For AUD, are we expected to know how to do financial ratios?

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  • October 31, 2016 at 7:34 pm #1309637
    Porma Fierles
    Participant

    Yeah I blanked on things like current ratio and return of equity.

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  • October 31, 2016 at 7:37 pm #1309646
    Anonymous
    Inactive

    I can't discuss actual exam questions but analytical procedures are part of auditing.

    October 31, 2016 at 7:48 pm #1309660
    Porma Fierles
    Participant

    dang, thanks. Going to have to look at the book again on that one. To my knowledge Becker does not go deep into the mathematical scenarios in analytical procedures

    October 31, 2016 at 8:35 pm #1309694
    Gary
    Participant

    Without giving away anything I saw on the exam…..yes.

    You should definitely know the basic concepts for them.

    AUD 8/18/16
    FAR 11/16
    BEC 1/17
    REG 2/17

    October 31, 2016 at 9:29 pm #1309706
    Porma Fierles
    Participant

    Thanks, will do.

    October 31, 2016 at 11:03 pm #1309730
    Hurricane
    Participant

    Yes, it would be a good idea to know them.

    AUD - 96
    BEC - 88
    FAR - 88
    REG - TBS

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