[MCLKT]

Hi all of my Auditing class of 2013 Ninjas!

Is there a study group topic for Jan/Feb 2013 yet?

If not, can we start one?

I have scheduled my exam for 1/11. This is my second try (73 in Aug. 2012). Tonight I am going to take a mini practice exam to see what I remember and get and idea of my weak spots. And tomorrow I begin re-watching Yaeger vidoes. The entire timeline is to work book questions as I go through each module. Wrapping up the last video by Dec 14. And will do nothing but review, review, review until 1/10. Oh, and take my holiday vacation at the end of December, yikes!

What review material are you using? When is your exam? What topics have you covered? Any tips yet?

A:[73]97 F:[74]85 R:86 B:[74]82
*NINJA 10 Pt. COMBO & Yaeger*

[MCLKT]

@MissCPA – For disclosure purposes, candidates won't be able to answer your question directly.

Just keep in mind anything can be tested. I thought because AUD is mostly theory, it would be good to know the equations covered. Both ratios and sampling.

A:[73]97 F:[74]85 R:86 B:[74]82
*NINJA 10 Pt. COMBO & Yaeger*

[plaster3]

@Jsmi77y and others:

At least for Becker, I appreciate how the material essentially walks the candidate through the entire audit process, with A1 providing the overview, A2 discussing requirements for firms, A3 discussing pre-plannings, A4 getting into the actual audit processes and evidence gathering, A5 focusing on sampling/attestation and A6 wrapping things up. I'm not sure how other study courses go, but that process really helped me.

Envisioning this process during my studies has helped me imagine myself as an auditor, which is especially helpful for those who are are tax associates (like myself) or those who are not in the field yet. So when I'm reviewing a section, I'm taking the time to understand why we are at this point. Example:

I see a section that discusses increased tests of controls. I will ask myself why one would perform tests of controls (i.e. is it to test operating effectiveness, are we looking at the design or operation of the control, etc.). I would ask myself the most important tests one can perform (i.e. observation or inquiry), or what happens to detection risk with control risk as a part of determining the extent of controls is increased or decreased. Blah blah blah …

Reinforcing all of this while studying will benefit more than just taking progress reports or re-reading for the third or fourth time, in my opinion. It also gives you some time away from MCQ's so that you aren't memorizing them by doing them for the fifth time.

I'm real nervous about this one, but I figure the more I'm reinforcing the information, the better I'll feel come test day. BEST OF LUCK!!!!

Becker Self-Study

B -- 84 (4/1/13)
A -- 97 (1/29/13)
R -- 92 (11/28/12)
F -- 90 (10/30/12)

[moreinfo2013]

@mypetmeatlball & samdiego

How did your REG go? You mentioned you were going to leave some feedback and have not heard from you. Hope it went well for you. Any insight would be highly appreciated. Thanks

[Lisa_Jane]

Ratios aren't that bad- no harder than the MCQ's in Wiley. I'm about to take Audit for the 3rd time. You really have to know EVERYTHING cause they could ask anything. Some people just do MCQ's but I need to understand the why behind the answer, so I read the text. I am reading it over and over and it starts to sink in.

If you hate a topic or think they'd never ask a MCQ or sim on the topic, that's when they will. Be prepared!

FAR Passed 5/28/14
AUD Passed 1/22/13
BEC Passed 7/12/13
REG Passed 5/9/14
Virginia CPA license issued July 2014

[villain]

Just finished AUD today. I walked out the examination room when I had 1:40 mins left. I studied for one week straight and spent 8-10 hours everyday using Becker 2013. Most of the questions on the exam are very similar to the ones I saw in the review. I hope I will pass it because I am not looking forward to reviewing the material again. It's a monster!

FAR: (10/2012) studied for 8 weeks, 81
BEC: (10/2012) studied for 1 day, 58; (1/2013) studied for 3 weeks, 77
AUD:(1/2013) studied for 1 week, 86

[CPA GURU]

Whats up guys,

Should i be concern that i don't yet have a grasp on the simulation and AL! for some reason, when doing AL and plugging Keywords, Becker leads me back to the same paged that i previously researched?

[will.i.am]

Just took AUD today… Anybody else take it within my time frame? What did you guys think?

[Anonymous]

@will.i.am-

I took it on Thursday and wow…my simulations were awful! I totally guessed on 2 entire sims. Becker had touched lightly on the subject! It was the first time I had to guess so much during the a CPA exam! I am praying I pass. This will be the hardest 3 weeks of my life!

I hope you had a better experience.

[23K]

— MCLKT

This Saturday is my showdown with AUD… I re-work Audit evidence problems yesterday.. Hopefully it helped.

Took another pratice exam and I did worse on MC's and better on SIMs..

AUD--52,68,83, expired. Retake = 74 RETAKE - 7.24.26
FAR--73,70,68,75
BEC-- 79
REG-- 68,62,75

[MCLKT]

@23 – I was thinking about your upcoming exam and wanted to share something that helped me.

I'm a very visual learner and made a little chart to help me keep some opinions straight.

https://postimage.org/image/m5umgx4o5/

At the top – if Going Concern: you can give any of the 4 opinions.

– if it's disclosed – Unqualified or Disclaimer

– if it's not disclosed – Qualified or Adverse.

Middle – if there is a scope limitation – Either Disclaimer or Qualified

Gaap Departure – Either Qualified or Adverse.

IF scope limitation:

1 – modify scope para

& – additional explanatory para

2 – modify opinion

IF GAAP departure:

& – Additional explanatory para

1- modify opinion

A:[73]97 F:[74]85 R:86 B:[74]82
*NINJA 10 Pt. COMBO & Yaeger*

[will.i.am]

@Ceendy28

I definitely feel you! I was so frustrated cause I ran out of time! I hate giving up on the answers… Especially cause I feel like I knew the material very well, and just didn't seem the SIMs reflected anything I studied.

[23K]

–MCLKT

thanks for the info – when do you find out your score ?

AUD--52,68,83, expired. Retake = 74 RETAKE - 7.24.26
FAR--73,70,68,75
BEC-- 79
REG-- 68,62,75

[mypetmeatball]

It's Day 1 and I just finished the first three lectures. Naturally I'm having a BLAST WOOP WOOP.

(On a positive note, it definitely beats REG so far)

[GreenMonkey]

I am using a different strategy for AUD studying. It's called “screw the Becker videos.” I instead go through and take down the notes from the ebook (which was essentially all I did while watching the REG videos). I just don't think Tim explains things well. I don't need to spend three hours watching a video only to be told what to highlight.

Going through the book at my own pace is working much better. I've finished looking at A1-A3 in just a few days (I have some audit experience and have taken a few audit classes… so a lot of it is review).

Hopefully ignoring the lectures doesn't hurt me…

REG- 91
AUD- 97
BEC- 91
FAR- May

[Theo]

@Ceendy28 I took audit on the 17th and I feel the same as you regarding the sims. I went into the simulation with nearly 3 hours left on the clock and left the exam with only 30 mins left. Then again that's only because I had done all that I could. One of the sims was a complete shocker. There was nothing in the becker materials about and I also used the audio from Wiley, nothing there either. I find that none of the sims I got were anything like what I'd practiced. I feel like I got the hardest questions out of the whole lot. Even the research question was hard and I was feeling like I had mastered the research going into the exam. My multiple choice questions also got harder as I went from one section to the next, more application that purely theoretical.

I guess that now I just have to wait and see because I can't even venture to guess one way or the other.

AUD 01/17/2013 (92)
REG 02/28/2013 (85)
FAR 04/26/2013 (85)
BEC 05/30/2013 (88)

[Author]

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