AUD Study Group - Page 10

Viewing 15 replies - 136 through 150 (of 213 total)
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  • #2476653
    PDiddy2000
    Participant

    @Ineedthiscpa45 I took AUD last year and failed with a 70. I was a little shocked because I finished about an hour early and felt ok. I only studied for 5 weeks and didn't take detailed notes for that exam. This year I changed my approach. Studied for 8 weeks, took detailed notes and read the entire Wiley text. I only watched the deep dive videos. Oh and I dedicated every sunday to reviewing previous chapters to keep things fresh. The bad thing is this time I still finished about an hour early although I took about 30 minutes on my last testlet to review some answers in the authoritative literature. Unlike some people on this forum, I never feel good or bad about these exams. Just blah!! If they release the scores a day early, we have four more days until score release. GOOD LUCK!!!

    #2479395
    DGR10
    Participant

    Hi All,

    My name is David and I'm studying for AUD. My exam is 07/03/2019. I'm using surgent cap review. Do you guys recommend complementing it with additional material from NINJA?

    Thank you,

    #2480322
    Momo
    Participant

    @IneedthisCPA45 Good luck on getting your scores. I hope you passed it this time so that you can continue studying other sections with peace of mind.

    I've been trying to figure out how to change my study strategy by noting the types of questions I answer incorrectly in my Wiley review course. So far, they're EVID related questions (back to assertions and evidence). I plan to continue taking MCQs for all 4 parts of AUDIT, but focus on TBS for Assessing risk and performing further procedures because those leave me crosseyed a lot on the actual exam day.

    Good luck @DGR10 and to everyone!! AUD won't master us, we will master it!

    #2480505
    DGR10
    Participant

    Thank you very much. We will get there! Let’s keep plugging!!

    #2482137
    gdubb29
    Participant

    Hello All!

    Question for anyone that's taken the AUD recently. Are you still allowed to use the Authoritative Literature for the SIMS. I passed the exam a while ago, but not sure if that technique is still useful.

    #2482176
    DGR10
    Participant

    I believe so. I can confirm for you later. I need to ask my friend that took it recently.

    Congratulations on passing it!! How many simulations did you do before taking the exam?

    Thank you,
    David,

    #2482179
    CPA Hunter
    Participant

    Yes, you can still use the Authoritative Literature for the SIMS.

    #2487246
    3Countries
    Participant

    Just found out that I failed Audit with a 71, going to re-take it as soon as the window re-opens in July. Those of you in the same boat as me, don't give up!

    #2487822
    DGR10
    Participant

    I’m sorry man. Keep at it!! Good luck next time. It’s wise to go right back at it. How many hours did you put in?

    I’m about to take it in 14 days. What simulations did they throw at you?

    #2489139
    David
    Participant

    Got through all the AUD material a couple days ago and have been doing mcq's ever since. My exam is on July 2 and since I don't start my job til the end of July I have a lot of time to devote to studying. What would you guys recommend me to do? I'm using Becker and I'm able to get through 200+ MCQs a day (while re-reading any questions that are slightly confusing and understanding why each answer is right and wrong). What else other than MCQs should I be doing? Did you guys get value from re-reading the tougher sections (transaction cycles and such) or is going back through the book not as effective as MCQs? I'm willing to spend around 5-6 hours a day preparing and I have no problem with overstudying or overpreparing since this is literally the only thing on my plate right now.

    #2489283
    DGR10
    Participant

    David,

    This is my first time taking it as well. Mine is July 3rd. Good luck to you.

    I’ve heard from practicing auditors that have passed the test that the amount of hours you spend studying and practicing directly impacts your chance at passing but we all learn differently.

    Let me know how you do?

    Best,
    David,

    #2490282
    David
    Participant

    Quick question. When you do an integrated audit, is your opinion on internal control an opinion over YOUR assessment of the operating effectiveness of internal control or is it an opinion over management's assessment of internal control?

    #2490465
    DGR10
    Participant

    David,
    Check out PCAOB’s Standard No 5. Management is responsible for internal control over financial reporting. If they say their controls are effective then, we as the auditors have “to obtain sufficient evidence to support the opinion” The auditor’s objective is to express an opinion on the effectiveness of THE COMPANY’s internal control.

    #2492823
    SIDIEULEVEUT
    Participant

    Hi everyone, first time here. Just got my REG score and getting ready to start studying AUD. Officially starting on Monday 🙂

    #2493243
    23
    Participant

    Congrats @sidieuleveut on the REG score. I'm restudying for AUD, scheduled for July 18. I received a 73 in Feb, then focused nearly all of Q2 on REG. It may be a week or two past when I preferred to schedule, but I'm going to take advantage of the extra time. Good luck to all!

    WA candidate

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