BEC COSO change

  • Creator
    Topic
  • #1740302
    j3cpa
    Participant

    Internal controls CRIME are changed into something else per the 2017 executive document. I understand that this is being tested in Q2. Anybody has any idea how we should study for this?

    The components and principals are no longer aligned with my current materials.

    I did it. You can too!

    Study Material:
    GLEIM
    BEC - FEB/2012
    AUD - FEB/2012
    FAR - JULY/2012
    REG - JULY/2012

Viewing 15 replies - 1 through 15 (of 20 total)
  • Author
    Replies
  • #1740813
    Allsheneededwassome
    Participant

    I don't but I'd love to know the changes. Are you referring to the AICPA blueprint when you say 2017 executive doc?

    R 80(E)75!

    F 66,69,70,81!

    A 71,66,70,72,83!

    B 75(E),82!

    Ethics 95

    #1740866
    rencpa
    Participant

    Just made a post about it as well.

    According to Becker customer service there is NO updates to BEC for Q2 (means the same material is tested for Q2 as was for Q1). I was told that the next update is going to be in May for Q3.

    I am completely confused because I know COSO ERM released updates in September 2017. This means they should be tested starting from April 1, 2018. BUT Becker said, they are not tested from April, but from July.

    E-mailed Becker Academic Support. Hope to get some clarification about it.

    Which materials are you using?

    "Self-trust is the first secret of success" -- Ralph Waldo Emerson
    #1741164
    j3cpa
    Participant

    @allshenee: COSO ERM EXECUTIVE summary for 2017 is what I searched on google. You will see that the components and it’s principles are different then then 2013 update. It’s a concern because IT and IC seem to be a big chunk for BEC but my materials aren’t updated.

    @rencpa: I am using ROGERCPA and his update section indicate that this is effective April 2018 Q2. I’m also using ninja as supplement but I don’t see any changes there either.

    I did it. You can too!

    Study Material:
    GLEIM
    BEC - FEB/2012
    AUD - FEB/2012
    FAR - JULY/2012
    REG - JULY/2012

    #1741281
    rencpa
    Participant

    @j3cpa Thank you. You ARE correct. There is COSO update (testing from April 2)

    I received a reply from Becker. Was told, “The updates for the BEC textbook related to these topics is currently available. Click the envelope in the upper right of your software, then click Welcome, from there you should be able to click on Business Course Updates and print the updated pages.” So I was told incorrectly by the customer service when I called the first time today!

    For Becker: 3 pages update for Module 1 (ch 1) and 13 pages update for Module 2 (ch 1).

    However, Becker does not plan to make any updates to the software until May. Please do not hold me on this because the woman who told me this was the same person who told me, “there is NO updates for Q2”.

    Need to admit, this is very unprofessional! COSO is extremely tested on the BEC exam. Leaving us with no updated questions, is not the right way! I planned to test as soon as possible in April. Now, I am not sure what to do.

    "Self-trust is the first secret of success" -- Ralph Waldo Emerson
    #1741748
    Jen-J
    Participant

    I was wondering about this, since Becker is still on 3.0 for BEC but I knew there were changes to the rules. There's 16 pages available that they're calling 3.1 (there is no 3.1 book yet). It's 3 additional pages for B1M1 and an entirely new B1M2. I can't believe they didn't send out an email on this – if they did I totally missed it. I should not be finding this stuff out from here, that's for sure. I'm only just now finished with B1 (since I don't test until May), so I'll loop back. But that's stressful for people testing soon…

    AUD: 87

    BEC: 90

    FAR: 93

    REG: 84

    CPA license issued September 2018

    #1741770
    j3cpa
    Participant

    I’m testing 4/13 and I won’t find out my score till June 26. This is another factor that drive me insane about this whole process!

    I did it. You can too!

    Study Material:
    GLEIM
    BEC - FEB/2012
    AUD - FEB/2012
    FAR - JULY/2012
    REG - JULY/2012

    #1741908
    rencpa
    Participant

    @Jen J Becker will make an upgrade in May, so you should be fine. I still haven't decided to when take the exam.



