AUD Study Group Q4 2014 - Page 122

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  • #623689
    Future Ninja
    Participant

    @cpahopeful11 – even though you failed FAR, you're still better and doing better than me. Thanks for the tip. They are giving the Present Value table for bonds and leases right?

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

    #623690
    Future Ninja
    Participant

    @cpahopeful, cpaby2015, Mariam almas – I'm wondering where's tarheelgirl?

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

    #623691
    Anonymous
    Inactive

    Same, hope she passed. Sucks Dunkin failed by a few points though.

    Yeah, PV will be given to you so need to worry about that. What has continued to kill me is JEs so do as much practice on those as you can. Any JE you see in the book, write it down and make sure you understand it.

    #623692
    Future Ninja
    Participant

    sure thing cpahopeful. sorry to hear about Dunkin.

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

    #623693
    magatha12
    Member

    Does anyone know where to find the most recent released AICPA questions for Audit? I'm not sure where people find these.. I just wanted to do a quick review of them

    FAR: 79
    AUD: 81
    REG:5/29/15
    BEC:85

    Using CPA Excel, NINJA notes and audio, NINJA MCQs

    #623697
    Anonymous
    Inactive

    Um, I would guess probably the AICPA website? Not sure, I've never looked them up before.

    #623698
    Anonymous
    Inactive

    @magatha12 You can ask your review materials provider.

    #623699
    alinute
    Participant

    So I took my test yesterday. My MCQs were really long, mostly 2-3 sentences each and lots of ‘except for' questions. My sims were kinda bad, 3 were really bad, I didn't even understand how to do them, the other 4 were ok, pretty confident in them… after the test they said that my test is incomplete so I spent another hour and a half at the testing center for them to print the completion report. At this point I was starving, cranky, and had a headache and just wanted to get out of there. Now it's wait for the score game. BTW this was my 3rd time taking it.

    BEC:74,71,80
    FAR:57
    AUD:61
    REG:

    Switched from Becker to Roger in April.

    #623700
    Anonymous
    Inactive

    Risk of a material misstatement of recognized revenue is likely to be high due to which of the following?

    A.

    The significant judgment involved in the interpretation of the accounting principles surrounding revenue recognition.

    B.

    More transactions center around the revenue accounts than any other accounts in the chart of accounts.

    Incorrect C.

    Both the significant judgment involved in the interpretation of the accounting principles surrounding revenue recognition, and more transactions center around the revenue accounts than any other accounts in the chart of accounts.

    D.

    Recognized revenue does not have a high risk of material misstatement.


    Can someone please tell me how the answer is A, and not C. I just don't get it.

    #623701
    Anonymous
    Inactive

    @aspiring: I don't think more transactions center around revenue accounts. In my experience, more transactions center around expense accounts…

    #623702
    Anonymous
    Inactive

    What is the difference between Attestation and Assurance services? Where do compilations, reviews, audits and examinations fall within these categories?

    Thanks

    #623703
    magatha12
    Member

    Audit report question:

    When a current year audit reports on comparative F/S where the prior period was audited by a predecessor, the current year audit report should have an “Other Matter” paragraph indicated that the PY were audited by a predecessor and the date, and type of opinion. HOWEVER, in my Wiley material, it says this should be in the INTRO paragraph. Unless the Wiley is old. My test is tomorrow so I'm trying to get this straight!

    Unless it should be in both intro and OM paragraph?

    FAR: 79
    AUD: 81
    REG:5/29/15
    BEC:85

    Using CPA Excel, NINJA notes and audio, NINJA MCQs

    #623706
    Martin
    Participant

    Any of you guys working with Roger CPA? Do you think reading his book,working with his MC format, and watching all his lectures is enough to pass Audit? I know he skips a lot of details and this is the reason Im asking.

    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

    #623707
    Anonymous
    Inactive

    @CarneAsada. Good point. Guess I'm just frustrated at how poorly I'm doing on these MCQs.

    Half of the time it seems like the option I thought the least likely turns out to be the correct one when I get a question wrong. Is it usual to get your behind handed to first time around on these Ninja MCQs?

    Should I just keep working though it or could this be a sign of something else? Thanks guys.

    #623710
    Anonymous
    Inactive

    So I'm taking AUD on Nov. 21 (2 weeks…) and I'm behind in my studying. I made it through the first 2 chapters of Becker (Lectures and MCQ). I've got 4 to go.

    Any advice on how to tackle the remaining 4/review appropriately?

    I work full time and changing the test date is not an option.

    Thanks!

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