Mgt.'s Justification for OCBOA

  • Creator
    Topic
  • #194783
    shanek327
    Participant

    Where does mgt. need to make their case or using and OCBOA? I got a MCQ and the explanation said they do not need to justify in their mgt. rep letter for a compilation. is this only because it’s a compilation? What about in other services?

    FAR - 75
    AUD - 78
    BEC - 82
    REG - 77

    2 Corinthians 5:21

    Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.

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  • #673611
    shanek327
    Participant

    ?

    FAR - 75
    AUD - 78
    BEC - 82
    REG - 77

    2 Corinthians 5:21

    Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.

    #673612
    cpagal
    Participant

    I don't know the answer or I would gladly help.

    FAR - 08/30/15 - 90
    AUD - 11/12/15 - 92
    REG - 01/19/16 - 82
    BEC - 02/29/16 - 83

    Passed all on 1st attempt using GLEIM (full program) and NINJA (MCQ only)!!!

    Louisiana Licensed CPA

    #673613
    xdesix
    Participant

    I'm pretty sure they do not need to justify why they're using a OCBOA, the auditor does need to disclose though that they are using principles that are not GAAP in the report though.

    AUD: Passed
    BEC: Passed
    REG: Studying

Viewing 3 replies - 1 through 3 (of 3 total)
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