[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]

@RandomAlt.. Haha, I wouldn't steer you wrong with the presentation ;-).. hope your son is well

Well, I'm really in no position to comment.. I should have finished all of my material a few days ago but instead I am binging through about 35-45 hours within a week and a half… -sigh-… anyways.. I would tell you this..

Don't worry about your lesson progress updating slowly.. the first half of the CPAexcel audit lessons are huge time wise.. when you get towards the end, there are a lot of 8-15 minute lessons… for example I went from about 45% of lessons completed a few days ago to about 76% today and plan to have it finished by Monday with 4 days of review (I hope..I start full-time this week)

Either way, keeping going, and good luck!!!!!

[mariam almas]

one week left (ooppppss)

50% excited

20% disappointed

30% worried

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

NH

[mariam almas]

@CopyPasteMonkey it seems that AUD ur last section, luckyyyyy

good luck ……….

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

NH

[Fk]

Guys how to study for Sampling !! that's my weak area.

[mariam almas]

@Fayas it was my weak area as well, solving the MCQ will help u to overcome the weakness, i solved the MCQ twice after reading the chapter in detail and it's important to read its explanation to avoid memorize the question. the relationships in this chapter are very important

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

NH

[mariam almas]

i have found this question in Bacher MCQ, this question answer our wondering about the rotate off the audit engagement for non-issuer:

Under the ethical standards of the profession in the United States, which of the following circumstances would impair independence in the audit of an issuer but would not impair independence in the audit of a nonissuer?

a.

The audit firm has an immaterial direct financial interest in the client.

b.

The audit firm provided a loan to the client during the prior year.

c.

The firm performing the financial statement audit also designed and implemented the client's financial information system.

d.

The lead partner has worked on the audit engagement of a client for ten years.

answer is D,

explanation: The ethical standards that apply to the audits of issuers (SOX/PCAOB/SEC) require that the lead partner rotate off the audit engagement after 5 years. The AICPA Code of Professional Conduct, which is followed when auditing nonissuers, does not require audit partner rotation.

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

NH

[Fk]

@Mariam Al Mas This rule is mentioned in Sox that a lead partner rotate off the audit engagement after 5 years. I have nice notes on sox . I can share with your guys.

[mariam almas]

@Fayas is it required for non-issuers as well?

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

NH

[Fk]

@ Mariam This rule is required for Issuer but not required for Non Issuer

[CSmith242]

Don't know why but I got tripped up on the McQ.

If management (of a governmental body) declines to present supplementary information required by the Governmental Accounting Standards Board (GASB), the auditor should issue a(an):

A Qualified opinion with an emphasis of matter paragraph

B Adverse opinion

C Unmodified Opinion

D Unmodified opinion with an other matter paragraph

[Fk]

Hi Guys ! what this sentence means ” Deviation at a particular rate will usually result in actual misstatement at a much lower rate ” Wiley Book – Sampling

[Iggy1985]

Gotcha, thanks CPAby2015

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
BEC - 82 (5/8/15) Mostly Ninja MCQ, sprinkles of Becker lectures and Ninja Audio
REG - (8/14/15)

[Anonymous]

CSmith, is the answer D? Opinion can't change with the absence of the RSI statement, but the EOM paragraph is added.

Fayas, feel free to post your notes om SOX compared to non-issuers. That is one area I'm still confused at.

[Anonymous]

@Csmith242 I think it's D.

@Fayas Sampling is my weak area too. I agree with mariam, going thru MCQs and reading answer explanations will help you get through it.

[Anonymous]

Honestly, sampling wasn't even tested all that much for me when I took the exam in July. It is good to get a good feel for it, but no need to stress out if you aren't getting it down.

[Author]

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