[motown13]

So I am taking AUD, my first try at it, and my last CPA exam. I am very nervous because I haven’t had the same amount of time to study for it. I can’t tell if I am memorizing answers from Becker or actually have an understanding of the minutia. Anybody use Becker and pass and have any suggestions? I just want this whole experience to be over!

AUD: 2/22/14
BEC: 92
FAR: 85
REG: 89

[motown13]

Thanks very much for the advice! I have not taken the final exams yet, and I will be on Wednesday and Thursday. I am sure I will be freaking out more after my results then!

AUD: 2/22/14
BEC: 92
FAR: 85
REG: 89

[LongShot]

There's really no way around it-you have to know the different reports inside and out. Beyond that, just make sure you know the different relevant assertions and what order you would do things in a given engagement. Reports would be the thing to study if you don't know them 100%.

FAR - 75
AUD - 72; 87
REG - 64; 74; 84
BEC - 88

Done!!

[LongShot]

There's really no way around it-you have to know the different reports inside and out. Beyond that, just make sure you know the different relevant assertions and what order you would do things in a given engagement. Reports would be the thing to study if you don't know them 100%.

FAR - 75
AUD - 72; 87
REG - 64; 74; 84
BEC - 88

Done!!

[Fil-Am]

Thanks Longshot

Anything worth doing is probably not easy, but the rewards are worth it. (unknown)
Please feel free to add me on LinkedIn just to say hello or stay in touch.

CPA Exam - PASSED 2014
CALCPA Ethics - Passed 2014
CA CPA License - Pending

To God be the Highest Glory. Little Miracle happens every second!

[Fil-Am]

Thanks Longshot

Anything worth doing is probably not easy, but the rewards are worth it. (unknown)
Please feel free to add me on LinkedIn just to say hello or stay in touch.

CPA Exam - PASSED 2014
CALCPA Ethics - Passed 2014
CA CPA License - Pending

To God be the Highest Glory. Little Miracle happens every second!

[Kyndra]

Hello,

I am also taking Audit soon, on the 2/28. This will be my 4th attempt, 58, 72, 72. I am a lot more focused now, I'm using Becker and Ninja Notes, I have gotten through Becker 100% which is a first! I would usually just watch the lectures and do only a few Multiple Choice. This time around I am really focused on Multiple Choice. The last time I took Audit, when I got a 72 I got a 68% on multiple choice on the Becker practice exam. Now that I am focused, I got a 81% on multiple choice for the Becker practice exam. I'm not sure if the practice exams mean anything, but I hope so. I would really like for all of my hard work to pay off and pass Audit!

In reading these posts, people are mentioning “know the reports” Does that mean, Audits, Reviews, Compilations? And when people say “know the assertions” Does that mean management's assertions on the financial statements? Example: Completeness, Cut-offs, Valuation, Allocation & Accuracy, etc? Just checking!

Thanks! 🙂

FAR - 69
BEC - 80
AUD - 58, 72, 72, 79 Finally! 🙂
REG - 10/10 - waiting on score

[Kyndra]

Hello,

I am also taking Audit soon, on the 2/28. This will be my 4th attempt, 58, 72, 72. I am a lot more focused now, I'm using Becker and Ninja Notes, I have gotten through Becker 100% which is a first! I would usually just watch the lectures and do only a few Multiple Choice. This time around I am really focused on Multiple Choice. The last time I took Audit, when I got a 72 I got a 68% on multiple choice on the Becker practice exam. Now that I am focused, I got a 81% on multiple choice for the Becker practice exam. I'm not sure if the practice exams mean anything, but I hope so. I would really like for all of my hard work to pay off and pass Audit!

In reading these posts, people are mentioning “know the reports” Does that mean, Audits, Reviews, Compilations? And when people say “know the assertions” Does that mean management's assertions on the financial statements? Example: Completeness, Cut-offs, Valuation, Allocation & Accuracy, etc? Just checking!

Thanks! 🙂

FAR - 69
BEC - 80
AUD - 58, 72, 72, 79 Finally! 🙂
REG - 10/10 - waiting on score

[LongShot]

Yes, Kyndra, you'll have to know all of the different reports, how you would modify them, and the order of all of the paragraphs in them. And also yes, it refers to management's assertions on the financial statements. I underestimated the importance of these two things the first time around and failed. Really the only thing I changed the second time around was making sure I knew absolutely everything about these and did just fine.

