[I'm, Ron Burgundy?]

First, let me start by saying that I absolutely, positively, undoubtedly hate Auditing more than any subject in the entire testing process. It seems as every single topic is completely based on hypothetical situations where the auditor uses their “professional judgement.” Well, isn’t that convenient. So I guess if the auditor is a moron then potential stockholders are all screwed considering the auditor used “professional judgement.” Well, I have never done auditing, I know nothing about auditing, and after I’m done with this exam I would seriously contemplate suicide if I was ever asked or put into a situation in which I had to be an auditor.

In any case, I am doing homework questions about Fraud Risk and am getting nearly every one of them incorrect. I keep getting hit with questions with descriptions that aren’t even in the book, they are situation based and completely hypothetical and unless you’ve been an auditor you have no way of knowing the correct answer.

So, how do I conquer this hurdle? How exactly do you figure out real world answers when you have no real world experience? I’m a tax accountant working in public, throw me some numbers and I’ll get you an answer. Why? Because solutions based on numbers are black and white, there is no gray.

"If you're going through hell, keep going"
- Winston Churchill

"I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
- Michael Jordan

BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
AUD: 78
REG: (74), 91
FAR: (71)

[MintsRGood]

I wish that I could HiYa! this post 1000 times!!!!!!!!!!!! I feel the exact same way! Give me the internal revenue code any day over this subjective “it may be wrong but we are going to use this balance because it's not that wrong so it's sorta right” awful crap.

What materials are you using?

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[MintsRGood]

I wish that I could HiYa! this post 1000 times!!!!!!!!!!!! I feel the exact same way! Give me the internal revenue code any day over this subjective “it may be wrong but we are going to use this balance because it's not that wrong so it's sorta right” awful crap.

What materials are you using?

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Author]

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