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Accounting Memes Link: External Website
Management Accounting: Management accounting finally showed up as a common element on day 2. That makes it 1/4 CFE’s where this was the case. All 3 prior CFE’s only tested FR as the common element. What will they do next year? Only time will tell. Time Crunch: The time crunch is real on day 3. Be Read more about 5 Key Takeaways from the September 2017 CFE[…]
First Time Audits: Create an audit planning memo using Risk, Approach, Materiality, Procedures (RAMP) that is specific to the implications of the client situation. Risk: Use risk factors that are case facts and specific to the client. State the “therefore” factor of the risk. Ex- Risk is increased because there is a new controller “therefore” Read more about CFE Day 2 & 3: Common Testing Scenarios – Audit & Assurance[…]
I woke up at 6am . I stretch and drink a glass of lemon water. I read for half-an-hour, then get in a 20 minute workout. I take a cold shower, drink a protein shake, and brush my teeth. On my way to work, I listen to a podcast. In the office, I dig deep Read more about Motivation is a Marathon[…]