[jeff]

Welcome to the Q2 2017 CPA Exam Study Group for AUD. 🙂

[Jmac645]

SO I just took the new AUD exam this morning. I had a question regarding the content of one of my TBS questions. It was absurd, & not mentioned at all in Becker & i'd assume in any audit textbook. Am I allowed to mention it more specifically or will the AICPA come after me?

[Anthony]

@jmac645 Were the TBS that bad? How bad were the ones with supporting documents? Unfortunately, you can't go over the specifics. That question could probably been a pretest.

[distracted]

@jmac Can you share, the question belonged to which topic in Audit. how was the rest of the test

[HERMZ89]

Hi Everyone,

I just took my AUD exam yesterday. The new exams aren't as bad as before. I personally thought the MCQ are easier than before, but the sims are definitely harder. I used Becker/Wiley exams for practice sims and exams which were conceptually manageable coming to the exam sims. Do they still take out one sim as they did in the old version? Also you technically dont need to take the standard break if you don't want to.

[cpa007]

@jmac645 Probably the Q you are talking about is pretest. There is a simple sim on aicpa website. Do you thing sim are similar to those in actual exam. How was rest of the exam. Was there too many lengthy sims. Was the MC easy or difficult. Do you think Becker sim prepared you well. Any advice to for people like me who has audit in 2 weeks.

[HERMZ89]

@cpa007, I would do all sims from both BECKER/Wiley. Those helped a lot. Redo all skills based from becker and mcq from both Becker/Wiley. (wiley is more difficult and are never in the same order. If you find your having trouble in a particular area, I would create flash cards. That's what I did and it helped (transaction cycles/Risks). The last 5 days I would do at least one practice exam a day to build that confidence. The AICPA smaple exam helped a lot too. I only had one lengthy sim. Again the sims are medium/hard and the mcq are easy. Goodluck!!!

[Jmac645]

The exam overall wasn't bad. This is my second time taking it, so I went in with a bit more confidence. The MC weren't bad. In comparison to Becker i'd say they were about the same. Maybe even a little easier since they are a little less specific. All in all very similar though. Not one MC question did I not at least have a very educated guess. Then I got to the first TBS question. I'll try not to be too specific, but it was an adjusting entry problem. I pay $3,000 for Becker, so I assumed the program would at least cover everything. The question asked regarding Bonds, including bond premiums as well as bond discounts. This was something I had learned in Intermediate Accounting II, & something very suitable for the for the FAR exam. However, seeing as I am taking AUD, I had not looked at these in years. I have never dealt with them at work in the real world yet. I was informed that if any adjusting entry problems came up, they would be very general. Unfortunately this one was not. I am strongly hoping this was a the pre-test question, because if I studied for this exam 100 times that is something I would never have studied. If it wasn't a pre-test question, I find it extremely unfair & a huge stretch on what we are supposed to be studying. Why break the CPA into four sections if virtually anything is testable? I dont know, i'm ranting now lol. Anyway, I had one other TBS that I found unfair, where I was placed as a senior auditor in a problem. As a first year staff, this seemed unfair as well. A senior is as high as you can get without your CPA in my firm, so i'm confused why I'm forced to think like one when i'm taking an exam to eventually become a CPA. This question gave me multiple documents, numbers, conceptual parts, everything. Seemed like a workpaper from work where i'd be budgeted for 3-4 hours maybe. All-in-all nothing too different about this exam from the previous time I took it. MC a little easier, TBS a little harder. I'd say just study the material & learn from MC questions by reading the right & wrong answer explanations. Be familiar with TBS formats, but this just goes to show that they will hit you on TBS questions any way they want to.

[Anthony]

@jmac645 Thank you for sharing. Only thing that worries me is the sims with supporting docs. FAR topics don't scare me one bit and I'm really hoping the I'll get some when I take the exam, but I can definitely see why a lot of people who took the exams complains about it the most.

I wish you the best of luck when you get your scores back.

[HERMZ89]

@jmac645, I had the same feelings for those ones you explained

[Jmac645]

No problem guys! @anthony I agree, coming out of college I had a very sound knowledge of accounting, so FAR doesn't scare me as much as most people. That subject would have given me no problem had I studied the topic. However, I didn't because this was AUD. I was under the impression that on the off chance I got adjusting entries, they'd be basic ones. Just doesn't seem fair, ya know? Anyway, thanks guys, hope it was enough this time around!

[cpa007]

@HERMZ89 and @jmac645 , Thanks for sharing your experience. Hope for the best. I agree everything is fair game on the cpa exam. Gook luck ! Hope we all pass.

[Anonymous]

When is everyone taking their test and how are you feeling about it thus far?

[off_beat]

Hey guys, just took AUD today .. This is also my second time taking it (72 the first time) and I ended up finishing pretty early only bc I knew I couldn't figure out my bond question so I had to move on. All in all I just hope that this time I pass. Goodluck guys!

[IwannabeaCPA2017]

10 more days for me and still wrapping up Ch4. I think I kinda gave up half way through. Hoping for the best and trying my best to review in the last few days. My 4th time and it aint easier for sure. Just wanna pass before Oct to avoid losing anything.. given my state may not even extend when I have 2 sections left. Good luck all!

[Smith]

@off_beat thanks for the info!!

[Author]

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