Did you know that
SAS No.111 amends SAS No. 39 to enhance guidance relating the auditor’s judgment about establishing tolerable misstatement for a specific audit procedure and on the application of sampling to tests of controls.
and
SAS No. 111 amends SAS No. 39 to incorporate guidance from SAS No. 99, Consideration of Fraud in a Financial Statement Audit, and from SAS No. 110, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained.
Yes, my day is just that exciting.
Today is another study day. I’ve got the audit/attestation (= the hardest) section of the CPA exam before me tomorrow. I have absolutely no hope of passing it on my first try; I am not an audit person, I am a tax person. One nice thing about doing taxes is that you’re always on to something else. With audit, you work on one client for weeks. No thanks.
But today I’ve got to make my last ditch attempt to learn/review enough information not to embarrass myself too much tomorrow. And here is my question: how much do you have to study before taking a study break? I’ve got a ton of study breaks built into my day today, from laundry to Waffle House to cleaning the kitchen. I could even mow the lawn. Do I actually have to study in between these breaks?
My music for today, the painful and boring study day: Islands, Sin Fang Bous, and my current favorite, Fanfarlo. Of course you can always see what I’m actually listening to by looking at the last.fm badge in the left sidebar.
Ok, gotta run. I think I heard the dryer buzz.