!! 😀

CPA Exams Done.

[Mr.SD]

@Martin the first time I took audit off of whim was in the summer of 2013 I received a 62. I had no experience then studying or with a firm. I feel good about going into it this time I am actually studying everyday!

"Do better to know better."

[Mr.SD]

This may seem crazy but is anyone else studying while in Tax Season?? If you are I feel your pain but don't give up we got this, it is so hard working 10 hour days and going studying for 4 everyday, but april will soon be here and it will be worth it. I believe success is near!

"Do better to know better."

[Martin]

Mr.SD, good luck, we we are here to help each other on all the tricky questions we can find.

Through God all things can happen!

“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”

FAR= 72-84
Audit= 73-82
BEC= 74-75
Reg=77

[Anonymous]

So I am doing Ninja MCQ and just came across this question. What's your logic behind your answer too if you don't mind (I got it wrong):

After making inquiries about credit-granting policies, an auditor selects a sample of sales transactions and examines evidence of credit approval. This test of controls most likely supports management's financial statement assertion(s) of:

A.

both rights and obligations and valuation or allocation.

B.

rights and obligations.

C.

valuation or allocation.

D.

neither rights and obligations nor valuation or allocation.

[oceansister]

@clopins -c? thinking that AR need to be collectable (credit check will help )

[trish_1234]

A?

AUD 69, 92 7/15 Gleim and Ninja test bank
FAR sometime in 10/15 Gleim
BEC not taken
REG not taken

[Author]

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