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First let me start off by saying that I just took the audit exam for my THIRD time last weekend and after my first two failures… I was determined to pass this test and be finished with my CPA. To study for this exam, I focused mainly on my weak areas and touched up briefly on the areas where I was strong. After countless hours reading this forum, I saw that there was a common tip that many people “preached”. I kept reading “USE THE AUTHORITATIVE LITERATURE” during your simulations it will help!
I can honestly say this is the best advice anyone can give you for taking the actual exam. During my exam I was very comfortable/confident. I thought I did well on the MCQ and was ready to concur the hardest part in my opinion of the exam. Firstly, I looked through each simulation to see what I was up against and saw that I had 2 research questions so I knew the other 5 were going to be counted toward my score. I found 6 out of the 7 simulations word for word in the AL!!! I know I got both research questions right and the only question I had where I couldn’t use the AL was writing out adjusting journal entries.
I don’t want to make this seem “easy” because as most people know… the AL is not easy to navigate. But if you put your time in and study the material and understand the concepts, you should be able to narrow down your search within the search bar to find what you are looking for.
I just thought I would share my experience and I hope this tells everyone to utilize the AL!
Best of luck on all your exams.
BEC - Passed!
FAR - Passed!
AUD - Passed!
REG - Passed!
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