2 FAR sims on AUD exam today

Jamie,

I am sorry to hear that. I took AUD a while back ago and failed miserably with a 69. I got 2 FAR SIMS and was like “how is this even allowed” I would complain if I were you. I guarantee you I will complain if it happens to me again. I let it slide the 1st time. IF enough people complain MAYBE just maybe they may change their ways. It is just plain cruel.

ONe time on BEC I got a FAR and REG WC

This has been the case for a while which is why people advise to take FAR before AUD.

I also had FAR sims on my AUD and it contributed to my failure with a 67.

@QueenCpa I didn't know there was Ninja for CMA. Huh. Learn something new daily. I don't know any CMA's though. Isn't that credential sorta considered “The Poor Man's CPA?” If I can't get the CPA, I might do that or the CIA sometime. I know one guy who is a CGMA. He's also a CPA, and an all-around pencil-pushing geek/accounting nerd who passed the CPA in like 1983, eons ago, when it was still passable and the AICPA hadn't decided to start putting head-trips on candidates (like putting FAR questions on AUD and BEC.) CGMA is Certified Global Management Accountant – not sure what the distinction is between that and CMA and CPA really, seems more like just another credential and letters to put behind your name). Anyway, good luck to you.

OP – sorry to interrupt your thread. Look at it this way – if you did well on those FAR SIMs, that's actually a plus. If I'd had FAR questions on my last AUD attempt, I might have passed it because I know that material better.

Well I was hoping to get a thumbnail description of the differences between the two credentials but I guess not. But, the credential is definitely not as popular…at least in California where I live. “Poor Man's CPA” is probably not the best thing to call it but Certified Management Accountant is undoubtedly an easier one to get. You don't have to take 4 grueling and gruesome exams, anyway. Or probably deal with Prometric or a lot of other garbage.

@crazyleon,

You can find the differences online. And yes, it's two exams instead of 4 with 100 MCQs each and about the same number of simulations.

Try it out if you think it's that easy. And yes, we still deal with prometric. No doubt the CFA is harder to get than the CPA but never would anyone say CPA is a Poor Mans CFA because it is easier because they are completely different certifications.

Well. That's enough on this issue.

@shawn in VA – I hope I don't come across as rude, but, if I worked for the AICPA, my response to your complaint would be to direct you to the AICPA blueprints that detail “Recalculation and Reperformance” as content for the AUD exam. For what it's worth, the actual FAR exam sims are much more difficult.

Maybe I'm the only one..but I preferred FAR sims over AUD sims. I found AUD sims very ‘open' ended to interpretation or very judgemental. Too many grey areas to deal with. At least with FAR sims it's black and white. I know I either got it right or wrong.

@CoachEmUp Is right. The whole concept of audit deals with whether or not the F/S is misstated. Even in the real world, F/S adjustments are relevant. So it's no surprise that they will be some overlap with FAR.