AUD Study Group October November 2013 - Page 3

Viewing 15 replies - 31 through 45 (of 1,096 total)
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    Replies
  • #477811
    lmendez2
    Member

    Hi Mrs Bing! we are in the a study group again! congrats on passing REG!!

    FAR 5/29/13 75
    REG 7/27/13 84
    BEC 08/31/13 84
    AUD 11/02/13 89

    #477745
    lmendez2
    Member

    Hi Mrs Bing! we are in the a study group again! congrats on passing REG!!

    FAR 5/29/13 75
    REG 7/27/13 84
    BEC 08/31/13 84
    AUD 11/02/13 89

    #477813
    solodolo
    Member

    Hey everyone,

    I'll be taking Audit mid-October. using CPAExcel to prepare, it is up to date with the latest AUD material as far as I know.

    They will be pushing a new update in November so trying to take the test before that.

    So far, i've been reading, making notes, and doing MCQ's

    Any advice/encouragement is appreciated.

    THANK YOU!

    FAR - 08/27/13 CPAExcel 90 + Becker Final Review Notes
    AUD - 10/11/13 CPAExcel 82
    BEC - 12/05/13 CPAExcel 80
    REG - 08/04/14 CPAExcel 84 + Becker Final Review Notes

    #477747
    solodolo
    Member

    Hey everyone,

    I'll be taking Audit mid-October. using CPAExcel to prepare, it is up to date with the latest AUD material as far as I know.

    They will be pushing a new update in November so trying to take the test before that.

    So far, i've been reading, making notes, and doing MCQ's

    Any advice/encouragement is appreciated.

    THANK YOU!

    FAR - 08/27/13 CPAExcel 90 + Becker Final Review Notes
    AUD - 10/11/13 CPAExcel 82
    BEC - 12/05/13 CPAExcel 80
    REG - 08/04/14 CPAExcel 84 + Becker Final Review Notes

    #477815
    sarita
    Member

    This question/answer is one of the reasons I hate AUD.

    An insignificant portion of a client's inventory is in public warehouses. Evidence of the existence of this merchandise can most efficiently be acquired through which of the following methods?

    a. Confirmation.

    b. Calculation.

    c. Observation.

    d. Inspection.

    Explanation

    Choice “a” is correct. The auditor should observe the physical inventory count of goods held in public warehouses if the inventory held therein is significant; otherwise, confirmation of such inventory is sufficient.

    Choice “c” is incorrect. Although observation would provide the more effective evidence of existence, it would generally not be the most efficient and should only be done if the inventory is significant.

    Ugh, I'm complaining because I choose Observation. Grrr… the topics are so easy, but the questions are so tricky!! I always understand the answer after Becker explains it, but when I'm reading the questions, it's never so clear. Out of all the sections I've taken so far, the need to RFTQ is definitely the most important here.

    FAR 7/3/13 - 82
    BEC 8/21/13 - 82
    AUD 10/2/13 - 92
    REG 12/3/13 - 88

    DONE!!!! CA Candidate
    Beat the 12/31/13 clock!

    #477749
    sarita
    Member

    This question/answer is one of the reasons I hate AUD.

    An insignificant portion of a client's inventory is in public warehouses. Evidence of the existence of this merchandise can most efficiently be acquired through which of the following methods?

    a. Confirmation.

    b. Calculation.

    c. Observation.

    d. Inspection.

    Explanation

    Choice “a” is correct. The auditor should observe the physical inventory count of goods held in public warehouses if the inventory held therein is significant; otherwise, confirmation of such inventory is sufficient.

    Choice “c” is incorrect. Although observation would provide the more effective evidence of existence, it would generally not be the most efficient and should only be done if the inventory is significant.

    Ugh, I'm complaining because I choose Observation. Grrr… the topics are so easy, but the questions are so tricky!! I always understand the answer after Becker explains it, but when I'm reading the questions, it's never so clear. Out of all the sections I've taken so far, the need to RFTQ is definitely the most important here.

    FAR 7/3/13 - 82
    BEC 8/21/13 - 82
    AUD 10/2/13 - 92
    REG 12/3/13 - 88

    DONE!!!! CA Candidate
    Beat the 12/31/13 clock!

    #477817
    lvr21
    Member

    @mel

    Is this your last test??

    I have adopted and change just a bit a Ninja alum's study plan! I gotta pass this one!!

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477751
    lvr21
    Member

    @mel

    Is this your last test??

    I have adopted and change just a bit a Ninja alum's study plan! I gotta pass this one!!

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477819
    Mel
    Participant

    I sure hope it's my last test. Waiting on my FAR score right now. I'm in MD so I get my score either tomorrow or Wednesday

    #477753
    Mel
    Participant

    I sure hope it's my last test. Waiting on my FAR score right now. I'm in MD so I get my score either tomorrow or Wednesday

    #477821
    Anonymous
    Inactive

    I got my first fail today–AUD. 65. I guess I should be grateful it wasn't a one point fail, but 10 points is a LOT to try to gain on the retake. My 18 months started on August 10th, when I passed BEC. I want to make sure I pass AUD before the end of the year so I'm going to try for an October retake just to leave November free in case I have to have another retake. I took BEC and AUD 2 weeks apart, but studied for 4 months for both of them. I watched all the Kaplan lectures, took notes, and did over 3,000 MCQs, but there was just SO much information. I have had a two week break so I could spend some quality time with my kids. I'm not really ready to get back to it, but I know the clock is ticking. How do you guys keep from getting burnt out? I know I can pass them all with the right study methods. What methods have you guys found to work the best when studying for the SIMS? I don't have my breakdown results yet, but I'm pretty confident the SIMS killed me.

    #477755
    Anonymous
    Inactive

    I got my first fail today–AUD. 65. I guess I should be grateful it wasn't a one point fail, but 10 points is a LOT to try to gain on the retake. My 18 months started on August 10th, when I passed BEC. I want to make sure I pass AUD before the end of the year so I'm going to try for an October retake just to leave November free in case I have to have another retake. I took BEC and AUD 2 weeks apart, but studied for 4 months for both of them. I watched all the Kaplan lectures, took notes, and did over 3,000 MCQs, but there was just SO much information. I have had a two week break so I could spend some quality time with my kids. I'm not really ready to get back to it, but I know the clock is ticking. How do you guys keep from getting burnt out? I know I can pass them all with the right study methods. What methods have you guys found to work the best when studying for the SIMS? I don't have my breakdown results yet, but I'm pretty confident the SIMS killed me.

    #477823
    lvr21
    Member

    Well good luck! I hope you get a pass on Financial!

    That is excalty how I felt on my test @CPAMommy .. I feel like it was the SIMS that hurt me the most.

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477757
    lvr21
    Member

    Well good luck! I hope you get a pass on Financial!

    That is excalty how I felt on my test @CPAMommy .. I feel like it was the SIMS that hurt me the most.

    {R: PASSED!! (I passed one!)}
    {B: PASSED!! (Halfway there!)}
    {F: PASSED!! (1 left!!!)}
    {A: PASSED(I am done!!)}

    #477759
    Anonymous
    Inactive

    I read on another post (after my test “sigh”) that if you leave enough time to search through the archives for each SIM you can usually find the answer. I took the entire test in 3 hours so I know I have the time, but what do I do? Just highlight part of the question and search? That seems like it would be too easy.

Viewing 15 replies - 31 through 45 (of 1,096 total)
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