AUD Sparring #13 – Substantive Procedures

CPA Tutor
CPA Tutor

Live AUD CPA Exam Tutoring: Tuesday, August 18, 2020 – 7pm Central

CPA Tutor: NINJA Mike

CPA Tutoring Topic: AUD – Substantive Procedures (Different Operating Cycles)

Signup: NINJA CPA Review


What is NINJA Sparring?


NINJA Sparring is the CPA Exam Tutoring service offered through NINJA Monthly.

The weekly live sessions are done via Zoom and all NINJA Monthly members can attend and ask questions.

We run four sparring sessions a week with the following schedule:

  • Monday – FAR
  • Tuesday – AUD
  • Wednesday – REG
  • Thursday – BEC

Most sessions include an accompanying Excel worksheet.

Replays are available the following day.

These sparring sessions are so helpful. I have a confession, at first I thought “Sparring” meant it was like a knowledge competition on the topic, so I avoided it like the plague. Still laughing at myself.

– Vanessa

Here are some full replays for you demo:


FAR Sparring: Statement of Cash Flows


These sparring sessions are awesome and much better than the live sessions I have with my primary study package.”

– Laurel

FAR Sparring Library (35+ Hours)
1. Statement of Cash Flows - Overview (1:11)
2. Business Combinations - Elimination Entries (1:33)
3. Pension Accounting - Overview (1:40)
4. Income Taxes - Overview (1:32)
5. AICPA-Released FAR Simulations (1:12)
6. Bonds - Overview (2:09)
7. Financial Reporting - Income Statement, OCI, Revenue Recognition & Balance Sheet (2:03)
8. Financial Reporting - Notes, Error Correction, Accruals & Deferrals, & Fair Value (2:00)
9. Financial Reporting - Earnings Per Share & Statement of Changes in Equity (2:07)
10. Leases - Short-Term Lease & Finance Lease (Lessee) (2:02)
11. Leases - Finance Lease (Lessor) (1:15)
12. Leases - Operating Lease and Sale-Lease Back (1:48)
13. Governmental Accounting - Fund Types (1:38)
14. Governmental Accounting - Modified Accrual Accounting (1:37)
15. Governmental Accounting - Practice Questions (1:37)
16. Governmental Accounting - Governmentwide Financial Statements and Fund Financial Statements (1:34)
17. Governmental Accounting - Practice Questions (1:36)
18. NFP Accounting (1:30)
19. NFP Accounting (2:04)
20. Current Assets - Accounts Receivable (1:57)
21. Current Assets - Cash, Notes Receivable & Transfers and Servicing of Financial Assets (1:47)
➡️ Start Access

REG Sparring: Property Taxation


“Wanted to give a shout out to the sparring sessions. They are VERY helpful. I usually can’t get to them live but really find value in the replays.”

– Cory

REG Sparring Library (28+ Hours)
1. Individual Taxation (1:02)
2. Property Taxation (1:27)
3. C-Corporation Tax- Formation, Income, & Deductions (1:43)
4. C-Corporation Tax - Reconciliation, Distributions, & Liquidations (1:42)
5. S-Corporation Tax (1:35)
6. Individual Taxation - Filing Status & Gross Income (2:03)
7. Individual Taxation - Adjustments & Deductions (2:03)
8. Individual Taxation - QBI & Tax Credits (1:48)
9. Individual Taxation - AMT & Other Taxes (1:22)
10. Property Taxation (1:50)
11. Property Taxation (1:39)
12. Partnerships (1:50)
13. Gift & Estate Tax (1:29)
14. Trusts and Tax Exempt Organizations (1:41)
15. Taxation Process - Federal Taxation - Legislation Process & Appeals (1:05)
16. Taxation Process - Taxpayer Penalties, Refunds, Assesments, & Tax Positions(1:13)
17. Securities Regulations - Federal Secuities Regulation - 1933 & 1934 Acts (1:11)
18. Professional & Legal Responsibilities - Accountant Liabilities (:58)
19. Professional & Legal Responsibilities - Tax Liabilities (:55)
➡️ Start Access

AUD Sparring: Substantive Procedures


I love the sparring lectures. He is great at explaining & I love how he lays out the detail in the spreadsheets.”

– Karina

AUD Sparring Library (28+ Hours)
1. Internal Control (1:02)
2. Substantive Procedures (1:37)
3. Audit Sampling (1:47)
4. Audit Reports (1:37)
5. Audit Planning (1:55)
6. Professional Responsibilities - AICPA Code of Professional Conduct (1:46)
7. Professional Responsibilities - Sarbanes Oxley Act, PCAOB, SEC, DOL, & GAO Requirements (1:03)
8. Internal Control - Internal Controls & Auditor's Consideration of Internal Controls(1:37)
9. Internal Control - Operating Cycle (Revenue & Accounts Receivable) (:41)
10. Internal Control - Operating Cycle (Expenditure, Payroll, Inventory, Investing, PP&E Financing) (1:35)
11. Internal Control - Reports and Communications on Internal Control (1:38)
12. Substantive Procedures - Audit Evidence, Management Assertions & Substantive Procedures (1:58)
13. Substantive Procedures - Substantive Procedures for Different Operating Cycles (1:46)
14. Substantive Procedures - Opening Balances, Non-Compliances, Related Party Transactions, Litigations Claims and Assesments (1:30)
15. Substantive Procedures - Estimates and Fair Values, Subsequent Events, Omitted Procedures and Subsequent Discovery of Facts(1:29)
16. Substantive Procedures - Using the Work of Others, Audit Evidence and Audit Documentation (1:01)
17. Substantive Procedures - Audit Reports for Non-Issuers: Unmodified Opinion, EOM Para, Other Matter Paragraph (1:25)
18. Substantive Procedures - Audit Reports for Non-Issuers: Qualified, Adverse, Lack of Consistency, Going Concern, and Uncertainty (1:33)
19. Substantive Procedures (1:07)
➡️ Start Access

BEC Sparring: Cost Accounting


“Just a plug for the sparring sessions – and for joining in live!  Last week I just watched the re-run, but this week was able to get in on the live session.  It is SO worth the time.

– Jean K

BEC Sparring Library (32+ Hours)
1. Cost Accounting (:58)
2. Financial Management - Financial Valuation (1:44)
3. Financial Management - Planning & Forecasting (2:00)
4. Financial Management - Financial Risk Management (1:50)
5. Economics - Microeconomics (1:46)
6. Economics - Macroeconomics (2:07)
7. Economics - Market Competition (1:33)
8. Corporate Governance (1:52)
9. Corporate Governance - Internal Controls & ERM (1:53)
10. Cost Accounting - Overhead, Process Costing, Job-Order Costing, & Activity Based Costing (2:05)
11. Cost Accounting - Variance Analysis (2:17)
12. Cost Accounting - Joint-Product & By-Product Costing, Break-Even Analysis, Pricing and Other Costing Methods (2:05)
13. Financial Management - Cost of Capital & Capital Budgeting (1:33)
14. Financial Management - Working Capital Management (1:57)
15. Financial Management - Financing Decisions, Leverage & Business Valuation (:42)
16. Strategic Planning - Planning, Budgeting & Forecasting (2:00)
17. Financial Risk Management - Concepts (:46)
18. Financial Risk Management - Questions (1:08)
19. Performance Measures (1:17)
20. Information Technology (:56)
➡️ Start Access

How much does NINJA Sparring cost?


While CPA Exam tutoring typically costs $100+/hour, NINJA Sparring sessions are included as part of the $67/month NINJA Monthly package.

Checkout the full library of sparring replays and get ready for the next live session.

Sign up here.


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