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Subject Topic: Memorizing Reports (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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smcpa27
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Posted: 16 Jun 2010 at 13:38 | IP Logged  

ILMMM wrote:
I was able to dl the report. You can post your email address. I will send the report to you if muchawaitedCPA doesn't mind. 

smcpa27@yahoo.com
thanks in advance
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Gentaylo
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Posted: 18 Jun 2010 at 17:09 | IP Logged  

Would appreciate a copy of the report.

gentaylor@gmail.com

 



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mastani
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Posted: 21 Jun 2010 at 13:01 | IP Logged  

my email is khushi711@gmail.com.

Any tips and material are appreciated.

 

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bullandre
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Posted: 23 Jul 2010 at 13:58 | IP Logged  

cpaexamscore74 wrote:

Wow, people are really divided between memorizing the reports or not. I'm going to memorize standard report but that's about it. For Compilations and Review reports I use mnemonic.

  • For Compilation: CARD ( remember Compilations are small enough to fit on a small CARD)

Compiled

AICPA

Representation of management

Disclaimer or opion

  • Review-FAMILIAR

Financials statement are being reviewed

AICPA standards

Management representation

Inquiry and analytical procedures

Less in scope than audit

Incapable of opinion

Assurance provided

Refer to GAAP

I hope it helps!



Thank for this.


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Done, passed all on the 1st try

BEC 87
REG 81
AUD 88
FAR 86 Rescheduled to Jan 2011


Brooklyn, NY
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studyfreak
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Posted: 23 Jul 2010 at 14:47 | IP Logged  

I would side with the movement that says to memorize those 3 basic reports.  You should also remember the slight changes to the issuer audit report (PCAOB instead of GAAS, additional IC paragraph), and the slight difference in an issuer review report (10-Q quarterly review).  It then makes it easier to adapt those basic reports to other situations, like qualified opinions, special reports, etc.

The strategy I used was to recite the wording of the reports after I work up each morning of review, and before I went to bed each night, kind of like some of us had to recite the pledge of allegiance every morning during elementary school.  It's not as hard as you think.



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