[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

[Anonymous]

Any tips for Chapter 4 of Becker, particularly Transaction Cycles? Its like I need to go get a job in an AR dept for 2 months just to get it.

Anything work for anyone?

[Anonymous]

@hugemistake, there are some questions like that on Becker too. I am using Becker and Ninja MCQ

[Anonymous]

@Dover, I am having a hard time with Chapter 4 as well, just listen to the lecture over and over, while you drive, while you are walking, and practice practice MCQ…

[okcpa2015]

@hugemistake, I'm not memorizing all the specifics of the SOX act. With Ninja, the title of the section in the question leads you to the correct answer.

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

[okcpa2015]

@hugemistake, just saw another note from you. When I see the word “examination” I automatically think of SAS or SSAE standards, not reviews standards.

For an examination, the auditor provides an actual opinion (positive assurance) vs. a review that only states there is no knowledge of a material modification that needs to be made (negative assurance).

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

[pracap]

In August am going to take Audit exam and using becker.

Can anybody tell me should i supplement with wiley or ninja ? which one is better.

Thanks.

[okcpa2015]

@pracap go with NINJA. Pretty much the same questions, but Wiley doesn't have the adaptive learning feature which by it's self is worth the $47.

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

[Jostrowski]

Taking the exam tomorrow. Any suggestions on an efficient way to navigate and find what you're looking for in the Authoritative Literature for the sims? Also how much in the AL actually helps when answering the non research questions?

Thanks

AUD: 62 [2/27/15], 87 [5/29/15]
REG: 76 [5/1/15]
BEC: 86 [7/20/15]
FAR: 76 [8/28/15]

DONE!

Becker self-study, Illinois candidate

[okcpa2015]

@jostrowski, just be as specific as possible when you search.

For REG the AL answered half of the SIMS I was working on. So if you have time I would definitely use it.

Good luck tomorrow, you're going to dominate!

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

[trish_1234]

Anyone can tell me why this is a financial projection and not a forecast thx

Widgets, Inc., produces its widgets in Arcacia, and its major markets are both Arcacia and Atlantica. Due to political turbulence in Atlantica, Widgets prepares its PFS to reflect what would happen if widgets could no longer sell its products in Atlantica.

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

[Anonymous]

@trish

The key word: HYPOTHETICAL assumptions (what would happen if…).

Financial forecast—. A financial forecast is based on the responsible party's assumptions reflecting the conditions it expects to exist and the course of action it expects to take.

Financial projection— A financial projection is sometimes prepared to present one or more hypothetical courses of action

for evaluation, as in response to a question such as, “What would happen if . . . ?”

https://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AT-00301.pdf

[Anonymous]

I found it very confusing as well when doing the MCQ…

[trish_1234]

Thanks CPAbefore40. makes sense now, for some reason, I was thinking that there had to be atleast 2 hypothetical assumptions for it to be a projection. What would happen if is the key question to ask 🙂 .

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

[pracap]

@okcpa2015

thanks for the info.

Am finding it difficult to complete becker mcqs and simulations, should i focus ninja more than becker?

[okcpa2015]

I haven't used Becker, but I'm using CPAExcel and NINJA MCQ. Personally, I like NINJA MCQ better when just practicing MCQs. A lot easier to use.

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

[Author]

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