AUDIT IFRS HELP :(

  • Creator
    Topic
  • #162453
    nailcpa
    Member

    Hi everyone,

    I will be giving the Audit section of the exam in two weeks and I did not have the $$ to purchase an updated review course so I have been using 2010 material 🙁 If anyone could help me with some notes ANY notes on IFRS for the Audit and share their notes on IFRS audit that would be amazing….please help this poor fellow-cpa-taker 🙁

    AUD- Failed 3 times, 81 5/30/12
    REG- X3:(
    BEC-X1 🙁
    FAR-

    Finally passed my first exam after 2+ years of agony! I refuse to give up! Bring it on!

Viewing 7 replies - 1 through 7 (of 7 total)
  • Author
    Replies
  • #305112
    jeff
    Keymaster

    Ninja notes cover that, fyi.

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

    #305113
    katiekanton
    Member

    Jeff, do you think there's any way you could show a “preview” sample of what the Ninja notes look like, i.e. one page of them as a link in the store? I'll be honest, when I saw “90 page PDF” I thought “I just can't do another 90 pages” but it's possible that the information isn't as dense as I'm expecting.

    AUD - 88
    FAR - 90
    REG - 85
    BEC - 88

    #305114
    Anonymous
    Inactive

    hey Katie – I have the Ninja notes for both FAR & AUD and they aren't as dense as you're thinking! it's basically an outline and it's not like how I would take notes (basically writing down every single thing so that I don't “forget” it… as if every “the” and “and” is necessary….) I just took FAR and will be sitting for AUD at the end of this month and I like that the notes are an outline of what I need to know.

    #305115
    Zaiitz3
    Participant

    @AshleyCap, when you say outline, you mean it's more than just “you need to know the difference between a qualified and an unqualified report” right….. It does tell you more than that… right?

    *New York*
    AUD 74, 88! 04/02/12
    BEC 75! 08/30/12
    FAR 68, 73, 83! 10/27/12
    REG 80! 11/24/12

    DONE!!!

    "Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice.” - Wayne Dyer

    #305116
    Zaiitz3
    Participant

    @nailcpa, so far, from what I've encountered (and someone can correct me if I'm wrong), ISA requires management to take more responsibility than US GAAS does on a general basis within the reporting of their financial statements. An example of this is that ISA's state that management must assess and assert the entity's own going concern, and the auditor must assess MANAGEMENT's assessment. US GAAS requires the auditor to assess the going concern of the entity. Additionally, within reporting, there is also a requirement that management must report to the auditor about its future plans (ISA). I feel like even though I have the updated information, I get only bits and pieces of the ISA's and the convergence that is planned.

    *New York*
    AUD 74, 88! 04/02/12
    BEC 75! 08/30/12
    FAR 68, 73, 83! 10/27/12
    REG 80! 11/24/12

    DONE!!!

    "Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice.” - Wayne Dyer

    #305117
    jeff
    Keymaster

    Here you go … free audit sample: https://www.another71.com/cpa-exam-study-plan/

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

    #305118
    Zaiitz3
    Participant

    They are rather comprehensive! Go you!

    *New York*
    AUD 74, 88! 04/02/12
    BEC 75! 08/30/12
    FAR 68, 73, 83! 10/27/12
    REG 80! 11/24/12

    DONE!!!

    "Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice.” - Wayne Dyer

Viewing 7 replies - 1 through 7 (of 7 total)
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