Posted: 23 Jul 2010 at 14:47 | IP Logged
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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.
__________________ REG - 91 - Gleim
FAR - 92 - Yaeger/Wiley
BEC - 83 - Yaeger/Wiley
AUD - 96 - Wiley/Gleim CD
Actively Licensed CPA - Michigan
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