AUD Study Group Q2 2015 - Page 40

  • Creator
    Topic
  • #192520
    jeff
    Keymaster

    Welcome to the Q2 2015 CPA Exam Study Group for AUD.

    World Premier: “Unmodified” (Audit Reports Rap Video) 🙂

    Posted by Another71 on Thursday, November 13, 2014

    Free NINJA: https://www.another71.com/cpa-exam-study-plan/

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
Viewing 15 replies - 586 through 600 (of 1,631 total)
  • Author
    Replies
  • #668935
    Anonymous
    Inactive

    Hey Wannabe_CPA

    I see you passed REG too with NJRU !! Best of luck in AUD your last CPA exam. Will be rooting for you.

    #668937
    se7en.14
    Participant

    Becker pg A3 -19 & 20

    in F/S statement assertions,whats the diff between mnemonic COVER U and CEO APPROVD?

    CEO APPROVD is PCAOB,..COVER U is not?

    Can someone let me know?

    thanks in adv. 😀

    .
    #668938
    WANNABE_CPA
    Member

    @kenada… Thank you for stopping by and wishing me. Yes i am glad, i am at “one more to go stage”. Taking it soon, though not so confident right now, but i believe i will get there and hopefully be done this window. 🙂

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    #668939
    Anonymous
    Inactive

    You can do it. Just remember AUD is very wordy and one word in the answer can make it the better choice. Its all about reading carefully and practicing over and over again.

    i also found it helpful to listen to the Ninja Audio in the car etc, when you hear Jeff over and over again. It will sit in your brain and really helps you remember the important details.

    #668940
    WANNABE_CPA
    Member

    @kenada, i do get some of them wrong just because of that one silly word, lol. I am testing really early on 1st april, i wanted to give myself just enough time. I am trying to get hold of the unending details, wish i do enough practice, which right now seems less doable. I read someone said, just gulp up and vomit audit in the exam. I don't have ninja audio, though i am going start ninja mcqs tomorrow, hope i can do some 700 until the exam.

    Thanks for your tips, always welcome, i remember how we conquered FAR together, it was an awesome group 🙂

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    #668941
    CPA_Focused
    Participant

    Taking auditing in May 2015!!!!!!!!!!!!! Going through an entire Auditing text then starting becker, I think I need a good foundation before using my review material.

    #668942
    CPA2B_NJ
    Member

    @CPA_Focused_2015 – I was thinking the same thing! I went through the entire Becker Textbook once and I feel like I didn't learn anything, which means I have a very weak foundation from my college Audit class. I'm so glad I'm not the only one that feels this way. Audit is kicking me in the face right now.

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #668943
    CPA2B_NJ
    Member

    I wonder which CPA Review course teachs Audit assuming you need to learn/re-learn everything and build up your foundation. Becker assumes you know a lot….maybe I'm the only one who feels this way.

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #668944
    AJG38
    Participant

    @cpa2b_nj……I've used Gleim, and could have used Becker for free, and prefer Gleim. I prefer the more extensive breakdown Gleim uses to go through each section.

    AUD - 91
    BEC - 87
    FAR - 82
    REG - 81
    All passed in Q2 and Q3 2015
    Licensed since September 2016

    AUD - 91 (4/7/2015)
    BEC - 88 (4/29/2015)
    FAR - 80 (5/29/2015)
    REG - 70 (8/18/2015); 82 (11/08/2015)

    Gleim & Ninja Flashcards

    #668945
    ladybossxo
    Participant

    @CPA: You should definitely get the Wiley textbook!! It is totally worth it!! It explains everything in details.

    CPA Exams Done.

    #668946
    trish_1234
    Member

    Which of the following services may a CPA perform in carrying out a consulting service for a client?

    Analysis of the client’s accounting system

    Review of the client’s prepared business plan

    Preparation of information for obtaining financing

    A. I, II, and III.

    B. II and III only.

    C. I and III only.

    D. I and II only.

    AUD 69, 92 7/15 Gleim and Ninja test bank
    FAR sometime in 10/15 Gleim
    BEC not taken
    REG not taken

    #668947
    WANNABE_CPA
    Member

    A?

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    #668948
    CPA2B_NJ
    Member

    @Ajg38 and @ladybossxo – Thanks so much for the ideas.

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #668949
    trish_1234
    Member

    A. I, II, and III.

    Answer (A) is correct.

    Each of the three services may be performed as a consulting service. AICPA standards describe (1) analysis of an accounting system as an advisory service, (2) review of a client’s prepared business plan as a consultation, and (3) preparation of information for obtaining financing as a transaction service. Other possible services are implementation services, staff and other support services, and product services.

    AUD 69, 92 7/15 Gleim and Ninja test bank
    FAR sometime in 10/15 Gleim
    BEC not taken
    REG not taken

    #668950
    ladybossxo
    Participant

    The auditor discovered an unusually large receivable from one of the entity's new customers. The auditor suspects that the receivable may be fictitious because the auditor has never heard of the customer and because the auditor's initial attempt to confirm the receivable has been ignored by the customer. (Select 2 procedures)

    List of Auditing Procedures

    A. Send requests to confirm the entity’s accounts receivable on a surprise basis at an interim date

    B. Examine the supporting purchase orders and receiving reports for selected paid vouchers

    C. Examine the entity’s shipping documents to verify that the merchandise that produced the receivable was actually sent to the customer

    D. Compare the details of the cash receipts journal entries with the details of the corresponding daily deposit slips

    E. Send a second request for confirmation of the receivable to the customer and make inquiries of a reputable credit agency concerning the customer’s creditworthiness

    F. Inspect the entity’s correspondence files for indications of customer disputes for evidence that certain shipments were on consignment

    CPA Exams Done.

Viewing 15 replies - 586 through 600 (of 1,631 total)
  • You must be logged in to reply to this topic.