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Stuck on one question (AUDITING)

Posted on 11/1/11 at 6:51 pm
Posted by LSUBaseballGod82
Baton Rouge, LA
Member since Jan 2005
16425 posts
Posted on 11/1/11 at 6:51 pm
#

Purchase orders and customer invoices are most closely associated with which type of standard in a financial statement audit?
Answer

General.

Field work.

Documentation.

Reporting.
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 11/1/11 at 7:02 pm to
Fieldwork


But I am neck deep in FAR right now......So I could be way wrong.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 11/1/11 at 8:02 pm to
Fieldwork is fun.
Posted by Boh
Baton Rouge
Member since Oct 2009
12357 posts
Posted on 11/2/11 at 11:26 pm to
field work

there are no documentation standards if i recall correctly

tip, piE, acdo
Evidence
This post was edited on 11/2/11 at 11:29 pm
Posted by Quidam65
Q Continuum
Member since Jun 2010
19306 posts
Posted on 11/3/11 at 8:18 am to
Field Work standard.

There is no documentation standard (though these are types of documentation). General standard relates to the qualifications of those performing the audit. Reporting standard relates to the finished product (the type of opinion given).
Posted by Wanksta123
Member since Mar 2010
29 posts
Posted on 11/3/11 at 1:12 pm to
Took FAR last week...no fricking clue where the Sims came from

Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 11/3/11 at 6:34 pm to
quote:

Took FAR last week...no fricking clue where the Sims came from


Posted by GoHoGsGo06
Member since Nov 2006
5739 posts
Posted on 11/4/11 at 5:38 am to
Just found out that I passed REG. Just one more to go (BEC)

Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/4/11 at 9:12 am to
Posted by GoTigers23
Baton Rouge
Member since Sep 2004
405 posts
Posted on 11/4/11 at 10:27 am to
Yea I failed FAR, was comparable to those passing on the MCQ...and stronger in a couple of areas but was weaker in the sims.

Made a 69, so I must have bombed those frickers. Oh well..
Posted by krehn11
IA
Member since Jul 2011
1486 posts
Posted on 11/4/11 at 11:56 am to
I have no idea how they score those things
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/4/11 at 12:00 pm to
No one does brah, its a black box.
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