FAR - 75
AUD - 72; 87
REG - 64; 74; 84
BEC - 88

Done!!

[LongShot]

Yes, Kyndra, you'll have to know all of the different reports, how you would modify them, and the order of all of the paragraphs in them. And also yes, it refers to management's assertions on the financial statements. I underestimated the importance of these two things the first time around and failed. Really the only thing I changed the second time around was making sure I knew absolutely everything about these and did just fine.

FAR - 75
AUD - 72; 87
REG - 64; 74; 84
BEC - 88

Done!!

[OneStep]

@LongShot, when you say that you have to know the management assertions, what exactly do you mean?

I know which assertions are for transacations, account balances, and disclosures. And I have been practicing MCQ on transaction cycles, where I see a lot of questions on the different assertions.

How did you study for the management assertions?

FAR - Apr 2013 - PASSED
REG - Oct 2013 - PASSED
AUD - Apr 2014 - PASSED
BEC - May 2014 - PASSED

[OneStep]

@LongShot, when you say that you have to know the management assertions, what exactly do you mean?

I know which assertions are for transacations, account balances, and disclosures. And I have been practicing MCQ on transaction cycles, where I see a lot of questions on the different assertions.

How did you study for the management assertions?

FAR - Apr 2013 - PASSED
REG - Oct 2013 - PASSED
AUD - Apr 2014 - PASSED
BEC - May 2014 - PASSED

[Kyndra]

Hi LongShot: Thanks for the information. I will step up my review on them! They can be tricky, so I might have to spend a few days on them.

OneStep@a Time: I am studying the 6 assertions by knowing what auditing procedures work for each assertion. Example – For Completeness the auditing procedures are Tracing, Analytical Review, & Observation. Maybe that will help you also?

FAR - 69
BEC - 80
AUD - 58, 72, 72, 79 Finally! 🙂
REG - 10/10 - waiting on score

[Kyndra]

Hi LongShot: Thanks for the information. I will step up my review on them! They can be tricky, so I might have to spend a few days on them.

OneStep@a Time: I am studying the 6 assertions by knowing what auditing procedures work for each assertion. Example – For Completeness the auditing procedures are Tracing, Analytical Review, & Observation. Maybe that will help you also?

FAR - 69
BEC - 80
AUD - 58, 72, 72, 79 Finally! 🙂
REG - 10/10 - waiting on score

[LongShot]

@OneStep@aTime: It's pretty much like Kyndra just mentioned. It's a matter of knowing what the assertions are, what assertion is being asked in the question, and what procedures would be used to test that particular assertion.

It seemed to me like when they asked questions about these, all of the answer choices would be legitimate audit procedures that would normally be performed, but you would have to identify the one that most directly related to testing the assertion mentioned in the question. I think that's what tripped me up more than anything the first time was just the way they like to ask these questions on the exam, so I wasn't always picking the procedure that most directly related to testing the given assertion. Studying the second time, I just made sure I knew what they were, what procedures you use for them, and did multiple choices questions over and over until I'd gotten completely used to the way these questions were asked and could answer them both quickly and correctly.

FAR - 75
AUD - 72; 87
REG - 64; 74; 84
BEC - 88

Done!!

[LongShot]

@OneStep@aTime: It's pretty much like Kyndra just mentioned. It's a matter of knowing what the assertions are, what assertion is being asked in the question, and what procedures would be used to test that particular assertion.

It seemed to me like when they asked questions about these, all of the answer choices would be legitimate audit procedures that would normally be performed, but you would have to identify the one that most directly related to testing the assertion mentioned in the question. I think that's what tripped me up more than anything the first time was just the way they like to ask these questions on the exam, so I wasn't always picking the procedure that most directly related to testing the given assertion. Studying the second time, I just made sure I knew what they were, what procedures you use for them, and did multiple choices questions over and over until I'd gotten completely used to the way these questions were asked and could answer them both quickly and correctly.

FAR - 75
AUD - 72; 87
REG - 64; 74; 84
BEC - 88

Done!!

[Author]

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