AUD – Exam Prep - Page 35

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  • #373432
    fg
    Participant

    @IHATeMyBoss, thanks for sharing your thoughts, by the way, funny user name:-)

    To me, Becker PM questions are easier than Wiley's, “CPA rearview for free” questions are not bad for practice.

    #373433
    MrsLeon
    Member

    Ok yall, I've got a question and I'm hoping someone here has the answer! So I'm using Becker to study but I also got Gleim for more review of multiple choice questions for AUDIT. So there are two topics that I am having problems answering in Gleim that I CAN NOT FIND in my Becker book. I know they are there, but I can't find them. One is EDI (electronic data interchange) and the other is Specific vs. General transactions (in regards to transaction authorization). And again, this is for AUDIT. If anyone can help me determine where in the Becker book these 2 topics are I would greatly appreciate it. Thanks a lot!

    FAR- 10/02/10- 75
    AUD- 11/24/10- 74, 8/31/11- 68, 10/16/11- 77!!!!!
    REG- 2/08/11- 65, 8/6/11- 61, 11/30/11- 76!!!
    BEC- 7/01/11- 61, 11/06/11- 75!!!!!

    I AM OFFICIALLY A CPA!!!!

    #373434
    Peanut
    Participant

    Does anyone else think the supplemental questions in A4 are ridiculous? I went through them a first time after watching lecture 4 and got in the 60's. Going through them a second time now and they are killing me, and my confidence since I'm just a few days away from my exam. Other than that I'm doing awesome in Wiley and on practice exams. Anyone else find A4 supplemental a little on the difficult side?

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #373435
    unDeR
    Member

    Thanks for your REG advice earlier Peanut. I'm probably gonna get that online Wiley test bank. My advice for you in regards to AUD is to not waste your precious time on those ridiculous supplemental questions. Focus your energy on the PassMaster questions and understand not only why a particular answer is correct, but also why the other answers are wrong. Good luck!

    Texas-licensed CPA

    #373436
    Peanut
    Participant

    You're welcome! REG is such a beast, you have to go in with the mentality that you're going to kill it. Good luck to you as well. Thanks for responding about the supplemental. I feel like if I can get through REG, I can get through any of these beasts! Do you have any other AUD tips? Did you use solely Becker?

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #373437
    unDeR
    Member

    Indeed, AUD is a cakewalk compared to REG, so you should be fine. Be aware though that studying for AUD is all about repetition and memorization. It is the most drone-like exam to study for as you probably have come to realize. In the short time that you have left, utilize flashcards, review key terms, and run through the PassMaster MC. I didn't touch the simulation portion of Becker (only study material I used) because I didn't have time, so while I wouldn't advise that route, it IS possible to pass if you master the MC. However, you should know that I passed AUD under the old format. I was weaker in written communication, but under the new format, being weaker in anything is not a luxury you can afford.

    Texas-licensed CPA

    #373438
    PistolPete
    Member

    Quick question. I've finished the Becker review course, and my exam is October 19th (roughly 2 and a half weeks out). After failing FAR in the last window, and getting a feel for the exam, I know I need to seriously hammer out some more MCQ and definitely some additional SIMS. If I purchase the Wiley test bank, will I have enough time to work through the additional questions, or should I just concentrate on Becker’s MCQ since I'm running out of time?

    Becker has 1,348 MCQ and 27 SIMS (including the sample tests)

    Wiley has an additional 900 MCQ and 37 SIMS.

    If I'm able to get through them all that'd be 2,248 MCQ and 64 SIMS. Is that crazy to do in just a couple weeks (on top of working full time)???

    FAR - 68, 79
    AUD - 82
    REG - 71, 71, 80
    BEC - 76

    CMA
    Part 1: October 2013
    Part 2: January 2014

    #373439
    Peanut
    Participant

    @PistolPete, This is just my personal preference, but Wiley is on sale and it's only going to cost you 60 bucks.. so why not? If you don't have time to go through ALL the Wiley questions, what you could do is give yourself 90 MCQ quizzes in Wiley to make sure that you really “know” your material and that you haven't been memorizing the Becker questions. There is 900 MCQs in Wiley for AUD, it took me about a week to go through all of them (I do this full time though). If you didn't have time to go through all of them, I wouldn't stress. Becker has been really good for AUD so far, I just like the additional practice Wiley gives you.

    AUD 81 (X4) Previous scores 59, 72, 72
    REG 80 (X3) Previous scores 59, 60
    FAR 75 (X2) Previous score 67
    BEC 79 (X2) Previous score 58

    #373440
    Anonymous
    Inactive

    @PistolPete- I am also taking my exam on Oct 3rd, and am using Becker passmaster as well as Wiley Online, you have 2.5 weeks , i definitely think u can do both … many of the questions will be repetitive between the 2 software's..which sometimes is good practice …. however , i found a bunch of wiley questions that were very different from becker and had a slightly differnt perspective , i marked those and plan on going over them once before the exam ..

    #373441
    Ming Gu
    Participant

    i am preparing AUD, one quetion: why CPAs do not perform review on prospective information, however they can review to pro-foma financial information. thank.

    #373442
    Anonymous
    Inactive

    Prospective information – management's forecasts. This is just management's estimate about future performance of the company. Can't really conclude whether this is correct or not b/c it's just an estimate.

    Pro-forma information – Auditors can review pro-forma information b/c these transactions have occurred already. For example, the pro-forma Income St. might exclude something like Stock-Based Compensation. Since the auditor has tested the income st. balances and stock-based comp, we can trace those balances to our testing. (It's concrete.)

    #373443
    Ming Gu
    Participant

    Hello, CPABear, thank you very much for your opinion to my doubt about whether CPAs can review financial forecast & projection.I agree with you and now I understand that as to prospective information, in order to be to repsonsible to the public interest, CPAs must audit or compile it to express a clear/positive opinion or no opnion, CPSs can not express an ambiguous/negative auurance.

    #373444
    Synergiex
    Member

    Dear Audit,

    FYI: You are next and I am coming for you… You better get ready…

    B - 7/1/2011 ---------> 85
    R - 7/28/2011 ---------> 77!!!
    A - 10/30/2011---------> 83
    F - 11/26/2012 --------> 85

    #373445
    Anonymous
    Inactive

    Haha @ Synergiex. I like your attitude! Go get 'em!

    #373446
    Ithinkican
    Participant

    I took audit today. I'm either a CPA or half way done as I lose far at the end of October. I'm just excited to not have to study for awhile! Good luck everyone!

    FAR- 75
    REG- 75
    AUD- 78
    BEC- 76 DONE!

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