[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

[Anonymous]

@Sonali

Did you have any International audit questions?

[Sonali]

@ Another74 – Absolutely no ISA question..!! out of 7 Sims. 2 were on Audit risk (Control, Inherent & detection risk) 1 on Tick mark on Dep sch 1 on Subsequent Event 1 research Q, 1 on Adjustment entries, N 1 more on entry stuff..!! Didnt get a feel tat m taking AUD exam.. felt lik these were FAR sims.. more of tat..!!

REG - 76
BEC - 80
AUD - 70, 74, 82
FAR - 87

[Anonymous]

I had my audit exam this morning and it was just awful. I seriously left crying. The multiple choice questions were not so bad. Like many have said, some were very similar to ones that I'd seen in the Becker software. The simulations were soooo hard! Two of them actually seemed more like FAR questions than they were auditing. I struggled with bonds in FAR and now they are haunting me in audit! To make things worse, for the first time ever (between all of the practice tests, simulations on Becker, and my FAR test), I was not able to figure out the Authoritative Literature. I spent an hour and a half on it and ended up filling in an answer that I knew was wrong. The question seemed to be asking for so many things and I could not find any relationships with them in the literature. So I am pretty confident I bombed 4 of the 7 simulations. Anyone else have a similar experience and still pass? I don't think I have a chance. 🙁

[katelyn]

Hello, audit gang!

I'm finishing up my lessons on AUD today or tomorrow, and my test isn't until the 29th. (I got a little ahead due to two parties the next two Saturdays this month 🙂

ANYWAY, can you please recommend some cheap/free sources for TBS practice? Almost all the SIMS on my software (CPAexcel) are T/F or Matching, and obviously that won't be on the test. Alternatively, perhaps you could mention the formats you've seen on your own study materials?

Also, how have ya'll prepared for the bazillion types of reports there are in auditing?

AUD: 92 (10/2011)
BEC: 82 (7/2011)
FAR: 55 (8/2010); 88 (8/2011)
REG: 62 (8/2009); 87 (1/7/12)
DONE!

[jomarie]

Is starting to panic…..I just realized my exam is in a little over 2 weeks and I still haven't gone through all of the lectures!!!!! AAAHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Started sitting in May 2002, on and off. But since 2008 I've been nonstop and my scores are....
AUD - 39, 48, 56, 65, 68, 73, 76!!! (Finally passed in Oct 2011!!!) Becker, NINJA, & Wiley
REG - 75 (Lost Credit) 72, 68, 73, 75 (Passed again in Aug 2011) Becker, NINJA, & Wiley
FAR - 65, 68, 75 (Lost Credit) 68, 73, 73, 80 (Passed again in May 2012) Roger, NINJA, & Wiley
BEC - 65, 68, 71, 72, 72, 71, 76 (Lost Credit)- 70, 76!!!! I AM DONE!!! - Roger, NINJA, & Wiley
After 10 long years of studying, I AM DONE!!!! Finally a Licensed CPA in the State of New York!!

[Sonali]

@ CPA Study Victim – As I've already mentioned.. at My exams on AUD on 7th.. MCQ were very similar to the one I've seen in Becker, Wileysoftware or cpareviewforfree.. But SIMS were absolutely diff case..those were so tough..!! n research Q.. it was a very straight forward Q.. but I've found many answers for the same in authoritative tab.. did judgmentally.. watever I felt lik is the best among 3-4 answers I mentioned tat..! At my past two exams for AUD.. I didnt do well in SIMS..wherein I felt I did well in SIMS. n I failed.. n this tym SIMS were itself bad..!! keeping my fingers crossed for next 20 days.. 😉

REG - 76
BEC - 80
AUD - 70, 74, 82
FAR - 87

[Anonymous]

I am new to the forum. Taking audit in abut a month and was wondering whats the best way to prepare for simulations on the exam. What type of software would you recommend? Is Becker enough? Thanks for any advice.

[hacka75]

I am using Bisk Classic for my AUD review. I was wondering if anyone is using the Bisk Online review for AUD? If so, on the viewer notes that go with the instructional video, are there blanks in the notes to fill out? There are none in the classic view.

I just think the blanks help you concentrate on the material. The Classic study guide seems extremely slow on computer, anyone else have this problem?

Also, I just passed FAR using Bisk online review.

FAR 8/26/2011 - 77
AUD 11/17/11 - 87
REG 4/30/12 - 82
BEC 8/13/12 - 80!!

Pro Golfer/ Fisher who spends 50 hrs a week accounting for things

[PistolPete]

I'm having trouble remembering under what circumstances should an auditor restrict the use of the audit report. Does anyone have any tricks to remember this? Or can you help me identify when to restrict?

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

CMA
Part 1: October 2013
Part 2: January 2014

[hopefulcpa28]

Agreed upon procedures and for f/s that presented in accordance with other than OCBOA and GAAP are for limited uses. Also for compliance with regulatory and laws…Am I right?

[hopefulcpa28]

Usually reports are limited when readers aren't aware of the things that go behind it…does that make sense?

[supervisor]

@ CPA Study Victim- i took my AUD this saturday and noticed that two of the 6 sims were really FAR sims too. i sent AICPA a fax regarding the fact that the two items were not in the Content and skill specifications under Audit. lets see if they get back to me. highly doubt it but we'll see. overall, i thought the exam went ok…waiting on the next 28 days for the score releases. ugh. i thought the scores were supposed to be released every two weeks but that's not the case.

BEC 10/13 PASSED 77
AUD 04/12 PASSED 83
FAR 08/12 PASSED 76
REG 02/13 PASSED 76

Licensed in PA on 12/23/13. Yea boy!!

[hopefulcpa28]

When you say FAR sims on AUD, do you guys mean sims related to J/E? Or something totally different?

I have no FAR knowledge (besides what I learned in college…and obviously, I don't remember all the details). I'm really scared to take AUD. Failed it with 73 in July.

[Anonymous]

Supervisor – that was a good idea, contacting the AICPA. I hope that they do get back to you.

HopefulCPA – I don't want to go into too much detail, but yes, my two FAR simulations did deal with journal entries. One of them was more general and the other one delt specifically with bonds which I had struggled with in FAR.

[katiekanton]

Ok, so I was going to take AUD next Monday, but it's my first section so I haven't studied FAR yet and it's been three years since I was in school. You guys have me scared out of my wits about these SIMS that are out of left field. So, give me some advice. Should I :

1 – finish studying AUD and then start studying FAR and then take both sections at the same time (or a few days apart for review of the second section),

or

2 – just study the bonds chapter in FAR and then take AUD.

Is there a way to private message people here? This is my first post and I don't see a way to do it. Thanks so much for all you guys' help and advice. I can't believe I didn't find this place sooner!

AUD - 88
FAR - 90
REG - 85
BEC - 88

[Author]

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