Becker – Standards on Standards for Attestation Engagements

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  • #162023
    hopefulcpa06
    Member

    I’m having THE hardest time with SSAE explained in A2 of Becker. Anyone have any tips?

Viewing 6 replies - 1 through 6 (of 6 total)
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  • #301237
    Peanut
    Participant

    Do you have the Becker flash cards? They're really good with helping on that section! I don't really have any tips :/ For attestation engagements I'm trying to remember:

    SSAE: DO NOT APPLY TO: Audits, Compilation/Reviews, tax return

    **Provides level of assurance below that of a GAAS audit

    Examination=Positive assurance

    Review= Negative Assurance

    Agreed-Upon Procedures=No assurance.. RESTRICTED USE

    **Note that internal control field work standard is omitted.

    ** Restrict use:When criteria appropriate to a limited # of parties, reporting on subject matter & written assertion has NOT been provided.

    These aren't really tips so I don't know if they will help, but I notice while going through MCQs these were the more important attributes. I take AUD tomorrow and I'm really nervous 🙁

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #301238
    Yvonne570
    Member

    Another important thing to remember is…when they do apply? The test might hit you with questions that detail the services then want you to identify which standards pertain. The key fact that stuck with me was.

    Other services that does not pertain to non-historical financial statements. Wow, because this is different than a review, audit or compilation.

    AUD - Passed:)
    FAR - Passed:)
    REG - Retake TBD
    BEC - Missed by 3 points Retake TBD

    #301239
    hopefulcpa06
    Member

    Thank you so much both of you!! I got those bullets points down…I'm just nervous about the structure of the report. Even though we aren't required to write them anymore, there could be a sim where I'm asked to select what goes in intro, middle, and end paragraph. I can do that for unqualified, qualified, adverse, disclaimer, OCBOA, but bit nervous for attestations.

    Good Luck, Peanut! I hope it goes well. Please let me know how it goes and if you have any tip afterwards:)

    @Yvonne, how was your exam? I hope it went well!! Any tips?:)

    #301240
    Yvonne570
    Member

    I was completely confused since I never worked in the field. Reading the materials did nothing for me. It was actually typing the reports on a word document that really helped. I'm more hands on. In addition, it's extremely important to understand the scope of each service.

    The test was really tough, I admit; however, the first testlet was so easy, I had down 100%. Then the 2nd one presented many more – only 50% confident. The Sims were very difficult – only 50% confident because they included other non-audit items – and lol, I was focusing on auditing:)

    All, in all, the review materials are great but i'm hands on. So type away – use the Becker book to find the examples. I would also tear out the pre 6/30/11 materials – which threw me for a complete loop.

    AUD - Passed:)
    FAR - Passed:)
    REG - Retake TBD
    BEC - Missed by 3 points Retake TBD

    #301241
    hopefulcpa06
    Member

    Thank you!! And it's a good sign that test-lets got harder..def. a good sign:)

    I've been typing notes on word as well…it helps, but I guess just gotta keep trying.

    Can you tell me what sims were like without disclosing too much information? Good Luck!!

    #301242
    Yvonne570
    Member

    They were similar to the Becker sims; however, I believe they were much harder. Perhaps, because they had my test level at a difficult level. Not sure. Some of the sims I got down – thanks to the Becker sims – so definetly practice those. I have a feeling the questions are different for each candidate. Seems like the testing method is down to a science to have everyone confused. LOL.

    AUD - Passed:)
    FAR - Passed:)
    REG - Retake TBD
    BEC - Missed by 3 points Retake TBD

Viewing 6 replies - 1 through 6 (of 6 total)
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