[jeff]

Post by Another71.

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

[CPA2B_NJ]

@Tarheelgirl – thanks, the post was very helpful!

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

To God be the glory! Forever, amen!

NJ License

[Natsu]

Hi All, New to the Boards, decided to join because it seems like a fun group and I can use the extra motivation. Just got a 74 on BEC…ouch…. Oh well, got to try again. January 2015 -> Lets go!

[Future Ninja]

did you know that:

Policies and procedures help the employee understand the organization's policies for operation and the procedures that are followed to meet the policies. The policies and procedures include such things as the proper business practices, the purpose of the organization, responsibilities, and definitions.

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

[Future Ninja]

did you know: the correct answer is C.

Under human resources policies and procedures, what is an appropriate policy or procedure for managing employees?

A.

Hire employees based only on the cover page of their resume.

B.

Do not promote employees on merit.

C.

Train top management to enforce sanctions against employees violating policies.

D.

Hire employees based on passing only the background check.

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

[Future Ninja]

did you know that:

Managers must weigh the benefit of reducing loss or inefficiency against the cost of the controls. They should not implement controls without first understanding whether any benefits of implementing these controls outweigh the costs. Although management can solicit recommendations from the internal auditor, it is not a requirement.

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

[Future Ninja]

did you know that:

the control environment of a small- to mid-size entity is strongly influenced by the integrity and ethical behavior of top management.

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

[Future Ninja]

did you know that:

The internal environment encompasses the tone of an organization, influencing the risk consciousness of its people, and is the basis for all other components of enterprise risk management, providing discipline and structure.

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

[Future Ninja]

Who is the person ultimately responsible for enterprise risk management within a company?

A.

The chief financial officer

B.

The managers

C.

Other entity personnel

D.

The chief executive officer

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

[Future Ninja]

did you know that:

A corporation is permitted to enter into a contract for services or goods with a board member (director). This type of a transaction is called a “related-party transaction.” This action could be seen by shareholders as preferential treatment to the director who receives the contract, and it could be interpreted as a lack of due care on the part of the directors in carrying out the corporation's business.

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

[Anonymous]

@Bobcat87 ended up failing REG with a 66. ouch :/

Plan is to stay on track and take BEC January 3rd considering I'm starting B3 of Becker right now (so glad I double majored in finance!)

[Anonymous]

@Bobcat87 Congrats on AUD btw!

[Anonymous]

@Bobcat87 Any REG retake advice you might be willing to offer? 🙂

Sorry guys/girls, don't mean to hijack the thread here (I didn't see a PM function)

[Anonymous]

In a previous thread that I found months ago, I saw Future Ninja doing the “did you know routine” for FAR I believe that was literally like a page long LMFAO. So I started going around my house doing that to my family HAHA

[Anonymous]

@Blackhawks — Thanks on the congrats. With REG, honestly, I think it's about:

a) getting a bit lucky with the SIMs. I've heard horror stories about some of the SIMs in REG as they have a reputation for the worst ones, even over FAR.

b) working MCQs in repetition. People always tend to preach this concept and it's for good reason. Your brain starts to notice fact patterns in the way questions are worded so you're quickly able to interpret what it is you're being asked to do. Clearly you don't have the luxory of this concept w/ SIMs. You can practice them all you want to hone in and sharpen your knowledge on particular concepts but SIMs can be formatted and asked in a million different ways. Thus why SIMs are so difficult and thus why I never practice them.

c) just put in the time. You don't really need any advice. You passed FAR on the first try which is what a lot of people can't say. You have a very high chance of passing next time. Odds are in your favor.

[Anonymous]

@Bobcat87 lol thanks! How is BEC going for you so far? Where are you at in the material?

The only difficulty I've experienced so far has been the variance costing from B2, specifically fixed/variable overhead SEV mnemonic. B3 has been fun so far and B1 felt a lot like a mix of advanced AUD.

[Author]

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