Tell me what I need to know about AUD…

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    Topic
  • #166158
    samores
    Member

    Do I need to know word for word an unqualified opinion audit report or just know the key words/general idea?

    FAR - 79!
    AUD - 79!
    BEC - 5/30/12
    REG - ?

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  • #323286
    jeff
    Keymaster

    I didn't memorize I was fine. You have to know the differences between the reports though.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #323287
    Tebowwwww
    Member

    Know the different reports and what cause them, and also how you would modify your report based on different circumstances. Is the additional paragraph before or after the opinion paragraph, GAAS vs GAAP problems, etc.

    REG (7/7/11) 75
    FAR (7/28/11) 76
    BEC (8/27/11) 81
    AUD (10/15/11, 1/20/12) 63, 91

    DONE!!!

    #323288
    jenuno01
    Member

    The more multiple choice questions you do, the better you'll be at identifying certain wording that is specific of the each report. Don't waste your time memorizing them. I have heard of people re-writing the entire reports multiple times in order to memorize them – waste of time in my opinion.

    Class of 2012

    #323289
    Anonymous
    Inactive

    you need to memorize the unqualified opinion report. VERY IMPORTANT!!

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