[jeff]

Resources:

AUD 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

AUD Exam Experience: https://www.another71.com/cpa-exam-forum/topic/aud-exam-experience-official-thread

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[SeePeeAyy]

Wanted a 5/31 testing date, but took a 5/29 for AUD.

Not starting my studying until 5/1 and hopefully going to power through it.

[marwan]

@Journhi i'm also planning to take AUD 8/9-5 . Your studying plan seems to be perfect but another tip is to watch lectures and read material only one time . If you don't understand something , don't waste your time trying to get it, dive into MCQs and you will get it.

It may be something you know or old tip but i wasted a lot of time re watching lectures and reading materials, found it doesn't help anymore, MCQs help.

I'm using becker materials and look forward to get NINJA notes to keep refreshing my mind.

Good luck and sorry for bad english 🙂

AUD - 71
FAR - 54
REG - N/A
BEC - N/A

[Journhi]

@Marwan Thanks for the advice! I will keep that in mind. I my old method was not working. Good luck on your exam!

FAR: 62;79
AUD: 76
REG:67; 77
BEC: 68;66; 12/05/13

[neika822]

@Journhi – Good luck!!!

I've been listening to the audio on my commute to and from work and it's definitely helping!

R - *77*(02/'13)-Becker & NINJA
A - 71('11); *87*(04/'13)-Becker & NINJA
F - *76*(08/'13)-Becker & NINJA - "server upgrade" survivor
B - 60('11); *82*(10/'13) -Becker & NINA

DONE, DONE, AND DONE.

CPA in Massachusetts; issued 01/24/14

[MintsRGood]

@Journhi Good luck!!! You will definately find a great support network on this forum! I've found everyone to be helpful, enouraging, and willing to provide honest feedback! Keep at it and check in when you need a boost!!!!!!!!!!

@neika882 I'm also listening to Ninja audio in the car and it makes a huge difference, I couldn't have passed REG without it! I've also been playing the audio and recopying the Ninja notes at the same time, like Jeff is the professor giving a lecture! It's really been helping the topics stick for me!

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

[Topsya]

Hi everyone!

I am taking the exam on April 1st. This is going to be my fist time. Cannot wait to go and finally take it because I've been studying for a while now (almost 3 month) and I feel like I covered everything that I possibly could. However, I still ran into some little questions here and there each time I go over MCQ or SIMs.

I would really appreciate if some of you could clear this stuff for me:

I was working on SIM this morning (Wiley 2012 Review Book) and there was this question:

(you need to pick an internal control for a possible error/fraud)

Here is the error situation:

– invoices are sent for shipped goods, but are not recorded in the sales journal

The correct internal control here is:

– daily sales summaries are compared with control totals of invoices

What I cannot understand is how is it possible to even record an invoice without recording a sale? As far as i know, when you billing a customer, you create an invoice and accounts receivable get debited automatically and sale gets recorded as well. (at least in the computer environment)

Im really confused….. help….?

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[Topsya]

oh, actually one more question to those of you who already took the exam. What types of AL is included in AL tab? I mean are there going to be only SAS, PCAOB and other auditing standards? Should I expect to see FASB there too?

Thanks!

AUD - 90
FAR - 83
BEC - 81
REG - 80
ETHICS - 100

[jamesb]

@Topsya..I use only Becker. Shipping docs provide evidence that sales have occurred. Sales invoices provides evidence that sales are recorded in the journal.

Comparing Shipping docs with Invoices provide evidence that all items shipped are properly invoices. If an auditor finds an invoice, but no shipping doc, that mean, a fictitious sales recorded to overstated sales/revenue.

About AL, everything is included there just like a database or whatever your study material has it.

AUD: TBA-
FAR Done
BEC Done

Becker
NINJA for AUD

[js929]

Is anyone else having trouble understanding the audit procedures applied to management assertions? (Becker: Lecture A4). This is my last exam, and I feel that this is the hardest topic out of all the CPA exams. I cannot grasp this to save my life. Any advice would be great!

FAR- 80 (10/27/12)
REG- 89 (01/10/13)
BEC- 84 (02/28/13)
AUD- 87 (04/12/13)

DONE!!!

[zahid1981]

Taking Audit in May using Yaeger materials. Good luck to everyone. I have been writing a lot of notes, whatever the teacher highlightesI write it down in a notebook. With MCQs I pause the video and do it myself. I also write the explanation at the end of the chapter for the MCQs.

[Anonymous]

Quick question regarding Attribute Sampling and the Relationships w/ Sample Size:

An INCREASE in the risk of assessing control risk too low, results in a DECREASE in sample size.

I've read that over to the point that I could pick it out of an MCQ line up, but I'm not sure if I fully grasp the concept. Can someone break it down and explain it to me as if you were talking to someone who had limited experience in auditing?

[NickT]

@mintsrgood

how did you make out over the weekend? I got mod 4 done. no MCQ but read the material and took a ton of notes. what you think thus far?

[Anonymous]

Mints didn't have time to study this weekend…

Too busy celebrating ANOTHER Spartans trip to the Sweet 16!

[rjcpa]

FAR - 10/3/12 - 86
BEC - 11/27/12 - 70 1/14/13 - 81
AUD - 4/4/13 - 87
REG - 7/8/13 - 80

[Anonymous]

@Casey, I was spinning my head too trying to figure out this theory earlier on. Whoever invented “Audit Sampling” is crazy!

“INCREASE in the risk of assessing control risk too low” means the auditor increases the control risks on his audit [the auditor does not care anymore and decides to be lazy to do more audit work, lol] so he decides to DECREASE his sample size.

[Author]

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