[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

[CH89]

@Boo Boo – Good luck! I took AUD yesterday, and had a similar experience. First testlet seems easy, maybe too easy? The second testlet definitely felt more difficult. Some of the SIMs appeared to be “easy” while others were a bit difficult, I lucked out and didn't have any DRS or many exhibits to go through. The wait begins!

[boo boo]

@CH89 Good Luck! You should be receiving your score June 11th, also. What material you used to study?

[CH89]

@Boo Boo I know, but it still requires patience haha. I used Wiley and supplemented it with Ninja. How about you?

[boo boo]

@CH89 I used Gleim only.

[A_Rish]

Can someone please help explain the answer to this questions in my AUD review course? I've gone through this SIM twice and honestly cannot figure out what I'm missing. The part in questions is essentially this.

Per simulation, client's Days sales in AR increase from year 1 to year 2. From 39 to 40. Here are the explanations I'm given to choose from:

A. Credit terms were restricted on several large accounts during the current year.
B. A smaller percentage of sales occurred during the last month of the year, as compared to the prior year
C. A larger percentage of sales occurred during the last month of the year, as compared to the prior year
D. Sales decreased as compared to the prior year

According to my course, the answer is C. What's the logic there? Since DS in AR = 365/(Net Cr. Sales/Avg. AR), wouldn't either sales have to decrease as compared to AR or AR increase as to sales? How does pushing the sales back towards the end of year affect this? Totally stumped. I;m sure the answer is quite simple though lol. Any help would be appreciated.

[boo boo]

Hi,

In order for days sales to increase there hath to be an increase in accounts receivable turnover (meaning there was an increase in sales) because the days change would probably never change unless it’s a bankers year or a leap year.

[Kevin]

Basically, it is just simply saying that the A/R balance is higher at year end because the larger portion of sales was recorded in December. Therefore it will also most likely have a larger account balance in A/R. As a result this will affect the days sales in A/R number.

[Parker]

Just an observation, but why is this group so much quieter than the other three sections? Just wondering what the thoughts are. Good luck everyone!

[ineedthiscpa45]

@Parker probably because everyone in this group is unsure on how they scored lol especially me personally. Too audit for the 3rd time and I’m still clueless on if I actually did better. We’ll see Wednesday though!

[Elich]

Audit keeps knocking me down, I try to get up but knocks me down again 🙁 🙁 🙁 Moved to FAR.

[PDiddy2000]

Anyone else waiting for AUD scores on June 19? I'm a little anxious. I took a break from studying until I find out my score so I have nothing to pre-occupy my time except for work.

[ineedthiscpa45]

@PDiddy2000 yeah I am a bit. This is my 3rd time taking audit and honestly I’m telling myself I didn’t pass so that if I don’t I’m not shocked. With this being my 3rd time taking it I can’t even tell if I actually passed (shrugs)

[Parker]

I know we all are anxious for scores, but how early does the eye trick usually work before a scheduled release date?

[Momo]

Hi all!

It's my first time in any of these forums. Got score for Q2 testing window and found out I failed AUD…AGAIN!! And I'd started studying for REG. Honestly I felt so disappointed and discouraged that I contemplated quitting this journey altogether, but I'm so glad to have found a community of people who have either gone through this process or are currently going through the process. WE SHALL OVERCOME!

Based on my performance breakdown, I'm weaker in the Assessing Risks and Performing further procedures sections. Biggest issues for me are testing assertions for inventory and TBS related to confirmations. Does anyone have any tips on how to grasp this subject matter? Also whatever happened to actual in class/on-site review courses?

[ineedthiscpa45]

@momo I’m in the exact same boat! Literally almost the same. Just took auditing for the “3rd” time and I’m unsure if I passed so I’m gonna move on to Regulation regardless. I don’t know what it is with that exam but I could never gauge how I actually perform, then I get my score and it confirms all doubts. Hopefully Reg a feel fresh and new and keep me excited about the actual CPA exam. I’m over Auditing

[Author]

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