[Anonymous]

Am I screwed?

[Anonymous]

Yes, between that and you not knowing the OID Bond question I do believe its over for you. I am very sorry.

[Anonymous]

I'm screwed too. I have no idea what kind of questions they will ask on this since there are no practice questions to work with. Even Gleim doesn't have any. They only have a few on Multi-Jurisdiction, but nothing on Dodd Frank. i did read over it a couple of times, but have no idea how to tackle an MCQ on this since I wasn't able to practice. Ahhhhh! I'm freakin' out!!!

[Peanut]

The only time I ever saw anything about Dodd-Frank was in the Ninja notes. I never saw anything in Becker's material or Wiley's and I took REG 3 times. Is it new that they will be testing this more? If not you have absolutely nothing to worry about….

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

[jokami]

I don't know what the hell you are talking about… and I am taking this test on Tuesday!!!!!

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[Anonymous]

I can imagine getting tons of questions on topics such as this. This exam is just so detailed and nitpicky.

[Peanut]

@jokami, don't sweat.. I'm pretty sure that was something that used to be tested and is not any more. Correct me if I'm wrong. It was not in any of my review materials..you will be fine!! You got this!

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

[Anonymous]

I think it is something new that they started in mid 2011. Becker posted an online update for it:

Created with Compare Ninja

[jokami]

Peanut

I really hope you get the easiest AUD test possible and if not… That everything asked in the test, you know it… Looking at your test “resume” it is pretty amazing that you kept on it and are just a test away to become a CPA. I will praying for you tonight!

B - 62, 70, 72, 79!!!
A - 68, 81
R - 70, 82
F - 84

"The limit to your abilities is where you place them" - Fortune Cookies

[Anonymous]

Dodd-Frank was enacted in 2010. CPAExcel has a small chapter/lecture on it.

Briefly it had 5 major goals:

1. Limit risk posed by existing financial institutions by creating the FSOC (Financial Stability Oversight Council)

2. Volcker Rule – places limits on proprietary trading by banks and their support of hedge funds

3. Required increased transparency in OTC markets

4. Requies SEC registration of hedge funds

5. Created CFPB (Consumer Financial Protection Bureau) to consilidate federal requirements of financial services in order to protect consumers from fraudulent & predatory practices.

It also created a rewards system for whistleblowers and authorizes the PCAOB to regulate accountants who audit non-public broker-deals (thanks Bernie Madoff).

Maybe this info will help if you happen to get a question!

I'm taking REG in 25 hours…good luck to all!

[Anonymous]

Which section was this supposed to be on? I have not seen it yet in Wiley Test Bank, or CPAReviewforfree.

[Anonymous]

it is supposed to be on REG

[Anonymous]

Please do not read Dodd-Frank! It is a couple thousand pages of dense and complex and not entirely internally consistent statutory language. Read this instead:

https://www.mofo.com/files/Uploads/Images/SummaryDoddFrankAct.pdf (just the section intros, unless you find this fascinating)

https://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Documents/dodd-frank-accounting-implications.pdf

[katiekanton]

Bob took it yesterday. The fact that he doesn't know what we're talking about makes me wonder if it's worth the precious time I would spend on it.

AUD - 88
FAR - 90
REG - 85
BEC - 88

[Anonymous]

I didn't see Frank Dodd on REG. Maybe I got lucky.

[nolifecpa]

i took REG yesterday, i wouldn't worry about it

REG-65,71,74,73,70,74,79
BEC-60's,60's,69,71,76*,78
FAR-67,66,65,79
AUD-54,60's,65,83*,69,80
*expired

DONE

[Author]

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