AUD Study Group – Q1 2018 - Page 3

I am rewatching Roger's lectures and making notes, doing ICQs and SIMS. I am following his 3 month Planner for all four sections in which He planned AUD 10 days watching and IPQs. And I will give myself 1 week to review.

This time I cannot afford to FAIL. I have to give FAR in march too. My Score for REG expiring in April-2018. I hope this window i only see 75<.

Thanks. I will definitely buy Gleim or wiley in my final review.

Right now I have Roger's IPQs, NINJA MCQs, and CPA review for free MCQs (for now I think this is enough).

What is your strategy for Retake?? You were so close.

Since I took it so recently, I am going to try doing all of the Wiley questions and maybe read the book. I am trying to take it as early as January 6th because I am hoping I can make up the 1 point since I still remember most of it!

Hi all. Studying Audit with Becker. Including the newer ‘Skills Practice' in the ‘Nail the Concepts' part of NINJA framework. Feels closer to sims. Previously heard mention of less focus on sims in this phase. Wanted to make sure Becker students using ‘Skills Practice' in phase I/watching lectures.

Thanks!

From my experience (studied twice and got a 73 and then a 74), is that audit is the most deceiving of all the tests. All of the answer choices could be correct, but the answer that is “most” right is the correct answer. On top of that, both tests felt super easy compared to the other tests, and I felt like I got an 81 on both of them, but clearly I did not. So that being said, make sure you do a TON of MCQs and SIMs. Memorize everything the book says to memorize, but practice, practice, practice!! I am hoping I can study for 2 weeks and then knock this thing out! (since i just took it recently).

You are right, all answers looks like so correct. I got my score notification today and the topic I was so unconfident has “Stronger” comment and in which I was so confident was Weaker.

Is there any Test bank which separate the MCQs and SIMS according to the AICPA blueprints, so we can master particular area.

Also I has some SIMS on the exam for which I want to have solution, but since we cannot discuss the exam questions here, where can I find the solutions for those. We only get AICPA released MCQs and answers of it but not the SIMS right?

I was reading about Direct financial and material indirect financial interest in the client on AICPA. Both seems the same to me. Can anyone explain.

What Are the Rules That Apply to My Mutual Fund Investments (and Those of My Family)
If My Firm Audits Those Mutual Funds?

If you are a covered member with respect to a mutual fund attest client of your firm, and you or your immediate family own shares in the fund, you have a direct financial interest in the fund client.

The SEC rules also prohibit the firm and covered persons and their immediate family
members from having any financial interest in an entity (even one that is not a client) that is part of an investment company complex that includes an SEC audit client.

Which Rules Pertain to My Mutual Fund Investments (and Those of My Family) If My Firm
Audits Companies Held in Those Mutual Funds?

Financial interests that you and your immediate family have in attest clients through a mutual fund are considered to be indirect financial interests in those attest clients unless the fund is a diversified mutual
fund.

(Warning, whining ahead). I sincerely dislike AUD. I think I'll pass, but it's hard to muster up any enthusiasm for this stuff when I work in industry. It's just not sticking. Also trying to decide if I should take vacation time to study more. Depends how much I get through by tomorrow night.