[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Tarheelgirl]

Trying to find a way to remember that, R and R, P and P.

Related – RMM

Party – Properly disclosed

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Must Pass CPA]

Hi,

I am about to have NTS (my status is “ATT ready to send”), AUD will be the first part that I take for CPA exam. I have Becker review material. Anyone has a good study plan for me? Reading the whole textbook seems horrible for me. Please help!!

AUD-SCHEDULED 1/17/15- FIRST TEST
REG-
BEC-
FAR-

[Anonymous]

@Qlad LOL. RMM makes sense because it covers all.

@mariam I'm working full time so I'm active mostly at night. Though I keep checking this site at work. 🙂 Hope you feel better tomorrow.

@Tarheelgirl Thanks for the tip.

Btw, for those who are taking tons of MCQ (and claiming that you are not memorizing them) I would suggest that you do it in study mode (reveals answer right away). But before you click the answer, think of the reason first why you picked the answer. If your reasoning matches the explanation, that means you know the concept. I also claim that I don't memorize the answer but once I see the question that I encountered before, I almost knew the answer right away without even thinking why.

[kappa1032]

An auditor's report would be designated a special report when it is issued in connection with:

A.

interim financial information of a publicly held company that is subject to a limited review.

B.

compliance with aspects of regulatory requirements related to audited financial statements.

C.

application of accounting principles to specified transactions.

D.

limited use prospective financial statements, such as a financial projection.

FAR - 81
REG - 74, 87
AUD - 88
BEC - 88

Finally.

“The only guarantee for failure is to stop trying”
― John C. Maxwell

[Anonymous]

@kappa1032 C?

[kappa1032]

Crap, I had the explanation of the answer copied and then lost it lol.

The answer is B

FAR - 81
REG - 74, 87
AUD - 88
BEC - 88

Finally.

“The only guarantee for failure is to stop trying”
― John C. Maxwell

[Future Ninja]

sorry guys delayed response. caught up with clarified standards. I got 70% first try for this projection and forecast.

when an accountant examines a financial forecast that fails to disclose several assumptions used to prepare the forecast, the accountant should describe the assumptions in the report and issue:

a. adverse opinion

b. unmodified opinion

c. subject to qualified opinion

d. disclaimer opinion

Answer: A ( significant assumptions is very important to disclose)

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Future Ninja]

@Tarheelgirl – thanks for the tip. easy to remember.

Related – RMM

Party – Properly disclosed

AUD - 79 (expired) retaking July 28,2016
FAR - 76 expiring July 31, 2016
BEC - 85
REG - 74,74,74,74,59,70,

[Qlad]

having a real time trouble doing IT…almost every other question is wrong

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Anonymous]

It is one of my weak areas too =/

[Anonymous]

IT isn't all that tough and is supposedly only a small part of the exam.

So mariam, can you explain the revenue cycle when you wake up tomorrow? Lol

Every time I see questions posted here, it makes it clear and clear that I am NOT close to being ready yet. Oh well have two weeks to get it done.

[Tarheelgirl]

In determining the effectiveness of an entity's policies and procedures relating to the existence assertion for payroll transactions, an auditor most likely would inquire about and:

A. observe the segregation of duties concerning personnel responsibilities and payroll disbursement.

B. inspect evidence of accounting for prenumbered payroll checks.

C. recompute the payroll deductions for employee fringe benefits.

D. verify the preparation of the monthly payroll account bank reconciliation.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Anonymous]

A?

[kappa1032]

A?

FAR - 81
REG - 74, 87
AUD - 88
BEC - 88

Finally.

“The only guarantee for failure is to stop trying”
― John C. Maxwell

[Tarheelgirl]

A. In payroll transactions, existence refers to the existence of valid employees being paid for authorized business activity only. Employment and timekeeping are personnel functions. The easiest way to pay a fictitious employee or to pay an employee for unauthorized time is to have no separation between employment/timekeeping duties and the payroll disbursement duty. In determining the effectiveness of an entity's policies and procedures relating to the existence assertion for payroll transactions, an auditor most likely would inquire about and observe the segregation of duties concerning personnel responsibilities and payroll disbursement.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Author]

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