Daily Archives: May 30, 2018


Auditing and Attestation (AUD) AUD-1. Which of the following statements is correct concerning both an engagement to compile and an engagement to review a nonissuer’s financial statements? A. The accountant expresses no assurance on the financial statements. B. The accountant should obtain a written management representation letter. C. The accountant need not obtain an understanding of internal control. D. The accountant must be independent in fact and appearance. AUD-2. A compilation of financial statements in accordance with Statements on Standards for Accounting and Review Services is limited to presenting A. Accounting data that conforms with a special purpose framework other than GAAP. B. Unaudited financial statements that omit substantially all required GAAP disclosures. C. Information in the form of financial statements that is the representation of management. D. Supplementary financial information that has been subjected to inquiry and analytical procedures. AUD-3. According to rules issued under the Sarbanes-Oxley Act, which […]

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Dear CPA Candidate, As you’re reading this today, you likely find yourself in one of two camps: Camp #1: You’re ditching your CPA Review course (maybe it expired, or maybe you’re just simply “over” it) and going a different route. Camp #2: You have a full CPA Review course and want to supplement it with different materials. The average CPA Candidate fails at least two sections (per NASBA), so it’s a safe assumption that the majority of CPA Exam takers are somewhat frustrated with: 1. Their expensive CPA Review course 2. Their study habits …or a mix of both. This post, while somewhat long, (stick with it) will solve both of these problems for you – even if you never spend a penny on NINJA Materials. This methodology works with ANY CPA Review Course (and it has a 10 year track record to prove it). I get these questions all […]

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It starts out so quiet, so innocent. It’s Monday January 6th and you settle into your chair. Tax season eh? Maybe this year won’t be so bad after all. But you’re wrong. It’s worse. January … then February … then March … 6 days a week … and then 7 days a week … … and then finally 8 days a week as it crescendos into a three-hole-punched-sign-here-sticker-zombie-utopia where you’re willing to slam day-old Folgers just to stay awake. Every Day is the Same. Every Day Sucks. At least you’re getting overtime. But wait – there’s more. You wanted to start the year off with a bang, so you back in December, you scheduled Financial Accounting and Reporting for April 21. No Rest for the Weary. How to Study for the CPA Exam 20 Hours a Week During Busy Season. To fit it in work, family/friends, sanity, and studying 20 […]


Working mothers are in a category all their own when it comes to passing the CPA exam. We not only strive to balance work and family, but when you throw the CPA Exam in the mix, you’re going down a road only few can fathom. We are the rock of the family. We provide financial support, comfort, nutrition, stability, refereeing, homework checks, matching socks, boo-boo kisses, clean toilets, chauffeur service, etc. We give everything our absolute all and no one notices when we skip a beat because we are that good. That’s why it was so difficult for me to accept I could not reach my unattainable level of perfection while I tried to pass the CPA exam. Something had to give. For instance, I had a semi-decorated house at Christmas and at another time, I was 3 points shy of passing this exam. Being successful at it all is […]

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When are the CPA Exam Scores released? Good question. The AICPA and NASBA have made some changes to the score release cycle over the past few years, but now that the AICPA Blueprints and the New CPA Exam is in place, it should be fairly predictable from here on out. (and we accountants like predictability…) Here are the 2019 CPA Exam Score Release dates so that you can plan your CPA Exam schedule. (2018 Score Release dates listed below – along with some free downloads) 2019 CPA Exam Score Release Dates January 1 – March 10, 2019 Exams Score Release Dates: February 5 February 26 March 8 March 19 April 1 – June 10, 2019 Exams Score Release Dates: May 7 May 23 June 11 June 19 July 1 – September 10, 2019 Exams Score Release Dates: August 6 August 22 September 10 September 19 October 1 – December 10, […]

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It happened: You failed the CPA Exam. On the bright side … You’re normal. It happens to one out of every two people who walk into a Prometric Testing Center. The statistics, however, don’t change the fact that it’s one of the loneliest feelings in the world, because let’s be real: Your friends and family, while sympathetic and supportive, simply don’t get it. Right now is a miserable time and it is easy to start believing thoughts that simply are not true. Thoughts like you’re not smart enough to pass, accounting isn’t for you, the AICPA hates you and does not want you in the profession, etc. I personally felt all those emotions and had those thoughts going through my head as well. A few years removed from the exam process, I can tell you that being on the other side truly is worth it. My problem was always commitment […]

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Jeff Elliott is a licensed CPA (KS) who had a saint for a wife while he was studying for the CPA Exam. They live in fly-over country with 8 children. The CPA Exam is rough on a marriage. One of the most difficult aspects of taking the CPA Exam is the toll it takes on personal relationships. Your family misses you and your friends don’t understand why you’re always “studying.” You work, come home, and then escape to the spare bedroom or coffee shop to knock out three hours of studying after grabbing a quick bite to eat. When I was studying, my wife and I had three kids. A spouse can only take so much loneliness, so you need to make sure that you do your part. Here are some strategies to help keep it all together. If you’re married and studying, you absolutely cannot put your marriage (or […]