[Anonymous]

Becker Question –

“The reporting standard under GAGAS augment the standards associated with reports on audited financial statements in several ways including a requirement that the auditor specifically mention adherence to GAGAS. These standards do not, however, change or modify GAAS reporting responsibilities.”

So they’re saying that it augments the reporting standards but doesn’t change the reporting? WTF!

[Myredstapler]

GAGAS and GAAS are not the same.

[Monkey Wrench]

GAGAS is GAAS + more.

GAGAS is more strict than GAAS.

[thelonewolf527]

I was annoyed by this question too, mostly because of how they worded it. Saying “modified” the responsibilities means they're different and since there's more, that should imply modification.

On the other hand, it's not as bad as the Becker questions that are legitimately not even found in the book, yet they'll take you to a page in the Ebook for the explanation that has nothing to do with the question.

AUD - 08/04/14 - 83
FAR - 11/29/14 - 80
REG - 02/26/15 - 89
BEC - 05/30/15 - 86

DONE!

[Anonymous]

My personal favorite in Becker is in FAR, when they don't tell you how to calculate bonuses, Tim Gearty just tells you to plug the answers they've given you and figure out what works. Calculating bonuses isn't even hard lol.

[Author]

Replies