AUD Study Group April/May 2013 - Page 19

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  • #414661
    Anonymous
    Inactive

    Practice using the Auth. Lit. until your fingers bleed.

    Also, don't blow off lame subjects like Professional Responsibilities. The AICPA only wants the most ethical practitioners so they'll ram that stuff down your throat! That applies to all sections of the CPA exam.

    If you haven't taken AUD before, it might be a good idea to do a few full length practice exams so you get a good feel for the timing.

    Other than that, just keep practicing your MCQ's and make sure that you get a full nights sleep the night before!

    #414662
    gobias
    Member

    Anyone else feel like they barely get any return on reading the text? For FAR & REG, re-reading the text was actually useful, but for AUD I feel like I hardly retain anything. It's just boring concepts that all sound the same. I don't understand the differences until I go through the MCQ's.

    I might just do straight MCQ's for review and nothing else.

    F - 86
    R - 90
    A - 97
    B - 91

    #414663
    Anonymous
    Inactive

    gobias,

    i definitely feel i understand the concept better after i've gone through the MCQs but i like to go back and read each section after i've done questions since the subjects will make much more sense to me. i feel i can digest them more easily and retain more info. of course, this is a bit more time consuming and wouldn't be helpful if you didn't have plenty of time to go back and read the sections a second time.

    #414664
    Zaq
    Participant

    I feel like listening to the lectures from Tim were a lot less useful than the lectures in REG and FAR. They're essentially reading straight off the page, but actually skipping concepts that are frequently asked in the MCQ's! Sometimes I'll get a question and be like, “WTF? Where did this come from?”, go back into my book, and realize it wasn't talked about nor highlighted.

    Quick question: How did you guys wrap yourselves around Transaction Cycles? I've looked at the lecture and re-read the chapter portion, but there's so much detail amongst such a large concept that it's very difficult to grab the understanding of how to answer some questions. I get the general ideas of like… what transaction cycles exist, the kinds of I/C within each cycle, how there needs to be a segregation of duties, tracing up from source docs to F/S, and vouching down from F/S to source docs, completeness vs. existence, understatement vs. overstatement…

    I get the general concepts, but some of the much more detailed questions hit me like a truck.

    FAR: 50, 76!
    REG: 74... (ouch baby, very ouch), 76!
    AUD: 65, 91!?
    BEC: 80! Aaaand doneskies!

    May 2012 to August 2013. Can't believe it's over.

    #414665
    Anonymous
    Inactive

    9 hours of studying yesterday, another 9 today. weeeeeee

    #414666
    Mirah Nirvana
    Participant

    Sat for AUD yesterday. Wasn't too bad. We will see when the scores are available.

    FAR: 74 (8/25/12), 63 (2/16/13), 73 (8/24/13), 75 (11/23/14) ->>>>finally
    AUD: 77! (4/13/2013) lost
    BEC: 77! (5/25/2013) losing...
    REG: 57 (7/6/13), 49 (5/3/14), 64 (8/23/14), 68 (10/6/14) <--- 🙁

    CPA before my birthday hopefully! 🙂

    #414667
    Anonymous
    Inactive

    Gooooo Mints! Good luck this week!

    #414668
    MintsRGood
    Participant

    Thanks Casey!!!!!!!! I am ready to get this rematch done and over with; tomorrow @ 1pm can't get here fast enough!

    Looks like we are on the same track for BEC @ the end of May! I never thought that I would say that I'm actually looking forward to studying cost accounting, but LBH I'm ready to study anything else besides auditing!!!!! 🙂

    Good Luck Everyone!!!!!! 🙂

    REG: 75 DONE 🙂
    AUD: 61, 71, 68, 92 DONE 🙂
    BEC: 76 DONE 🙂
    FAR: 72, 74, 79 DONE 🙂
    Licensed Michigan CPA 🙂
    -Some people dream of success...others wake up and work hard for it!!!
    -The cowards never start and the weak die along the way!
    -You better work, b***h!
    -Only those who dare to fail greatly can ever achieve greatly.-JFK

    #414669
    mmc.545
    Member

    Can anyone give me a quick explanation as to why the risk of over-reliance on I/C (type II error) has an inverse relationship to attribute sample sizes?

    #414670
    TAJCPA
    Participant

    @ Casey! Thank you very much! Good luck with BEC!

    #414671
    taxguy1341
    Member

    So, my auditing test is 4/18 – yes Thursday… I still haven't finished A6 – probably an hour left in lecture.. I figured I would review it Wednesday night so it would be fresh. I did A3 home work today and then decided to try the questions without review and did well so I skipped that. I reread all the chapters and am doing Chapter 4 homework. I'm off the whole week. I think A3 and A4 are killer…. the questions related to the transaction cycle kick my a$$. this will be my 3rd test, and I've passed FAR and BEC the first time…hopefully this will go the same??

    FAR - Passed 77 (November 2012)
    BEC - Passed 83 (February 2013)
    AUD - Passed 87 (April 2013)
    REG - Passed 89 (July 2013)

    #414672
    lbi18
    Member

    Hey AUD group!

    I'm currently working on Fraud Risk in A3. Does anyone else feel that many questions from this area are based on common sense and pure educational guesses? There's just so much information that it's impossible to remember every bit of information that Becker throws at you.

    FAR - 85
    AUD - 99
    REG - 85
    BEC - 10/4/13 (Waiting)

    Using Becker Self-Study

    #414673
    Anonymous
    Inactive

    apparently i didn't submit my post…

    when you all use the AL, do you just search for a few important or key words and then search for those words in each of the results until you find the exact wording?

    #414674
    Zaq
    Participant

    Just took a 150 question Wiley Practice Exam for AUD. Got a 72%.

    Also scoring average of 75% – 80% for Becker.

    The strange part is that for REG I felt that the questions for Wiley were definitely much more difficult and trickier than Becker, but with AUD I feel like… well, the difficulty level is the same. The biggest difference is that Wiley tends to hit you with a lot of curveballs with information that is normally less emphasized:

    – Lots of CAATS and IT questions.

    Also, I saw several questions that were exactly the same from Becker.

    Anyway, I hope I'm prepared. I want to be scoring higher, but Wiley doesn't play when it comes to exposing your weak areas or things you didn't know existed. My test is this Thursday. Plan on rewriting more Ninja Notes tonight. Waking up early and slamming out as many MCQ's as I can. Then start unwinding around 6:00 -7:00pm via rewriting my 20+ pages of single spaced notes that I took from questions that I got wrong/didn't understand/got right but wasn't 100% sure.

    Just really hope I'm prepared. Getting that 74 in REG might have been one of the worst feelings I've ever experienced from an academic level, and I never ever want to experience it again.

    Shooting for 99; hoping for 75.

    FAR: 50, 76!
    REG: 74... (ouch baby, very ouch), 76!
    AUD: 65, 91!?
    BEC: 80! Aaaand doneskies!

    May 2012 to August 2013. Can't believe it's over.

    #414675
    Anonymous
    Inactive

    good luck inferno. you sound prepared. you'll crush it tomorrow

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