[jpanda]

These are the ones I’ve been using so far for the MCQ, any other favorites or other test tips? It’s a mixture of Roger and Ninja.

Standards – TIP PIE CDOG

Communicating with predecessor – RID-C

IR x CR x DR (only one auditor can control) = AR
IR x CR = RMM
More sub test = less detection risk, less audit risk

Fraud triangle = RIO

Compilation – no assurance, no inquiry/analytics, independent not req but state
Review = limited assurance, inquiry/analytics req, independence req
Internal control inverse relationship with sub testing

Components of Internal control – CRIME

Segregation of duties = ARCC

Internal control testing = IRON

Tracing = Completeness
Vouching = Existence

Sub procedures = TRACE

Analytical procedures required when planning

Current ratio = ca/cl
Quick ratio = liquid/cl

Management assertions = U PERCV (or CPA-CO, RACE, RACU or PERCV OCCCA OCCA)

Audit reports = TIMAA (and the related, TIMAA EMO, TIMA Bad Attitude)

Forecast = normal, general or limited
Projection = hypothetical, limited

Immaterial = unmodified.
Going concern = unmodified and EMO
Material = modified
Very material = adverse
Scope limit = disclaimer

Attribute sampling = error rate, for IC testing
Variables sampling = $ amount, for sub testing

GAS audit = include report on IC and compliance w/ laws/reg

Anything else to add? Thanks!

[Texasmom]

Best of luck tomorrow!!! My turn is on Thursday. Here's to a 75+!!! Nerves are through the roof..

FAR - 84
REG - 72, 73
AUD-
BEC - Sept 2016

[mperez102204]

Hey fellow AUD test taker… Take a look at this post and see if there is anything that you may need. I found this a few weeks ago. I have been looking at it throughout my last few days… EKKK I take my test on Friday. I am very very nervous! Best of luck to the both of you! Hope to see 75s!!!

https://www.another71.com/cpa-exam-forum/topic/open-if-youre-studying-for-audit/

[RE2PECT]

Honestly, at this point I wouldn't be trying to learn anything new. Just trust that you've prepared yourself well enough to get you that 75! Try to take it easy and get a good nights sleep.

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

[jpanda]

I took it on Wed and I felt that most of the MCQ didn't seem too bad, and most of the TBS was ok but there were some instances in the TBS where you pick the correct sentence for a letter, it felt like there's more than one choice that sounded like it could work so hopefully I picked the right ones, we'll see.

[Author]

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