[starly]

I’ve been doing Wiley testbank questions and found two similar questions with different answer. I hope someone can solve it for me:

1. Blue asked a CPA to reproduce Blue’s internally prepared interim financial statements when the CPA prepared Blue’s quarterly tax return. The CPA should not submit these financial statements to Blue, unless, as a minimum, Cook complies with the provisions of (The answer is SSARS)

2. An accountant is required to comply with SSARS when:

Compiling financial statements generated through the use computer software (the answer is yes) and/or

Reproducing client-prepared financial statements, without modification, for client (the answer is NO!!!!)

So two different answers for similar questions, can someone explain to why and which one is correct?

Also, another simulation questions (interbank transfer):

Cash Deposit: Date per book: 1/3/2012 Date per bank 12/31/2012

Cash Dispersed: Date per book: 1/3/2012 Date per bank 1/5/2012

The cash appears to be (answer is overstated because the cash deposit is recorded by bank on 12/30, but both disbursement and receipt are not recorded until 1/3, so this may be used to hide a shortage in cash)

It is kind of strange, just because of one possibility, Wiley concluded cash is overstated. What about human error? The company forgot to record it, then cash would be understated. This is another possibility.

Last Question: What score on practice exam will tell me that I will have a good chance of passing AUD?

Thanks.

AUD 97
REG 95
BEC 91
FAR 97