AUD CPA Exam Review 2010

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  • #258043
    Anonymous
    Inactive

    If anyone could please share your study plan/ material for AUD since I have not been able to clear for the second time now with a 73 and will try to take again in Nov '10.Scored a 69 in May. I would be taking BEC in Oct, since the NTS for that would expire in Nov.

    It just puzzles me as to how it could be as difficult so as not to be able to get thru the second time. I am thinking of buying Jeff's notes and practice MCQ

    thanks

    #258044
    hopeforthebest
    Participant

    Anushka730: what material r u using currently ?? i would say Becker + Gliem question book is the best combination. Jeff's material may also work out.

    AUD:78 (8/7) REG:79 (10/16)
    BEC:81 (11/30) FAR:76 (2/28)

    #258045
    Trevor
    Participant

    Yaeger for me, passed the first time – watched the lectures and did 75% of the required MCQ's, and read through the book on the sections I did not feel comfortable with… Studied for 3ish weeks for about 45 hrs total (22 for videos, 13 MCQ's, and 10 for review of notes/book).

    BEC: 73,81(7/6/2010); AUD: 75(5/24/2010); FAR: 76(8/31/2010); REG: 77 (10/18/2010) - DONE!!!!

    #258046
    Trevor
    Participant

    Oh I have done some work in auditing also, so had some experience… public accounting for 1 year just after college. graduated May 2009.

    BEC: 73,81(7/6/2010); AUD: 75(5/24/2010); FAR: 76(8/31/2010); REG: 77 (10/18/2010) - DONE!!!!

    #258047
    Anonymous
    Inactive

    Thanks hopeforthebest & Trevor

    I have used Yaegar + Gleim Addnl MCQ cd (which I did not spend as much time doing it). I would wait for the performance report to see which areas I am weak in and work towards that. I do seem to understand the material but maybe not as good enough.

    #258048
    abc123
    Participant

    Has anyone ever received a sim regarding audit sampling? I know in my audit class we were required to do in depth PPS sampling and used more complex formulas for variable and attribute sampling. I'm wondering if there is a likelihood I need to know more than the 2 formulas Becker provides regarding PPS sampling- sampling interval formula, and sample size formula.

    #258049
    koliver
    Participant

    I'm studying with Becker to take audit on Tuesday. I was just wondering if anyone could give me any advice on which chapters I should focus most on in my final review? I've heard internal control and evidence are heavily tested… soooo chapters 3 and 4? Any advice would be appreciated!!

    FAR: 78 BEC: 79 REG: 86 AUD: 74, 83 DONE!!!

    #258050
    michelle119
    Participant

    @koliver – I used Becker, definitely focus on internal control and evidence, which were ch 3 &4. Also if you have the money and still struggle with those points, like I did, Jeff's notes were a good deal. I bought them and read them through a couple times before the exam and used that as a final review the day of my exam in my car at the testing site. Best of luck!!

    FAR 7/2 - 88
    BEC 7/30 - 87
    AUD 8/27 - 80
    REG 11/12 - 96

    #258051
    koliver
    Participant

    Thanks Michelle…. Yeah, I'm contemplating purchasing Jeff's notes but I am going to wait and see how confident I feel after taking the practice exams. Appreciate the advice!

    FAR: 78 BEC: 79 REG: 86 AUD: 74, 83 DONE!!!

    #258052
    sarailizabeth
    Participant

    Thanks for the advice guys. I am using Bisk & will sit for Auditing 8/31. I have not completed the entire book. I am guessing that the last three chapters of the book…Other Auditing Standards, Other Types of Reports & Other Professional Standards….will not be heavily tested. I may be taking a gamble. But, I have a hunch that I.C., Audit Evidence, Audit Programs, Reports & just general principals & theories are way more important.

    Does anyone agree that I am on track with this mind set?

    I really need to pass this part. I have never set for it before.

    REG 84,

    BEC 71, 75

    AUD 8/31/10

    FAR 11/10

    #258053
    potatogun
    Participant

    I would just do a once over of the last bit of section 5 if that's all you have left, but you're correct that IC and evidence should be very well understood.

    FAR 92 - AUD 91 - REG 94 - BEC 86

    #258054
    sarailizabeth
    Participant

    Potatogun: Well, it looks like you would know! Wow. A 91 is impressive. Congratulations!

    Thanks for the insight.

    #258055
    lochini
    Participant

    Jeff,

    Does 20 hours per week includes video? Or is this just study time minus video. I have some audit experience (not sure if this matters or not) but I am contemplating whether to take AUD or FAR by Nov. Leaning towards to AUD due to time. What's your in put on taking AUD vs FAR? I am using Becker. Thanks.

    #258056
    tcpa85
    Participant

    @koliver- It would save you A LOT of money to just sign up for club75 for a month. You get to download all the notes as part of the membership and a membership is $20/month.

    FAR- 89
    AUD- Oct. 2nd
    BEC- Nov. 20th
    REG- 2011

    #258057
    koliver
    Participant

    Yeah, I signed up for the trial membership… just need to do the upgrade if I want the notes (but yes, 20 dollars is much cheaper than teh 40 or 50 they are priced!!)

    FAR: 78 BEC: 79 REG: 86 AUD: 74, 83 DONE!!!

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