[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/

[kappa1032]

oh nm, i waited too long haha

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

Finally.

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

[kappa1032]

@ CPAHopeful – are you studying for all the tests at the same time? or studying one section at a time?

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

Finally.

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

[LilEngineThatCan]

An auditor's analytical procedures indicate a lower than expected return on an equity method investment. This situation most likely could have been caused by:

A.

an error in recording amortization of the excess of the investor's cost over the investment's underlying book value.

B.

the investee's decision to reduce cash dividends declared per share of its common stock.

C.

an error in recording the unrealized gain from an increase in the fair value of available-for-sale securities in the income account for trading securities.

D.

a substantial fluctuation in the price of the investee's common stock on a national stock exchange.

Correct Answer: A

The return on common stockholders' equity is (net income less preferred dividends) divided by the average common stockholder's equity. Reducing the cash dividend of common stock or a fluctuation in the price of the investee's common stock would not affect this ratio.

[LilEngineThatCan]

Having so much trouble with simulations. Anyone have a good method down to help score some points?

[Anonymous]

Kappa, studying FAR/AUD together, after I'm done tomorrow with FAR I will start with REG along with continuing with AUD. And then after I'm done with AUD, will start with BEC which I'm pretty good with already. All goes well, I should have 9 or 10 days of studying for REG by itself.

[kappa1032]

CPAHopeful, starting REG from scratch or retake?

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

Finally.

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

[Anonymous]

Scratch, that's why I am giving myself about two months for it. I think I can do BEC in a month or so since I already passed once and that section is more so about getting down the concepts.

[Anonymous]

Scratch, that's why I am giving myself about two months for it. I think I can do BEC in a month or so since I already passed once and that section is more so about getting down the concepts.

[Qlad]

An auditor referred to the findings of an auditor’s external specialist in the auditor’s report. This may be an appropriate reporting practice if the

A. Auditor is not familiar with the professional certification, personal reputation, or particular competence of the specialist.

B. Auditor, as a result of the specialist’s findings, adds a paragraph emphasizing a matter regarding the financial statements.

C. Auditor’s report contains a qualified opinion.

D. Auditor, as a result of the specialist’s findings, decides to indicate a division of responsibility with the specialist for the audit opinion.

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

[Anonymous]

B, only refer to an specialist or internal auditor if you modify the opinion or add an EOM paragraph.

[Anonymous]

B, only refer to an specialist or internal auditor if you modify the opinion or add an EOM paragraph.

[Anonymous]

C ?

[Qlad]

yup…answer is c…although I thought b too…but it says u can have eomp that was bcoz of specialist in an unmdfd repot too…so only if the repot opinion changes, can u refer to specialist

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

[kappa1032]

2 days away from my test

Becker Final Exam #1: 83%

Becker Final Exam #2: 77%

Ninja MCQ Trending: 87%

Hopefully these translate to the test but I'm not getting comfortable there. I'm a little scared that my final exam grade dropped so much though…gotta keep studying.

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

Finally.

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

[Anonymous]

Um, I'm not sure about that one. I thought it was only when you modify the opinion?

[Author]

Replies