Issue an adverse opinion or a qualified (except for) opinion for lack of adequate disclosure d. Issue a standard compilation report on the current year (year 8) and add a paragraph to the prior year (year 7) compilation report indicating that the financial statements omitted substantially all disclosures c.
not issue a report on comparative FS when statements for some, but not all, of the periods presented omit substantially all of the disclosures required by GAAP b. Once you get more experienced you’ll get a better feel on what study strategy works best for you and how to approach each module. The BEC exam has the highest pass rate of all 4 CPA exam parts. I would just recommend doing everything becker says to do when you first start out maybe while making flashcards and writing notes if that helps you. BEC is the only section of the CPA exam with written communication tasks. plans to prepare the Year 8 FS in comparative form. There are 62 multiple-choice questions, 4 task-based simulations, and 3 written communication tasks on the BEC exam. Davis was asked to compile the financial statements again for the year ended Dec 31, Year 8 and to include all necessary disclosures XYZ Co. as of and for the year ended Dec 31, year 7 that omit substantially all disclosures required by GAAP. Davis, CPA compiled financial statements for XYZ co.
