Audit Simulation Question

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  • #181774
    kjoonx2
    Member

    Hi you guys, this is my first post but I’ve been using this website for about a year now. So a little bit about myself, I’ve began studying in January and now its November. I’ve passed REG, BEC, FAR all within 4 months in that order. Audit however is the one that is keeping me back. I’ve taken it twice now, and received a 64 the first time and a 65 the second time. I understood why I only received a 64 the first time because I only did the questions (becker) and not read the text. However the second time, I made sure I memorized the text and understood each question. On my performance evaluation, I had received 3 stronger 1 comparable and 2 weaker, whereas on the first test, I received all weaker on the multiple choice. Now, for the simulations, I’ve received weaker on both tests. So now I am cramming down on the simulations and figuring out ways to use the authoritative literature better.

    So my question:

    Do you know how to find the list of financial assertions using the authoritative literature? For those of you who use Becker, I’m referring to Chapter 4, Simulation 1, Question 7.

    I mean I know the answer by heart now and I understand it clearly, but I am just trying to practice using the authoritative literature better and any help or advice will be much appreciated.

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