| Posted: 21 Dec 2011 at 18:02 | IP Logged
|
|
|
Thank You Camatso for sharing the new content
BEC:
B4 - Appendix IT Fundamentals: already covered in 2011 text book.
However, in 2012 the text book covers significant addition on Pg # 7 to 11 (2012 text book)
i. Transaction Cycles (Revenue Cycle, Expenditure Cycle, HR-Payroll Cycle and Financing Cycle)
ii. Data Processing Cycles (Data Input, Data Storage, Data Processing and Information Output)
And there are very significant changes under topic "IT Control Objectives"
addition of text on Pg # 23 to 27 (2012 text book)..... for example
introduction of seven information criteria with nemonic "ICE RACE" and
four domains of COBIT framework "PO AI DS ME" !!!
AUD:
A4 - Appendix II: Control Procedure and Test of controls
It is significant as it
gives the crux/summary of testing controls for Sales, Cash Receipts,
Purchases, Payables & Cash Disbursement - Good for revision!!!
A3 - Subtopic 5: Understanding the entity and its environment..... important addition of text "assessing the risk of material misstatement"
REG: R8: There is an addition of topic "Dodd-Frank Act of 2010"
(pg # 66 to 69 text book 2012). And everything remain same..... however to be
on safer side just need to review the current threshold limits in
certain areas of regulation.
FAR: There is an addition of Appendix I (Other Inventory Cost Flow assumptions) in chapter 4. We need to get update on FAR in certain areas which were not available in 2011...... for example:
Updated Passmaster Questions (PDF) with the answers and explanations for SFAC #8? - From Chapter 1 for the following questions:
CPA-00001, CPA-00004,
CPA-00007, CPA-00014, CPA-00015, CPA-00022, CPA-05197, CPA-05652,
CPA-05907, CPA-06060, CPA-06061, CPA-06591. (these questions are
bothering a lot as there is no clarification on SFAC #8 in 2011)
|
Active Topics 
Memberlist 
Search 
Help
Register 
Login
Topic: FAR Becker 2011vs. 2012
Topic Closed)
