[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

[SomedayCPA2015]

@ahugemistake I had the WTB to supplement Becker before they both expired. I found it to be too easy and bit deceptive. Ninja are harder than WTB and Becker IMO, but I find them to be the best. You can't beat the cost, and the explanations are far superior to others. My Becker expired in December and I am now using Ninja exclusively for AUD. I'm finding AUD more difficult to study for than REG and BEC since I am bored to tears, but hopefully my method does not fail me now. Good luck!

REG - Passed
BEC - Passed
AUD - Passed
FAR - Passed!!!! I have my life back.

[knicks92]

for those of you using Becker for the difference estimation method in sampling, do you add and subtract the projected error to the total book value amount and that range is your precision interval. I am referring to A5-18 because i noticed they only subtracted the projected error from the total book value amount to get a point estimate value but nothing was added.

Tough times don't last. Tough people do.

B: 88
A: 77
R: 89
F:

[Claudia408]

Is it me or Audit just MOSTLY an exercise in memorization? A lot of it makes no sense and it's the same words over and over (materiality, risk, assertion, substantive) just in different order. I feel like I just created an MCQ question just by listing audit buzz words….

Anyways, hope this isn't a dumb Q… how are people studying for management assertions (existence, rights obligations) with respect to the substantive procedure (example: review collection subsequent to year end)? How do you know what assertion goes with what substantive procedure?

BEC - 75 (3x)
AUD - 78 (3x)
REG - 67, 66, Aug 1
FAR - 54, Sept 8

[CPA2B_NJ]

Guys, my exam is next week and I'm scoring 70% across the board. Any suggestions on improvement? What percentage should I be at to guarantee best changes of passing?

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[CPA2B_NJ]

@Claudia – I'm struggling with that.

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[CPA2B_NJ]

@knicks – I can't get statistical concepts to my head. I'd like some pointers in how you've been able to grasp some of the concepts.

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[CPA2B_NJ]

@Mr.SD – I wish you good luck! I hope for the best for you.

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[Anonymous]

Can someone please explain this

An auditor is conducting an attribute sampling application to test the effectiveness of a particular control. The following rates have been determined:

Sample deviation rate: 5%

Tolerable deviation rate: 6%

Allowance for sampling risk: 2%

a) Since the tolerable deviation rate exceeds the sample deviation rate, the auditor may rely on the control.

b) Since the sample deviation rate exceeds the tolerable deviation rate less the allowance for sampling risk, the auditor may rely on the control.

c) Since the tolerable deviation rate plus the allowance for sampling risk exceeds the sample deviation rate, the auditor may not rely on the control.

d) Since the tolerable deviation rate less the allowance for sampling risk is less than the sample deviation rate, the auditor may not rely on the control.

UDR > TDR, so not reliable. What is up with these ridiculously incorrect options? Why would you add/subtract UDR components to TDR? Becker final exam is just meant to trick people a bunch of scenarios that will never be even likely to occur. Hate this.

EDIT:

Nevermind, just had to write down the equation down on paper, Still overly wordy, tricky and annoying though.

[CPA2B_NJ]

@Ekinsbs – Can you explain that? I'm weak with statistical. Any tips on getting it down?

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[okcpa2015]

NINJA MCQ Heat Check… 31 days out from AUD

*Average Trending: 84%

*Average: 78%

*56% of Questions Answered Correctly

*512 questions not seen

How is everyone else doing? Big study weekend coming up!

FAR - 91
REG - 88
AUD - 98
BEC - 88

[Anonymous]

82% trending

65% average

0 questions not seen

383 questions wrong

I have 21 more days to get prepared. I have a lot more studying to do.

[plotikkk85]

Hi ALL! Not sure why correct answer is C instead of D.

Which of the following is a substantive test that an auditor most likely would perform to verify the existence and valuation of recorded accounts payable?

A Investigating the open purchase file to ascertain that prenumbered purchase orders are used and accounted for.

B Receiving the client's mail, unopened, for a reasonable period of time after the year end to search for unrecorded vendor's invoices.

C Comparing selected entries in the accounts payable subsidiary ledger to purchase orders and receiving reports.

D Confirming accounts payable balances with known suppliers who have zero balances.

Here is the explanation: In order to verify the existence and valuation of the accounts payable account, the auditor should go to the source documents. These would include purchase orders and receiving reports.

I was thinking that confirmation is the best way to verify existence of A/P.

[Martin]

I would think the answer is D as per Roger.cpa review book.

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

[CPA2B_NJ]

Last weekend to study, exam is this Wednesday, and I'm still scoring 70%……freaking out.

FAR - 50, 78
BEC - 67, 72, 75
AUD - 72, 80
REG - 70, 85

To God be the glory! Forever, amen!

NJ License

[trish_1234]

Martin Lady you guys sat the exam???

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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