[jeff]

Recommended prep time for AUD is 4 weeks @ 20 hours a week.

Study Notes: https://www.another71.com/cpa-review-store/

Study Videos: https://www.another71.com/cpa-exam/cpa-exam-review-video/

[Aldog]

Yea thanksss #guy

@moldoll: i jus sytarted a new job and luckily my direct boss has ben pretty much letting me study all day..but by the time im home i end up jus chillin and watchin the offcie or seinfeld and maybeeee look at index cards…usuaklly fall asleep witha lecture on my laptop (hopefully some audio retention is happening in the middle of the night lol)

idk WHY im taking both in 3 days, i planned on taking one erly and one late but next week was all booked by the time i got my NTS. whatever, i refuse to stress..just stay positive and know ill kill it one way or the other…things always seem to work out 🙂

GREAT thing about the cpa in my eyes is no matter what, get to celebratee this weekend haha dont see the score right away like the series 7

ill be in the test center at430pm tomorrow! hoepfully “luck” isnt the deciding factor but wish me some anyway! 🙂

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[Aldog]

1 DOWN…1 TO GO

took audit yesterday guys…ive deinfitly felt worse when coming out of a test-no real surprises, the becker m.c. are GREAT. The sims were okay, except one was a little more FAR focused which threw me off, thank god ivee been studying for both! Also, the increase in difficulty of testlets most deinitly seemed apparent, someone had mentioned “questions get longer”, whihc i cant say exactly happened but deinfitly got more confusing and tricky.

Idk why but i went straight thru the 4 hours..had a lot of time to spare to reword my comunications until i felt they were gramatically impeccable haha-but i would deinftly not worry about time constraints, i feel like tomrrow will be more important with time.

Too all: Dont panic! The test is a TEST, its not a big surprise and once you get thru 5 or so m.c. you start to relax and everything is familair…youll do fine

If any general questions moldoll and others, let me know (obviusly not specific due to ‘regulations') haha but if wanna ask something feel free to email @ ‘ajferrer@loyola.edu'

GOOD LUCK!

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[Aldog]

@danatwvu: YESSSSSSSSSSSSSSSSSSSSSSSSSSS haha i didnt see it coming but deinfitly know your JE's for the test for the yearend

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[Aldog]

p.s. i believe/hope you would credit inventory and debit retained ernings for the amount…very odd your asking this EXACT question too

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[Anonymous]

How many of you that have taken this thing believe that memorizing the standard audit report inside out and front to back is the right thing to do with your time??

Are we required to write one out in a simulation on occasion or what??

Just reply with a 1-10 with 10 bring most important if the wording of my inquiry makes you the least bit nervous.

[Aldog]

@carolinablues: I would say writing the reports deifnitly gives you a great understanding of whats actually included in them, for writing purposes as well as m.c….someone repsonded erlier that knowing everyone word for word isnt necesary and i agree-but i took audit yesterday and could easily recite to you word for word the standard unQ report right now in under a minute hahaha

201, NJ
FAR-75, AUD-82, BEC-82, REG-84 - CPAldog Official (well almost, hard parts over though!!!!!!!)

[jeff]

https://www.another71.com/wiley-cpa-review-online-test-bank

Which of the following is included as part of the definition of audit sampling?
• A: Inquiry and observation procedures..
• B: Documentary evidence.
• C: Evaluation of some characteristic.
• D: Statistical techniques

An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to

• A: Minimize the failure to detect errors and irregularities.
• B: Eliminate the risk of nonsampling errors.
• C: Reduce the level of audit risk and materiality to a relatively low amount.
• D: Measure the sufficiency of the evidential matter obtained.

Which of the following is an element of sampling risk?

• A: Choosing an audit procedure that is inconsistent with the audit objective.
• B: Choosing a sample size that is too small to achieve the sampling objective.
• C: Failing to detect an error on a document that has been inspected by the auditor.
• D: Failing to perform audit procedures that are required by the sampling plan.


Which of the following best illustrates the concept of sampling risk?

• A: A randomly chosen sample may not be representative of the population as a whole on the characteristic of interest.
• B: An auditor may select audit procedures that are not appropriate to achieve the specific objective.
• C: An auditor may fail to recognize errors in the documents examined for the chosen sample.
• D: The documents related to the chosen sample may not be available for inspection.

