[jeff]

Welcome to the Q2 2016 CPA Exam Study Group for AUD.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Veggie]

So the difference between inspection and scanning. Please correct me if I'm wrong. Inspection is just reading the underlying documents to obtain an understanding where as scanning is an analytical procedure to identify potential issues that need to be looked into more.

BEC: 85
AUD: 84
REG: 74, 89
FAR: May 27

CMA Pt 1: 420
CMA Pt 2: 440

BEC (2/27) 85

CMA Part 1 (10/14) 440
CMA Part 2 (5/15) 420

[RE2PECT]

Guess I'll be coming back here soon. Got a 73 and have no idea what else I could have done. I did over 4000 mcq and every sim in Ninja and Roger. Hit the review phase and was trending 98% before the exam. Don't know how I'm going to stay focused studying for BEC these next couple weeks.

"Luck is what happens when preparation meets opportunity."

Roger & Ninja

FAR: 75
AUD: 73, 81
BEC: 71, 73, 82
REG: 68, 82

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[Maggie]

@RE2PECT I'm in the same boat with a 72. I did all the HW on becker and was trending 80-90%. I also was an auditor for 5 years. I'm also studying for BEC now, but I'm most likely pushing my BEC test out to late August and spending the rest of June restudying for Audit to take again in July. I'm going to buy the Ninja notes and do all the mqc's there as well. My state provides the breakout of the area you did better / weaker on so i'm curious to see which areas they say im weaker in. I'll focus extra hard in those areas.

Anyone else have any suggestions to nail audit after a 72?

Almost there

AUD- 74 (2012), 72 (4/20/16)
BED- 7/6/16
REG- TBD
FAR- TBD

[perezc3910]

RE2PECT, sorry to hear that you failed. You can push through BEC and schedule your AUD retake for first week of July. That will give you 3 weeks to focus on whatever topics you didn't do too good on. You aren't too far away from that 75. It could have been worse.

BEC-July 2016
REG-August 2016
FAR-October 2016
AUD-Nov/Dec 2016

[jpowell31]

@blackCPAseeker – I don't find out until June 8th. Torture. It was difficult. I can't say I could've been more prepared … there wasn't anything that I hadn't seen or wished I focused on more (I only used Ninja)…the subjectivity was another level though!

-__-

[jpowell31]

Aww man so sorry to hear you guys!! You'll get it next time…I felt the same RE2PECT and have the same concerns!

-__-

[marqzho]

I passed.

Thanks Jeff for free Ninja MCQ. 🙂

REG 90
FAR 95
AUD 98
BEC 84

[TheHoundThatRides]

@RE2PECT

I got the same score last quarter. It sucks. At this level it's likely there are versions of the exam we could have passed. We just got a few bad MCQ or underperformed on one SIM too many.

BEC - 78 (August 2015)
FAR - 80 (November 2015)
AUD - 73, 67. (Ok I gotta confess I was even more lazy this time around)
REG - August 27th, 2016

[RE2PECT]

TheHoundThatRides- I totally agree with you. My exam had some questions that weren't even remotely close to anything I came across in Ninja or Roger. Who knows if they were pretest or not. I feel like this kind of cancels out with my FAR score since I may have gotten lucky on that one. Does anyone know how long it takes to get your score report?

"Luck is what happens when preparation meets opportunity."

Roger & Ninja

FAR: 75
AUD: 73, 81
BEC: 71, 73, 82
REG: 68, 82

FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
AUD: 73, 81
BEC: 71, retake 8/29
REG:

[Broag]

Has anyone used the Ninja AUD book yet? If you did, how long did it take you to get through it? Thanks.

REG - 79
FAR - ?
AUD - ?
BEC - ?

[Veggie]

I'm really starting to hate Wiley. The same question is asked in two separate test banks with two correct answers. Can anyone give me some guidance?

A lawyer's response to an auditor's inquiry concerning litigation, claims, and assessments may be limited to matters that are considered individually or collectively material to the client's financial statements. Which parties should reach an understanding on the limits of materiality for this purpose?
A. The auditor and the client's management.
B. The client's audit committee and the lawyer.
C. The client's management and the lawyer.
D. The lawyer and the auditor.

In the individual lesson it says answer A is correct: “The client and the auditor should reach an understanding about materiality. This understanding is then communicated to the attorney who will limit his/her response accordingly.”

In the quiz builder section it says answer D is correct: “The requirement is to identify which parties should reach an understanding on the limits of materiality for purposes of a lawyer's response to an auditor's inquiry concerning litigation, claims, and assessments. Answer (d) is correct because AU‐C 501 states that a lawyer's response to an inquiry may be limited to material items, provided the lawyer and the auditor have reached an understanding on the limits of materiality for this purpose. Answer (a) is incorrect because it includes the client's management. Answer (b) is incorrect because it includes the client's audit committee and omits the auditor. Answer (c) is incorrect because it includes the client's management and omits the auditor.”

Same. exact. question.

BEC: 85
AUD: 84
REG: 74, 89
FAR: May 27

CMA Pt 1: 420
CMA Pt 2: 440

BEC (2/27) 85

CMA Part 1 (10/14) 440
CMA Part 2 (5/15) 420

[WZcpa15]

Took audit today. It looks much easier than previous one. I guess I prepared a lot on it. Good luck to those who's taking it..

All Exam Done - FAR 86, BEC 82, REG 86, AUD 78
CA Ethics Passed - July 16

BEC - Passed - 7/27/15 - 25%
FAR - Passed - 10/1/15 - 50%
REG - Passed - 4/19/16 - 75%
AUD - Schedule - 5/24/16

Material Using - 2015 Wiley CPAexcel Study Guides and Focus Notes

[jlp0369]

Can anyone explain what “no exceptions” means?
For example,
“If interim substantive procedures for an account identified no exceptions, which of the following would the auditor not perform on that account at year-end?:

FAR: 87
REG: 90
BEC: 74(ouch), retake 7/16/16
AUD: 96

[Operation_CPA]

@marqzho

Congratulations on passing! I am officially 2 weeks from my exam and judging from your scores I should take advice from you, ha! I am on my second run through the material and should be finishing up chapter 3 hopefully today. Performing well on chapters 1-3 thus far in the 80's range. Any advice going forward? I may just buy the NINJA MCQ for my last week for strictly MCQ's.

FAR - 76 (Lost credit), 76
AUD - 80
BEC - 76
REG - 75

Truly I tell you, if you have faith as small as a mustard seed, you can say to this mountain, "Move from here to there," and it will move. Nothing will be impossible for you.

[marqzho]

jlp0369

Exception = something doesn't seem right. On the other hand, no exception means everything looks right. 🙂

REG 90
FAR 95
AUD 98
BEC 84

[Author]

Replies