[jeff]

Welcome to the AUD CPA Exam study group for October, November, and December 2018 exams. 🙂

Please introduce yourself & when you’re taking your exam (approximate timeframe).

AUD Study Group Links and Resources:

1. NINJA Monthly – Full AUD Course for $67/mo
2. How to Study for AUD with NINJA Only
3. How to Pass AUD in 20 Days
4. How to Retake AUD After Failing
5. Video: Study Advice for AUD
6. CPA Reviewed Podcast
7. CPA Exam Score Release Dates
8. NINJA MCQ Trending vs Actual AUD Scores
9. I Passed the CPA Exam!
10. I Passed AUD!
11. NINJA AUD SIMS List by Topic
12. Free CPA Review: AUD

[Anonymous]

1. Approx exam date – Mid-Late October
2. Topic you're most-comfortable within this exam section – Reports (wording & opinions)
3. Topic you're weakest in / worries you the most – Worried about the whole test, I can't seem to get pass high 60s. Not to mention pressure is on because I'm losing BEC in December and still have to take FAR as well. Hoping this is my last time I sit for AUD!

[Dan]

Hello everyone!!
1. December 2018!
2. Topics most comfortable with – I have not quite started studying yet, but probably ethics
3. At the moment.. weakest is probably all of them!

[Anonymous]

Approx exam date: November 8
Topic you're most-comfortable within this exam section : None
Topic you're weakest in / worries you the most; Transaction Cycles and Assertions

[derek]

1. Approx exam date (Late October, mid-November, etc): Late Nov
2. Topic you're most-comfortable within this exam section: Auditor's reponsibility
3. Topic you're weakest in / worries you the most: audit report memorization

[KBoca]

1. Approx exam date (Late October, mid-November, etc): Late November
2. Topic you're most-comfortable within this exam section: Auditor's/Management Responsibility
3. Topic you're weakest in / worries you the most: Everything else!

[KJ]

1. Approx exam date – Mid December 2018
2. Topic you're most-comfortable within this exam section – Engagement/Internal Control
3. Topic you're weakest in / worries you the most – Audit Sampling/Auditing and IT

FAR - August 2016
AUD - September 2016
REG - October 2016
BEC - November 2016

Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

[jeff]

Winners announced – thank you everyone for participating and thanks for being part of the study groups:

https://www.another71.com/cpa-exam-forum/topic/announcement-big-study-group-giveaway/#post-2010899

[lucblayne]

Early Nov
Strong point: Review. Audit Report.
Weak Point: audit evidence procedures.

[traceylynn089]

Exam Date-December 1,2018
Topic Most Comfortable: None of them
Topic weakest in: Not so much a topic as the type of questions. I do very poorly on the analysis test questions. There seems to be a lot more interpretive “most likely”/”least likely” types of questions in the test samples.

[traceylynn089]

Is anyone using Wiley to study for audit? I used it for FAR and felt like the information really did prepare me for the exam. This time around I am feeling a little in the dark taking the lesson practice quizzes, especially with the interpretive questions. After every lesson I always feel like I need more examples or just more information in general. After reading each one, I feel like I understand the material only to not be able to fully apply it to the questions. It is like I am missing an audit 101 summary of what the basics are that Wiley just skipped over. I think I am going to need to do a lot more practice questions to pass this one.

[Globetrotter]

Hi Tracey,
I also started studying for AUD using Wiley book. I did all the multiple choice questions (I have 2017 edition). I think Wiley book kind of created a “skeleton” for my knowledge. At least when I see the AUD question, I can say: “I saw this topic somewhere”.
I am supplementing it with Ninja package. I watched all Ninja Plus videos. Bob is amazing for AUD as he was for FAR. He really gives us a foundation. I also “listen” for Bob's Hot Spot videos when I go for a run. There are no slides accompanying Hot Spot videos, so it's practically a podcast.
Now, I am working through Ninja MCQs. If I do not know the answer, I try to find it in Wiley book. It usually works.
You passed “the beast” with 88. I think, you will do just fine on the AUD. 🙂

[traceylynn089]

Gobetrotter, that is exactly how I feel working through the Wiley for Audit. It is a “Skeleton” knowledge. I didn’t have to supplement with any other program for FAR but I think I’m finding audit may be my weakness. I don’t take my test until Dec1 so I may give Wiley another month and then supplement with Ninja if I still feel unprepared.
I see you also passed FAR with a solid score recently! Congrats!! It really was a beast

[Globetrotter]

Thanks, Tracey.
You are right. I feel as if Auditing requires different part of brain that, somehow, in my case, is taking a vacation. I was looking at AICPA-released questions. And, while, “moderate” questions a very easy, I am having problems with “hard” ones. I can always narrow it down to two choices, and then, without fail, I always pick the wrong one. 🙁

[traceylynn089]

Haha I am so glad I am not alone here. The “most likely/least likely” questions kill me. I really went into this thinking I had it in the bag after passing FAR (and seeing how much smaller this book was!!). My confidence has taken a hit with these questions though. My brain also just does not comprehend them efficiently. I also fear for time on this one because even if I get it right it takes me forever to sit there and think through all of the options.

[fionnepham]

Which of the following items should be included in prospective financial statements issued in an attestation engagement performed in accordance with the Statements on Standards for Attestation Engagements (SSAEs)?

A. All significant assertions used to prepare the financial statement

B. All significant assumptions used to prepare the financial statements

C. Pro forma financial statements for the past two years

D. Historical financial statements for the past three years

The answer was B. Does anyone know how A and B differ? Is A more of what management thought of and B is more of what the accountant thought of to create the F/s?

[Author]

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