AUD Study Group July August 2013 - Page 69

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  • August 16, 2013 at 3:21 pm #438463
    Anonymous
    Inactive

    Question about research SIMS- I just did one in Becker and when I used the keyword search it brought up the AU section and I found exactly what I was looking for. When I checked the solution I was supposed to use an AU-C citation. Will the research SIMS only use the AU-C literature from now on? If not, how do you know which to use?

    Thanks!

    August 16, 2013 at 3:21 pm #438610
    Anonymous
    Inactive

    Question about research SIMS- I just did one in Becker and when I used the keyword search it brought up the AU section and I found exactly what I was looking for. When I checked the solution I was supposed to use an AU-C citation. Will the research SIMS only use the AU-C literature from now on? If not, how do you know which to use?

    Thanks!

    August 16, 2013 at 3:26 pm #438465
    Anonymous
    Inactive

    Yes, answer everything with AU-C. I'm trying to remember if AU was even in the official test…and I can't remember for sure…but use AU-C and you can't go wrong. If there's something that's just 100% not covered in AU-C, I might consider AU, but I highly doubt you'll have such a situation.

    August 16, 2013 at 3:26 pm #438611
    Anonymous
    Inactive

    Yes, answer everything with AU-C. I'm trying to remember if AU was even in the official test…and I can't remember for sure…but use AU-C and you can't go wrong. If there's something that's just 100% not covered in AU-C, I might consider AU, but I highly doubt you'll have such a situation.

    August 16, 2013 at 3:37 pm #438467
    Anonymous
    Inactive

    @Lilla- Thanks a lot!

    August 16, 2013 at 3:37 pm #438613
    Anonymous
    Inactive

    @Lilla- Thanks a lot!

    August 16, 2013 at 3:55 pm #438469
    Anonymous
    Inactive

    Does anybody have the Ninja notes for AUD? Would you recommend? I'm trying to decide if I should buy them…my exam is next Wednesday so I don't have a lot of time. I am also using Becker.

    August 16, 2013 at 3:55 pm #438615
    Anonymous
    Inactive

    Does anybody have the Ninja notes for AUD? Would you recommend? I'm trying to decide if I should buy them…my exam is next Wednesday so I don't have a lot of time. I am also using Becker.

    August 16, 2013 at 4:18 pm #438471
    Anonymous
    Inactive

    @Lilla, I used to think that only AU-C will be tested but I got research related to Compilation and examination (AT), and I am sure thats not AU-C. Can anybody confirm please?

    August 16, 2013 at 4:18 pm #438617
    Anonymous
    Inactive

    @Lilla, I used to think that only AU-C will be tested but I got research related to Compilation and examination (AT), and I am sure thats not AU-C. Can anybody confirm please?

    August 16, 2013 at 4:24 pm #438473
    PC
    Member

    Hey guys, did you guys practice the Becker sims for Audit? I feel like since it's entirely conceptual, going through the readings and MCQ should be enough. Or am I mistaken?

    August 16, 2013 at 4:24 pm #438619
    PC
    Member

    Hey guys, did you guys practice the Becker sims for Audit? I feel like since it's entirely conceptual, going through the readings and MCQ should be enough. Or am I mistaken?

    August 16, 2013 at 4:30 pm #438475
    Anonymous
    Inactive

    @ cpa2012 – the Ninja notes are great and to the point. You won't feel overwhelmed. Get the audio if you want to listen to it too.

    @ Peter – it really feels conceptual. Personally I really like the assertion type question on Becker sims. Increase/decrease CR, IR, DR, AR… (it could end up be an exam question). All the answers are in the readings. You may want to cross read it with FAR especially on topics like contingencies/subsequent events to understand the JE and treatment.

    August 16, 2013 at 4:30 pm #438621
    Anonymous
    Inactive

    @ cpa2012 – the Ninja notes are great and to the point. You won't feel overwhelmed. Get the audio if you want to listen to it too.

    @ Peter – it really feels conceptual. Personally I really like the assertion type question on Becker sims. Increase/decrease CR, IR, DR, AR… (it could end up be an exam question). All the answers are in the readings. You may want to cross read it with FAR especially on topics like contingencies/subsequent events to understand the JE and treatment.

    August 16, 2013 at 5:46 pm #438477
    Anonymous
    Inactive

    @CPA.hopeful.2013 and @cpa2012 I'm pretty sure that AU-C just replaces AU, doesn't replace all the others (AT, QC, etc), so I would definitely expect to see those others on the exam, just not see the AU. I should've clarified in my post that when considering AU vs AU-C, I would go with AU-C, but that the other other standards are still in effect for their specific applications. (Like, QC still covers Quality standards beyond AU-C.)

    @CPA.hopeful.2013 If NINJA notes have benefited you greatly in other exams, then they'll probably benefit you here. Personally, they haven't been that useful. I have attempted to use them for a couple exams and never felt they were real helpful…same with AUD. But, that's my learning style, and may not be yours!

    @Peter AUD is very conceptual, but IMHO, the SIMs test concepts better than MCQs. So, I would suggest you at least look at a few sample SIMs. I only did a few practice SIMs, but I think that having done those few did help me with the real thing.

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