[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/

[Future Ninja]

did you know that:

Section 230, Audit Documentation, includes a specific documentation

requirement if the auditor identified information that is inconsistent

with the auditor's final conclusion regarding a significant finding or issue

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

[Future Ninja]

did you know that:

In order for the auditor to obtain reliable audit evidence, information

produced by the entity, including any management's specialist, that is used

for performing audit procedures needs to be sufficiently complete and accurate.

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

[Future Ninja]

When misstatements are so material that an adverse opinion is issued, a scope paragraph would be:

a. qualified.

b. unchanged.

c. deleted.

d. expanded to identify the additional procedures which the auditor performed.

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

[mariam almas]

is the answer A?

AUD: 81 (Done)
REG: Currently studying
FAR: TBD
BEC: TBD

NH

[Anonymous]

B?

[CSmith242]

is it B?

[Anonymous]

The answer is B I believe. Scope paragraphs are changed due to limitations and inconsistencies. Inadequate departure from GAAP or failure to express an opinion or adverse opinion the opinion paragraph is adjusted.

[mariam almas]

ummm i think it is A

what i have known is scope paragraph (audit responsibility parg.) changes in all the 3 types of audit reports except unmodified opinion

need the answer getting confuse

AUD: 81 (Done)
REG: Currently studying
FAR: TBD
BEC: TBD

NH

[Qlad]

yup…I think it's A too…bcoz then the last line in Auditor's responsibility para changes..

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[rzrbkfaith]

Per Becker – “When the auditor expresses a qualified or adverse opinion, the Auditor's Responsibility paragraph should be amended to state that the auditor believes that the audit evidence obtained is sufficient and appropriate to provide a basis for the auditor's modified audit opinion”

Then a basis for modification paragraph would be placed immediately before the opinion paragraph. There are no changes to the introductory or management responsibility (MR DIM) paragraphs.

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[NeverGiveUpCPA]

taking exam on Oct 30! so stressed…AUD has been my weakest area since college…

[Anonymous]

I've just started reviewing audit reports and it looks like A is the correct because you have to insert the word “adverse” in the auditor's responsibility paragraph for adverse opinion.

[FLCPA1969]

When you are in the review mode for your exam, is it better to simply click on MCQ and let the system decide what questions you should do, or should you click on Custom and select all of the categories so you are covering all topics?

Thanks for your help

Hi YAA!

[Future Ninja]

@CPAby2015 yes A is the adverse. you have to insert the word “adverse” in the auditor's responsibility paragraph for adverse opinion.

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

[Anonymous]

So I have 20 or so days left before my exam, how should I be studying?

Also, what are the rules for adding or deleting stuff to the audit work papers after the report release date? You have 60 days to delete discarded documentation and do not right need to document it right? But if you add stuff, it has to be documented? A little confuse here.

[Author]

Replies