[jeff]

AUD Study Group Links and Resources:

1. NINJA Monthly – $67 AUD Course
2. Free AUD Notes
3. AUD Course Comparison
4. How to Pass AUD (with NINJA)
5. How to Pass AUD (in 20 Days)
6. How to Pass AUD (after Failing)

See Also:

• FAR Study Group
• AUD Study Group
• REG Study Group
• BEC Study Group

[ahugemistake]

Hi Everyone, AUD is my last exam and I'm ready to give it my all. I want to sit in mid August, and I'm using Wiley and Ninja for my final review. I'd appreciate any tips anyone has for where to focus on the most? I passed AUD back in 2016 and have already forgot what was even tested. Goodluck to everyone prepping to sit in the upcoming testing window. WE GOT THIS!

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[Kostas]

Regarding Becker's 3 Mock Exams.

For FAR, I scored a 51%, 57% and 51%. I passed with 75.
For AUD, I scored a 60%, 62% and 63%. I passed with 78.

Moral of the story: Don't let Mock Exams to let you down. They're more difficult compared to the real test, you should not be disappointed by a bad score.

Good luck everyone!!

[sashapalekha]

Hello. AUD is also my last section. Planning to take it on September 1. Good luck to everyone!

[M]

Rescheduled my FIRST cpa exam (AUD)for July 2nd. Less than 2 weeks left! What main topics to focus on?! Advice on sims needed badly! #StressedOut

[David]

I've heard from others to have an extremely thorough understanding of management's assertions (completeness, existence, etc..), how to audit them (directional testing and what documents to look at) and the different transaction cycles.

[the marathon continues]

Hi everyone, BEC expires for me on 9/5, I'm planning to take AUD on 8/26. This will be my 3rd attempt , best of luck to everyone!

[23]

Good luck @TMC! What is your plan for this attempt? I need to focus on reports for my retake. I believe that weighed heavily on the sims (scored weaker).

WA candidate

[ahugemistake]

Goodluck Marathon! What's the most difficult part for you in AUD? Have you done auditing before?

FAR - 78*
AUD - 66, 79
REG - 73, 76
BEC - 79

[David]

Is it even possible to feel prepared for this exam? I passed FAR with an 87 and felt mildly ok going into the exam, but I have AUD next Tuesday and I honestly don't feel like I've learned much. This is weird because I am regularly scoring 85-95% on my sets of MCQs, got 43/50 of the recently released AICPA questions correct, and got a 79 on my Becker mock exam. This exam blows

[RJ]

What does “at relevant assertion level” mean?

[Ralphie Dos Nachos]

@RJ relevant assertion level is the COVERU mneomonic if you use becker….The relevant assertions for Account balances, transactions, and presentation disclosure.

C= Completeness
O= Cutoff
V= Valuation, Allocation, Accuracy
E= Existence
R= Rights & Obligations
U= Understandability & Classification

Account Balances, the relevant assertions are (CVER)
Transactions, the relevant assertions are (COVEU)
Presentation and Disclosures, the relevant assertions are (CVRU)

[RJ]

Thanks, now it makes sense. I didn't know it referred to those 13 assertions… Somehow Wiley didn't make that link clear.
good luck in your exam!

[David]

How is a compilation considered an attest engagement when independence is not required? I understand that if you are not independent you must disclose. Does this mean that the only difference between a compilation and a preparation engagement is the fact that you issue a report in a compilation engagement? When I was in school I remember learning that independence was required for attestation. Is a compilation literally the only attestation engagement that doesn't require independence?

[75]

Check out AR Section 80 .21

[asdf]

An auditor concludes that there is substantial doubt about an entity’s ability to continue as a going concern for a reasonable period of time. If the entity’s disclosures concerning this matter are adequate, the audit report may include a(n)

Correct answer: Disclaimer – yes, Qualified – No

Isn't it that substantial doubt to continue as a going concern is Unqualified with Emphasis Matter paragraph?
so i chose no/no for both.
i'm confused why it is also considered as Disclaimer

any help is greatly appreciated! thanks!!

[Author]

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