Taking AUD the 3rd time

  • Creator
    Topic
  • #1567495
    caotran
    Participant

    Hi all,

    AUD is my last exam and I failed it twice at 72 ( took in 11/2016 and retook in 1/2017). I was stronger in MCQ but weaker in SIMS.
    I will retake it the 3rd time in September. Any advice how to study and prepare for it would be very appreciated.
    Any good links/ sources to study for SIMS, please share. Thank you very much.

Viewing 5 replies - 1 through 5 (of 5 total)
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  • #1567534
    shawn in VA
    Participant

    I would also apreciate any feedback. I took in dec and got 64, and in Mar got 69. I have ZERO audit experience, never even touched an audit in my life. I am in tax at my job.

    #1567546
    Mike J
    Participant

    My first suggestion is to not worry about your prior scores. For your studies' purposes, you got a 0.

    Forget about what the score breakdown is on the NASBA notice. I would also put away your CPA exam review materials.

    When I failed AUD, I went back to my audit textbook from school and poured over the major cycles–Cash/Revenue, Payables, HR/Payroll. I sketched​ out from start to finish on paper each cycle. I'd write-in the relevant controls.

    Next, I studied the evidence chapters. I would understand what makes for better evidence than others. Eg what can the ext auditor do to detect/prevent XYZ? And be very comfortable with what it means to go from the source documents to the journal and vice-a-versa.

    Next, I made sure I knew the difference between control activities versus $ubstantive testing.

    This will form the bedrock you will need to tackle practice MCQ and understand the solutions. You needn't be an expert after this. You just want to re-familiarize yourself. A change of scenery may be what you need after recovering from failing.

    Get your confidence back (it may cost you an extra week but so what?). It may also help you better understand the solution to the practice MCQ. An overlooked part of studying is review. You have to be able to understand why a choice is right and why it is wrong. In a lot of cases on AUD, you will be asked (indirectly) to evaluate choices.

    Sorry it was long. But that's my advice.

    Good luck!

    #1567642
    Wannafree
    Participant

    @Mike030882 excellent advise.
    @Ashley zeng , All the advise by Mike are excellent ,I would add one more
    While doing MCQ on Ninja ,it mention AU or AR reference in answer ,you may like to read that Standard ,it helps tremendously.

    #1567663
    Missy
    Participant

    First time I took aud I got a 47. Second time a 71. (Using Wiley both times). Third time, I got the ninja notes. Copied ten pages per day (then did 20-50 mcq) for 30 days which means I copied them a total of three times total.

    My 3rd attempt at AUD, I got an 84.

    Licensed Massachusetts Non Reporting CPA since 2012
    Finance/Admin/HR Manager

    #1572808
    ragepsn29
    Participant

    If you have not purchased ninja book, then you should buy it. Ninja book has helped me passed AUD along with Ninja MCQ and Notes. Ninja book will give you the core study for AUD. Read the book and take notes. After each chapter, you should do a couple times 30 question MCQ session for that chapter only. Do this until you finish with all chapters. Then for the review, you should do 30 question MCQ session for all the chapters. Do MCQ until you get to 80%. Also do some sims practice. Good luck!

    AUD - 65, 72, 70, 74, 81
    FAR - 66, 71, 76
    REG - 69
    BEC - 80

Viewing 5 replies - 1 through 5 (of 5 total)
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