[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]

D

[mariam almas]

yeah it's D

so we have to differentiate between 3 things

1)Rotate off

Issuer:

Non-issuer:

2)Document Completion

Non-issuer:

Issuer:

3)Document Retention

Non-issuer:

Issuer:

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

NH

[Anonymous]

1)Rotate off

Issuer: 5 years

Non-issuer: ?

2)Document Completion

Non-issuer: 60 days

Issuer: 45 days

3)Document Retention

Non-issuer: 5 years

Issuer: 7 years

[mariam almas]

i”m wondering if the Rotate off is required for non-issuer ????

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

NH

[Anonymous]

Um, I thought the rotate rule was for five years for non-issuere as well.

Anyways, I'm scoring in the 80 range for the evidence section but still don't feel comfortable in that area. The simulations have been great practice on the WTB for that section though.

[willpassby2014]

Which of the following types of engagements is not permitted under the professional standards for reporting on an entity's compliance?

A.

Agreed-upon procedures on compliance with the specified requirements of a lawt

B.

Agreed-upon procedures on the effectiveness of internal controls over compliance with a law

C.

Review on compliance with specified requirements of a law

D.

Examination on compliance with specified requirements of a law

BEC Passed
FAR Passed
AUD Passed
REG Passed

[Anonymous]

@ mariam I don't have in my notes if there's a requirement for non-issuer, maybe none.

@CPAHOPEFUL That's good, keep practicing. Aiming for 75 is ideal but aiming for more than that, why not? As my college professor said, “Aim for the top, and you'll pass!”

@willpassby2014 I would go with B? All the other 3 pertains to the FS and B is for internal control only. I'm not sure if there's a law that requires you to comply with in designing effective internal control?

[willpassby2014]

Answer is C

BEC Passed
FAR Passed
AUD Passed
REG Passed

[Anonymous]

Explanation please.

[Anonymous]

The only explanation I can observe is that the review provides both a lesser scope and lesser assurance than examinations or other SSAE engagements.

[mariam almas]

ohh didn't get it, i would also go for B

more explanation please

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

NH

[kappa1032]

@willpassby2014 – My answer is C. According to Becker, a practitioner will generally perform an agreed-upon procedures engagement, but may perform an examination. A review should not be performed.

I think this is because reviews provide less assurance than agreed-upon procedures and examinations. Unfortunately Becker doesn't elaborate too much.

FAR - 81
REG - 74, 87
AUD - 88
BEC - 88

Finally.

“The only guarantee for failure is to stop trying”
― John C. Maxwell

[Anonymous]

When do you use the other-matter paragraph instead of the emphasis of matter paragraph?

[Anonymous]

Another thing, if the auditor expresses an disclaimer of opinion they are precluded from expressing an opinion on SI. Now, if the auditor expresses an disclaimer or adverse opinion and is asked to report on specified elements, they can do so as long as it is on a separate report? Can someone explain this to me?

[Future Ninja]

@cpahopeful i think other matter paragraph are for those items that are not associated with FS accounts but we decided to mention it in our report so it will not be misleading. For EM PAR these are to emphasize related items that are in the F/S (appropriately presented or disclosed in the F/S and is such importance that it is fundamental to the users' understanding of the fs).

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

[Author]

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