[Matt]

My first AUD test is in 14 hours (it’s almost midnight and I’m about to go to bed), and I’m wondering to what extent of sophistication I really need to study audit sampling.

Do I really need to know stuff like this:

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and this:

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and this:

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…to do well on the exam? I can’t help but feel like this text is being a little eccentrically comprehensive and bordering on overkill, but then again, I could be wrong. If stuff like this will only show up in one or two MCQs, then surely it’s not worth my time at this point. Or is it big enough of a deal that I should use these last few hours to memorize this stuff?

I already intuitively know the basic concepts of statistics and sampling, but I haven’t studied audit-specific things like Probability-Proportional-to-Size and the equations referenced above. Should I be spending these last few hours studying these? Or focusing on more general things like compilations/reviews/reports and going over the authoritative literature?

As terrible as this might sound, do I really need to memorize all of these?:

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If I haven’t already, is my time better spent memorizing the above ratios vs. the audit sampling equations?

Edit: Woops. I think I posted this in the wrong sub-forum…

AUD: 88
BEC: 79
REG: 81
FAR: 72 » 74 » 88

Study method: 100% watching videos, including solving problems covered therein; no books, paper, or pencils

[tyndil24]

Since your test is so soon, I think it would be better to focus on the ratios instead of sampling. As long as you know the basics of sampling you should be okay, I don't think there will be that many questions on sampling. Whereas, the ratios can be embedded into MC as well as SIMs.

REG - 76 (7/13)
FAR - 83 (8/13)
BEC - 87 (10/13)
AUD - 84 (1/14)

[tyndil24]

Since your test is so soon, I think it would be better to focus on the ratios instead of sampling. As long as you know the basics of sampling you should be okay, I don't think there will be that many questions on sampling. Whereas, the ratios can be embedded into MC as well as SIMs.

REG - 76 (7/13)
FAR - 83 (8/13)
BEC - 87 (10/13)
AUD - 84 (1/14)

[NJPRU]

@yawn – all I studied for was the basic concepts of Sampling; I did drill the ratios into my head though as I was afraid I was going to get SIMS on my exam that involved them. Gleim had several SIMS on them, and basically made me memorize them.

Gleim also stated that sampling makes up 3-5% of the exam – which isn't very substatial.

I hope that helps and good luck!

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[NJPRU]

@yawn – all I studied for was the basic concepts of Sampling; I did drill the ratios into my head though as I was afraid I was going to get SIMS on my exam that involved them. Gleim had several SIMS on them, and basically made me memorize them.

Gleim also stated that sampling makes up 3-5% of the exam – which isn't very substatial.

I hope that helps and good luck!

AUD: DONE
FAR: DONE
BEC: DONE
REG: DONE

IM GOING TO BE A CPA!!!!!

[Author]

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