[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/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Future Ninja]

#8. In the course of an audit, the auditor realized that an internal control is deficient, but elects not to test that control. The auditor has determined that:

A.

the control would not present a reasonable possibility of material misstatement to the financial statements.

B.

the control would present the possibility of material misstatement to the financial statements.

C.

testing the control would result in inefficiencies in the audit procedures.

D.

testing the control is not part of the audit process.

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

[Anonymous]

If you are in the EC, how many hours of sleep do you get before work?

[Future Ninja]

#9. In performing an audit of internal controls over financial reporting, the auditor uses:

A.

the general standards applicable to an audit of the financial statements.

B.

audit standards specifically designed for an audit of internal controls.

C.

attestation standards applicable to PCAOB standards.

D.

auditing standards established by the IASB.

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

[Anonymous]

8. C

9. C

[Future Ninja]

Last question.

#10. Which of the following questions would an auditor least likely include on an internal control questionnaire concerning the initiation and execution of equipment transactions?

Are requests for major repairs approved at a higher level than the department initiating the request?

B.

Are prenumbered purchase orders used for equipment and periodically accounted for?

C.

Are requests for purchases of equipment reviewed for consideration of soliciting competitive bids?

D.

Are procedures in place to monitor and properly restrict access to equipment?

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

[Future Ninja]

I sleep from 7pm to 9pm then 3am to 5am. off to work at 6am Mon to Friday.

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

[Future Ninja]

I also sleep after lunch.

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

[Anonymous]

Whoa, you only get 4-4.5 hours a sleep a day?

10. C?

[Future Ninja]

#10 – D

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

[Future Ninja]

yes cpahopeful11. that's what it is.

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

[Future Ninja]

sometimes i'm going out Friday night on a date just to free my mind from stressful work at pharmaceutical industry.

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

[Future Ninja]

logging out.

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

[Future Ninja]

Im at work now but will probably try later to knock down some mcq. dont tell my boss. ssshhhh. my exam is in 10 days.

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

[Anonymous]

@Future Ninja What's the answer to 8 & 9?

[Qlad]

@future ninja…

Q.8 C

Q9 A

Q10 D

Thanks for sharing how hard u r working…I'm struggling a lot to encourage myself to study…u r a good inspiration… I shud try harder to keep myself focused…

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

[Author]

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