Which of the following best describes the distinguishing feature of statistical sampling?

• A: It provides for measuring mathematically the degree of uncertainty that results from examining only a part of the data.
• B: It allows the auditor to have the same degree of sampling risk as with nonstatistical sampling but with substantially less work.
• C: It allows the auditor to substitute sampling techniques for audit judgment.
• D: It provides for measuring the actual misstatements in financial statements in terms of sampling risk and allowance for sampling risk.

[Anonymous]

Hey everyone, this is my first time posting over here. I've had quite a crazy day. Woke up to a 76 on BEC! Which was my first CPA test I have ever taken. Then had to go to AUD at 1. Quite a rollercoaster. During AUD my 2nd testlet was about the same difficulty as my 1st. Which scares me…however my 3rd testlest was extremelyyyy difficult. Is there anything I can take away from this? Do I have a chance? The Sims were very tough too, don't think I did too great on them. Any feedback would be great.

[moldoll16]

Alright just got done with my test… Not to bad.

I'm afraid the CPA gods will smite me for saying this, but I would be surprised if I didn't pass!

I swear most of my mcq were straight from the Becker pass-master. Sims were not terrible, although I am glad that I studied for FAR right before this exam, I definitely had financial statement related questions. Good luck to those of you who have it coming up! feel free to Facebook me to ask something

mollie craven

FAR 91 AUD 91 BEC 81 REG Oct 2011 is the plan

[kitchenlittle]

I thought I passed AUD first time….questions were easy. My second exam WAY harder and hoping that is a good sign. Apparently if you get all three easy test-lets you didn't pass cause the questions are weighted based on difficulty. (This is all of course my own personal theory) If you have all easy questions then it is not possible to obtain a passing score. I think this is why people who think they passed failed and people you think they failed passed. I am really hoping this rings true for me on my re-take. Anyone have experience with this or am I being silly?

AUD 70, 79
BEC 76
REG 01/17
FAR ???

[Ineedonly75]

Should more or less substantive testing apply when control risk is assessed as low? Under what circumstance, should you apply test of control, test of details etc?

I appreciate your help!

Reg - Passed
FAR - Passed
BEC - Passed
Audit - 11/28

[jdiiorio]

Hi everyone, I am new to the site. I am taking AUD this upcoming Tuesday and I am feeling a little unprepared. How important do you guys think it is to memorize these reports and phrases included in the report?

Any suggestions on what I should focus the most on over the weekend?

ILLINOIS CANDIDATE
FAR - Passed
BEC - Passed
AUD - Passed

[TSM]

Oh ghosh… I can't believe this is happening. I felt good starting to study AUD (it was quite a relief especially after studying FAR) and thought I could breeze through it. Felt overly confident in the beginning. I'm scheduled to take the exam this Monday (11/22) and am starting to stress out a bit. I read the Becker study materials, did the practice questions (twice), but now that I am looking at it, I am getting everything confused. I'm not sure how this is going to turn out to. I don't have any energy to move on, have so many other things to do, and don't even feel like studying. It feels like my life is on hold. Sometimes, I ask myself: “Is it really worth it”?

Sorry… just wanted to vent to someone!

Texas: FAR 83 (8/25/10) | AUD 83 (11/22/10) | BEC 78 (2/26/11) | REG 90 (7/9/11)
End of a two-year long CPA exam journey!

[2003z06]

Been a rough week for studying. Glad that I got passing grades on BEC and FAR but I have not been able to focus at all since Wed morning. I hope this weekend goes better. Good luck on the studies.

BEC 10/05/10 84
FAR 11/02/10 80
AUD 11/30/10 90
REG 02/28/11 78

[sleeplessinWI]

Ineedonly75:

Remeber this for testing:

I C D (I see Dee)

If Ineherent risk and or Control risk are assessed low meaning no good (an auditor has no control over them. they are what they are) than Detection risk NEEDS to be assessed high. High detection risk means you need to have more substantive testing to lower the risk.

You assess internal controls and if they are found to be working good then you can depend on them and do less substantive testing. If they aren't working properly testing them more won't make them better so abandon that and do more substantive testing.

Hope it helps!

REG,BEC,FAR - PASS, AUD 70, retake 4/26/11 85

If we all threw our problems in a pile and saw everyone else's, we'd grab ours back.

[Author]

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