[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

[Anonymous]

Those random tips are useless LOL.

[Iggy_1985]

Welp… done with Wiley TB.. did all MCQs once, then a random set of 20 for each section as a final review.. pretty happy with how I did on that.. except SAMPLING.. I suck at sampling!!!! arghhh

my finished spreadsheet

https://img.photobucket.com/albums/v301/Vixia/safasdfsdgdg_zps43ab967c.png

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Iggy_1985]

what! you don't like my random tips! well maybe somebody will find them useful.. I seriously hate those negative terms lol

I think okay it's ineffective so it must not relate to effectiveness, because it's not effective! But it's efficient cause less work is done etc. So relates to efficiency, but no, it's effectiveness. bah.

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Anonymous]

When negotiable securities are of considerable volume, planning by the auditor is necessary to guard against

A. Unauthorized negotiation of the securities before they are counted.

B. Unrecorded sales of securities after they are counted.

C. Substitution of securities already counted for other securities which should be on hand but are not.

D, Substitution of authentic securities with counterfeit securities.

[Iggy_1985]

Your MCQ is useless!! lol 😛

It's C

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Anonymous]

Haha, I was just messing but those are so easy questions yet I've missed a few of them.

Assessing control risk too low=Ineffective

Assessing control risk too high=Inefficient

Incorrect acceptance=Ineffective

Incorrect rejection=Inefficient

Incorrect acceptance/rejection=Substantive tests

Assessing control risk too low/high=Test of control

I think that about covers what we need to know for sampling, right?

[Iggy_1985]

variables sampling vs attributes sampling, tolerable rate, deviation rate, when does sample size increase, PPS, sampling interval, stratified, block, ratio estimation vs difference estimation…

and ????

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Anonymous]

Tainting factor and sampling interval maybe? I don't know but there is a simulation on it in the Ninja MCQ.

[Iggy_1985]

k re-bought the ninja mcq, tomorrow is a day of SIMs! Now to go sit in bed and look through 7,456,667,346,115 index cards.

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio/Notes
BEC - 82 (5/8/15) Ninja MCQ, A few Becker lectures during commute
REG - 84 (8/14/15) Ninja MCQ, A few Becker lectures during commute

Letters after my name soon!

[Future Ninja]

An auditor is performing substantive tests of pricing and extensions of perpetual inventory balances consisting of a large number of items. Past experience indicated numerous pricing and extension errors. Which of the following statistical sampling approaches is most appropriate?

A.

Unstratified mean-per-unit

B.

Probability-proportional-to-size

C.

Stop-or-go

D.

Ratio estimation

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Anonymous]

@Future Ninja I've not seen A or C in my materials so either B or D. I'm thinking since it's large volume stratification will be ideal but without looking thru my notes, I'm not sure which one uses stratification but I think B sounds like it.

[Future Ninja]

@cpaby2015 – B was my answer too. but the correct answer as per Ninja is D. ratio estimation

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Anonymous]

Ninja, what are you scoring now? Are you in the 70s yet?

[Anonymous]

Hmm…interesting.

[Future Ninja]

about to go to sleep now. No @cpahopeful11. i'm struggling. the more I think about it, the more I get nervous. Having upset stomach and its not fun.

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Author]

Replies