[barelystayingsane]

I’m working a Becker sim regarding communication of control deficiencies, and it just says “Harper, CPA, is auditing the financial statements of Lampworks Co.” No other information. Does that mean that it’s just a financial statement audit of a nonissuer? Would the AICPA say “performing an integrated audit of an issuer/nonissuer” if it was actually an integrated audit or not necessarily? Just trying to gauge how we would distinguish between the two on the actual exam.

Thanks!

[Gatorbates]

Took AUD a week ago today, and without giving too much, they were very precise in determining whether it was an issuer or non-issuer, so I wouldn't be concerned about it. Just my 2 cents.

Licensed Florida CPA:
B: 71, 73, 79
A: 83
R: 78 (expired), 77
F: 74, 74, 80

It's finally freaking over.

[barelystayingsane]

Perfect! Thank you! I've trained myself to think “audit of a nonissuer without an examination of internal controls” whenever I see “financial statement audit” on a Becker question, but I still think that just saying financial statement audit is somewhat vague. I won't worry about it for the exam. Thank you!

[W_HAMILTON]

I was confused by that same Becker simulation..

REG - 93 (7/30/13)
BEC - 90 (8/19/13)
AUD - 98 (8/31/13)
FAR - 84 (10/19/13)

[Author]

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