[jeff]

NINJA Study Notes, Flashcards, and Audio: https://www.another71.com/products-page/

Wiley Software: https://www.another71.com/wiley-cpa-software/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[nimmle02]

@Alpa, I am with you for AUD October 5th….this is going to be an awesome few weeks….not

REG - 5/21/2012 - 85
FAR - 7/24/2012 - 86
BEC - 8/27/2012 - 85
AUD - 10/5/2012 - 72....rematch 1/3/13 (waiting)

[Anonymous]

@Tom: Sorry to hear that but how was your auditing experience second time around comparing to first time?

Aud- 60 (Simulations were brutal), October-8, 2012

Regulation- November 2012

Financial- January 2013

BEC- February 2013

[teeteenounouche]

What is the best way to study for the task based questions? They were nothing like I saw in the study materials and I think that's why I didn't pass. AUD 73 8/27/2012

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Anonymous]

@auburnmeg, & Alpa

I used Becker self study & passed on my first attempt. My opinion is that you should review the text & focus on reworking the HW & sims. I didn't get all that much from the videos, except for some emphasis on certain key points. However, if you already highlighted/underlined those sections, then there is no reason to re-watch the vids.

Most importantly for those who use Becker, do as many of the multiple choice practice questions as possible. I was shocked by how many of my actual test questions I had seen, word for word, in my Becker HW. Make sure to look at the explanations for the MC. If you understand why each answer is right or wrong, it will also help for when you come across similar, but not identical, topics on the exam.

Hope my input helps. Best of luck to you!

[Tom]

@dhruv999 it was a lot better, but i think it helped out that i was more comfortable with the material compared to the first time.

FAR - 79
BEC - 78
REG - 80
AUD - 60,72,74,70

[Anonymous]

@Tom: Thx and u will be good for third time and how about the simulations cause i messed up in the simulations first time. Any topic u recommend more to study. I appreciate u r response.

[M]

@ Asa Naku, Thank you for your response. its definetly helpfull. i'll be doing just that. reading my color coded book and hitting those MC”s hard. and completing sims.

“If you dont have time to do it right, when will you have time to do it over?"
FAR - 64, 81... exp 11/30/13
AUD - 54, 67 Retake Jan
BEC - Feb 28th
REG - TBD

[Ciara]

I have a downloaded copy of the Becker Self-Study. I do not have any test questions or sims. I just realized its not working. I took AUD and I really lacked with the SIMS. I think its time to spend some $$ on a comprehensive review package. Any suggestions?

AUD - 68 (did not prepare) rematch November 2012
REG - TBD
FAR - 10/22/2012
BEC - TBD

Using becker self study.

[natereta]

I got 64 for AUD. I was using Becker material. Do you guys have any suggestion if i should use other additional material to pass AUD?

[Tom]

@dhruv999 I took REG before taking audit a second time and studied like it was the first time I took it. But since they are random tests there is really no way to know what to study for, you just have to feel comfotrable with a majority of it. To study for the sims i would suggest using the Wiley testbank because in my opinion those help quite a bit.

FAR - 79
BEC - 78
REG - 80
AUD - 60,72,74,70

[Lisa_Jane]

I am very confused. This was the answer to a multiple choice question in Wiley:

“The auditor considers materiality for planning purposes in terms of the smallest aggregate amount of misstatement that could be material to any one of the financial statements.”

This is a statement in the Wiley text:

“The auditor plans the audit to obtain reasonable assurance of detecting misstatements that could be large enough, individually or when combined, to be quantitatively material to the financial statements.”

They seem to contradict each other. I’m totally confused- can someone explain the difference to me?

FAR Passed 5/28/14
AUD Passed 1/22/13
BEC Passed 7/12/13
REG Passed 5/9/14
Virginia CPA license issued July 2014

[L-Rawrrr-K]

I took AUD on 8/28 and I found out Monday I got a big fat 70. I signed up today to retake AUD on 10/1. I only had 2 weeks to prepare for AUD and had not looked at the material since May 2010; so I can't really complain. Although I did pass it in 2010. For fun, the AICPA wants me to pass AUD again because they love money, my money. All of it. They know that if they fail me, I sign up as soon as possible. Punks!

See you kids at the finish line…. Rawrrrrrrrrrrrrrr

BEC - 44, 50, 57, 60, 65, 74, 71, 78; PASSED 8/6/2012
AUD - 47, 71, 78 (expired 12/31/2012),70, 79; PASSED 10/1/2012
REG - 65, 65, 69, 70, 72, 65, 81; PASSED 5/29/2012
FAR - 46, 63, 58, 72, 72, 75; PASSED 7/2/2012

[rickycpa]

Guys, I have a question regarding subsequent events.

For type 1 event, the financial statements need to be adjusted. For example, contingent liabilities settlement after B/S date but it arised before the B/S. Would you just adjust the liabilities amount on the B/S ? Or you need to adjust the expense account for settlement as well? Since when the company booked it, it would be like dr liabilities expense cr.contingent liability

Much thanks.

I need some luck!

AUD 73,71,74, TBD the 4th time
BEC 83
REG 80
FAR 89 ( Exp in January 2013)

[Jpgrocho]

The first statement relates to setting materiality at the smallest aggregate level (sometimes there are more than one level of materiality relating to the financial statements…you would use the smallest materiality level out of the samples)

Second statement is referring to obtaining assurance that your audit is planned to detect misstatements that are large enough to surpass materiality level that was determined from “the above statement”. If it was a “small” misstatement, the misstatement would not be material if that makes sense. We are only providing reasonable assurance that material misstatements are detected..not all misstatements.

Quick and short….

I am horrible at explaining things. Sorry. I really hope this helps.

10/03/12 AUD- 91!!!
12-07-12 BEC- 75!!! (Half way)
01/18/13 REG - 68, 78.
02/28/13 FAR -68, 65 11/6/13 PLEASE!!!!
Using Becker Self Study 2012

[Lisa_Jane]

@L-Rawrrr-K

I feel your pain- I got a 70, too. I had not opened an Audit textbook for 7 years and probably didn't study enough. I also didn't memorize the reports that I was told to memorize. This time I will memorize everything I can. Good luck to both of us for the re-test- mine will be November.

FAR Passed 5/28/14
AUD Passed 1/22/13
BEC Passed 7/12/13
REG Passed 5/9/14
Virginia CPA license issued July 2014

[Author]

Replies