AUD Study Group – Q2 2018 - Page 24

Famh110: thank u. Ur explanation helped loads.
This weekend was great: posted details on Power Weekend thread. But 540 MCQ in 12 hours. Average score & trending scores went up 5 points. I'm happy w the results. Was drained today & operated on cruise control @ work. Lol.

@pdiddy…all the best tomorrow! we are rooting for you 🙂

I think for A., the procedure could have been done already and these guys are stepping in or engaged later in the year and somehow previous auditors withdrew. So you first consider what's been done ytd before diving in any preliminary or heavy procedures. First step in planning is seeing what's already been done and scoping out the environment, asking questions, etc. before doing any procedures. Only if they were a brand new company, and you knew there was no previous auditor or work ever done, is digging right in to understanding the entity's controls and doing prelims makes sense.

@pdiddy2000…Let us know how it went for you.

Hi everyone – took AUD yesterday. I started studying on April 3 the day after I took FAR. So I studied for about 5 weeks and average about 30 hours a week. I used Wiley and was able to go through all the information in 4 weeks then used the last week to review information and work on my trouble areas. I did over a 1,000 MCQs and about 20 SIMs in Wiley testbank. I also did a walkthrough of the AUD AICPA blueprint.

The Good: I feel ok about the SIMs. I highly recommend looking at the AICPA blueprint for every exam. Not so much for the answers but just to get a feel about the format of how the AICPA may choose to present some SIMs. I went over a few testbank SIMs on Wiley and didn't get one on the exam that was formatted in the same way. However, I did see a few of the same SIM formats on the exam that were on the AICPA blueprints.

The Bad: The MCQs were a disaster. I can't gauge how well I did because a vast majority of the questions focused on “the most likely” or “the least likely” answer. I realize these questions are a necessary evil but the number of those type of questions on my exam is overkill in my opinion. Maybe I got the wrong exam. The funny thing is while I didn't feel extraordinarily confident about how I did on FAR, I feel like I did better on FAR then AUD. At the end of the day, I will just have to wait until June 27 just like everyone else. The good thing is that I planned 3 exams for Q2 so I don't drive my self crazy thinking about my scores for 3 months. 🙂 Well my next test date is June 8 for BEC so I'm heading over to the BEC Q2 forum. Good Luck everyone!!

Hi guys have a last minute question about attribute sampling –
if the attributes are not directly listed on the table, do we get the closest number or do we manually calculate the sample size/upper deviation rate?

@Tigre Thanks for your recommendations. Sometimes the questions on these topics can get tricky. I need to work on those a bit more.
@Pdiddy, at least its over and you have moved on to something else so score delay won't bother you as much. @Julia, hope you are doing better now!! Last 3 days, I have been very busy so haven't made much progress. I have moved my exam to the 29th as I didn't realize I have to go out of town to attend my niece's college graduation ceremony this weekend. Even though, I have been declining all the other invitations but i couldn't cop out on this one so will go and come back the very next day. Will have plenty of opportunity to hear to NINJA Audio during the commute so thats the plan for now.