    @j3cpa
    I am sure Roger & Ninja will get the right material soon.

    My suggestion… study something different this week. Eliminate the stress, use the energy efficiently. Give some more time for an update. At least this is what I decided to do today.

    "Self-trust is the first secret of success" -- Ralph Waldo Emerson
    #1742063
    Jen-J
    Participant

    @rencpa – my exam is 5/5 so I will be either in Final Review or done by the time they do the upgrade. Will be working my way through the pages tomorrow.

    AUD: 87

    BEC: 90

    FAR: 93

    REG: 84

    CPA license issued September 2018

    #1742238
    Allsheneededwassome
    Participant

    Thank you j3cpa and @rencpa both for looking into this. Guess I’ll be downloading the updated pages from Becker. Just started studying for BEC again after losing credit 1.5 yrs later.

    R 80(E)75!

    F 66,69,70,81!

    A 71,66,70,72,83!

    B 75(E),82!

    Ethics 95

    #1742255
    j3cpa
    Participant

    I emailed ROGER. Hopefully I get some answer soon. There’s no update on his end at all. This sucks.

    I did it. You can too!

    Study Material:
    GLEIM
    BEC - FEB/2012
    AUD - FEB/2012
    FAR - JULY/2012
    REG - JULY/2012

    #1743909
    rencpa
    Participant

    I question why it takes everyone to update the material accordingly. Everyone knows about upcoming updates 6 months in advance.

    Like I said, study anything else. Let them know we need the material NOW, not in May or June!!

    "Self-trust is the first secret of success" -- Ralph Waldo Emerson
    #1743921
    Allsheneededwassome
    Participant

    I will be back at studying for BEC with you guys after I retake AUD in a few days. Found out I got 70 this morning so planning reretake for early April. I plan on taking BEC in May.

    R 80(E)75!

    F 66,69,70,81!

    A 71,66,70,72,83!

    B 75(E),82!

    Ethics 95

    #1744092
    Lara
    Participant

    It is confirm from the AICPA’s summary of revision to the 2018 Blueprints that the COSO ERM framework is eligible for testing beginning April 2018.

    https://www.aicpa.org/content/dam/aicpa/becomeacpa/cpaexam/examinationcontent/downloadabledocuments/summary-of-changes-to-exam-blueprints-effective-july-2018.pdf

    I will survive!

    AUD - 79
    BEC - 89
    FAR - 97
    REG - 82

    #1744937
    j3cpa
    Participant

    I asked ROGER REVIEW about the new update on ERM COSO 2017 in regards to their materials. ROGER team got back to me and this is what they wrote:

    ?MODERATOR 7
    11:24 AM 21 Mar 2018
    Hello!

    Great research! The changes are most likely in the textbook or in the textbook updates.

    Here is a good resource. Here is the executive summary of the new framework.

    Happy studying!
    The Roger CPA Review Team”

    What the…. So apparently I guess their materials are no updated ….and i'm out of luck. Anybody want to help me out.

    I did it. You can too!

    Study Material:
    GLEIM
    BEC - FEB/2012
    AUD - FEB/2012
    FAR - JULY/2012
    REG - JULY/2012

    #1744971
    Operation_CPA
    Participant

    I've been studying for the past few weeks and was not aware of these changes, yet they are testable in 2Q?? Apologies if this has been asked already, but is there a summary in Becker somewhere?

    Thanks.

    EDIT: Never mind, I see it was posted above. I will check this out! Thanks to this forum for the updates.

    FAR - 76 (Lost credit), 76
    AUD - 80
    BEC - 76
    REG - 75

    Truly I tell you, if you have faith as small as a mustard seed, you can say to this mountain, "Move from here to there," and it will move. Nothing will be impossible for you.

Viewing 15 replies - 1 through 15 (of 20 total)
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