[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

[occams_razor]

Just started studying for Audit using Becker, I'm wondering if there is an easy way to remember all the differences in paragraphs due to GAAP going concerns and inadequate disclosures etc.? Or just straight memorization?

AUD - 79!
REG - (67,69-without NINJA and Wiley Test Bank) 84!(with NINJA and Wiley Test Bank)
FAR - 75!
BEC - 83!
Every test I passed, I used Ninja Notes. Couldn't have done it without them!
I am done!!!

[Mrs_CPA]

@ occams_razor

i found the Ninja audio was the only way i was able to make sense of the paragraphs, you may want to consider purchasing it.

[Mrs_CPA]

@ occams_razor

i found the Ninja audio was the only way i was able to make sense of the paragraphs, you may want to consider purchasing it.

[GirlAcct74]

Hi Homestretch,

The Voucher Department is the same as the Account Payables Department. If you've ever worked in A/P; before you enter the payable into the system to be paid; you have to match the invoice with the purchase order and the receiving report.

Hope this simplifies it for you.

FAR 56, 77 (credit gone - THANKS BEC!), 73, 74, 79!!!!
REG 65, 65, 75
AUD 59, 64, 70, 70, 80
BEC 68, 73, 78

[Anonymous]

For those of you that are studying for AUD and are not sure about how much to study here is what I did.

I used Becker.

Watch the lecture(4 hours), Read the chapter(4-5 hours), Multiple Choice(4-5 hours) for every chapter = 84 hours total.

Re-read chapter 1-3, skim chapter 4-6, re- do every chapter multiple choice, focus a little bit on problem areas, go through sims and do progress tests until my exam. (so probably another 20-40 hours)

The hours are actual study time and not time I spent sitting around goofing off.

This left me with a score of 97

[Anonymous]

@ Dmitri

Could you only manage a 97?? Haha great work!! I take Audit on the 30th and am using Becker so I will probably mimic what you did as far as review goes. Thanks!!

[NySinghCPA1985]

I studied my ass off for Aud and was confident until the last day. I cought cold and got sick. Couldn't concentrate during exam. Scored a 59 on the exam when I was scoring in the 80's on the progress exams on becker.

TIP: Do Not Go into the Exam Sick!!

FAR 1/30/14 86 beast is slayed
REG 5/30/12 81 expired :/ Retake April or May 2014
AUD 5/24/13 85
BEC 10/07/13 80

[Anonymous]

@cpahope

You will do good, good luck!

@NySingh

Don't lose hope, you will pass it the next time, just need to throw more study time at it!

[momto5]

Thanks for your insight, Dmitri! I am just beginning AUD – haven't been too diligent yet as I am enrolled in a class at my college using Becker and it doesn't actually begin until next week. Wishing I had a little more freedom in studying how I would like, but I am required to listen to every lecture, do the MCQ's until I get them all right, etc. I guess that worked OK for me in FAR so I don't mind it too much, but sometimes I wish I could experiment and try other ideas.

Did you take the practice exams for AUD? Do you feel that the Becker SIMS are adequate practice for the real thing? I didn't think the FAR ones were.

Way to go on the 97, by the way! Do you otherwise have auditing experience, or is this just from studying Becker?

FAR - 92 (4/27/12)
AUD - 96 (7/17/12)
BEC - 92 (8/30/12)
REG - 91 (11/12/12)

[Anonymous]

quick question about materiality:

Does the auditor decide materiality together with management, or determines it alone? My Becker book makes no mention. One of the Wiley question says that management and auditor both determine it when obtaining written representations from management concerning litigation claims and assessments. So do they only decide materiality together when it comes to litigation or for financial statements/other situations too?

[Anonymous]

Dual-My understanding is that the auditor's judgments about planning, materiality, testing etc should be the auditor's own. Auditor judgment, influenced by management judgment = potential bias, (and therefore independence is potentially impacted in appearance and in fact).

[mdrobbin]

I saw that same question in Wiley as far as management and the Auditor agreeing on the materiality of litigation. It really threw me off and I am wondering the same thing. At this point, the test is done so it is what it is. Just hope I passed 🙂

FAR - 2012 - PASSED (YAEGER)
AUD - 2012 - PASSED (YAEGER + NINJA NOTES)
BEC - 2012 - PASSED (YAEGER + NINJA NOTES)
REG - 2013 - PASSED (YAEGER + NINJA NOTES + NINJA AUDIO)

ETHICS - 2013 - PASSED

DONE!!! Thank you A71 for all the support! Hiya!!!

[IamBlessed]

Hello to all the future CPAs out there … I need some help … for some reason i cant grasp the concept of Inherent Risk, Control Risk and Detection Risk. Any and all help and explanations will greatly be appreciated.

[Anonymous]

Can using the authoritative literature help for sims involving which substantive test will help with a particular assertion? For example, “Which procedure will help establish completeness for inventory?” These transaction cycle stuff is killing me and I'm afraid of getting one for a sim.

[Anonymous]

@dualmatrix I was just about to start a thread that said “Anyone else up studying these mind-numbing transaction cycles?” Thanks for that! We're taking the test on the same day, too. G'luck!

[Author]

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