AUD Study Group April May 2017 - Page 11

Viewing 15 replies - 151 through 165 (of 486 total)
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    Replies
  • #1530969
    QueenCPA
    Participant

    When is your exam @kman21?

    AR = RMM * DR
    RMM = CR*IR

    These affect the direction of the audit risk. Which review material are you using?

    #1530972
    kman21
    Participant

    @QueenCPA my exam is in end of MAY and I am using roger and gleim both which i was blessed enough being handed down, to my first read will be roger and second read will be gleim and i am thinking about purchasing ninja MCQ

    #1530973
    kman21
    Participant

    oh thanks for your help on the audit risk

    #1530975
    kman21
    Participant

    @QUEENCPA what is your opinion on the review materials?

    #1531147
    janbocpa
    Participant

    @kman21 I also have difficulty understanding of Audit risk topic, when do we increase audit risk ( Inherent, Control, Detection), decrease audit risk etc. If you found a good material can you please share with me? Thank you

    #1531153
    fwesley
    Participant

    I have access to authoritative literature but it doesn't actually help me! I know when I studied for REG I used the Cornell Law website which had everything. Is there something like that for AUD? I am using Roger's and there are practice research questions and I have no idea how to answer them… HELP!

    FAR: 65 (still drying my tears) 2nd attempt: 7/2016
    BEC: 81 5/2016 (WOO FIRST PASS!)
    REG: 5/2016
    AUD: 8/2016

    #1531225
    vivianwang89
    Participant

    Hi guys,

    This is my last exam. Hope I can pass this time!

    #1531278
    Anonymous
    Inactive

    Hello everyone-took AUD on Friday, April 7th. The feeling coming out of it was similar to BEC which I passed, which was somewhere in between WTF and that wasn't bad… I took probably no more than 30 min. for MCQs which were considerably more puzzling in the second testlet and seemed to hit my every weakness-if I fail, I know why. The SIMS were a mixture of doable and WTF. My advice on those, is do every single one in Ninja, and do some of the ones you score low on twice. I did probably 40 of them the night before my exam, and I think it helped!

    #1531305
    kman21
    Participant

    @janbocpa From my understanding I might be totally wrong and please correct me, because i want learn also. That an audit risk it increase when the auditor has high level of doubt in the company, for example if a government came out with a new rules and regulations, that means the auditor should decrease it level of risk because of the fact that it will have less to worry about, because as company you have to follow rules and regulations of the government. On the other hand if one company has an HIGH turnover rate in their accounting department that means you have to increase the audit risk because you to ask your self WHY the high turnover right and having new accounting members mean that it easily for a new accountant to make an error so you have to increase the audit risk. UMmmmmmmmmm i really hope i am right but if not sorry this an example of how i look at the audit risk i might be completely wrong but please correct me and for @JANBOCAP i hope this helps if i am right key word if i am right lol

    #1531884
    aishwaryaganesh186
    Participant

    @fwesley- Hi, even I am using Roger and my exam is on 21st April. I just started working on the research questions yesterday and faced the same problem. I just did a couple of them by using google to see if i get the right answer. You can try the same. For some reason the NASBA link for authoritative literature is not opening..any suggestions on that?

    #1531900
    aishwaryaganesh186
    Participant

    Hi,

    I have my exam coming up on 21st April and I am having difficulty in understanding the Professional Responsibilities and Ethics section. Any suggestions on how to approach this section?

    Thanks!

    #1531933
    Anonymous
    Inactive

    Can everyone kindly explain their study methods? Hours you put into studying and what review courses you are using?

    I am using Becker CPA review and going to supplement it with NINJA MCQ. What are your thoughts on this? I study (or try to study) 3-4 hours a day, probably going to study for a month before taking the AUD portion of the exam.

    #1531935
    kelam81602
    Participant

    I'm taking the AUD exam on May 4th.
    1st time I got a 59, second time a 60, with Ninja I got a 70. hoping this time is the last time.
    Planning to go through every SIM and do as many as possible of the MCQs.
    CPA HERE I COME!!!

    FAR Passed
    REG Passed
    Bec Passed

    #1531938
    Anonymous
    Inactive

    @KELLIE @Kellie did you study solely with Ninja and nothing else?

    how do you reply directly to a post… I can't reply to your post directly, the @ key doesn't even work.

    #1531944
    kelam81602
    Participant

    I started with Rogers but transitioned to Ninja over the last year. I will say Ninja's MCQ has brought my grades up at least 10 pointed for every section.

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