Main study topics for Auditing

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    Topic
  • #181879
    Anonymous
    Inactive

    I have the auditing exam 2 weeks from today. Would like to know what are the main topics to focus on? Also, what is the best way to remember everything? I do well on the homeworks with scores of 80s-90s, however I feel there is just so much detail for auditing than FAR. Thanks in advance!

Viewing 15 replies - 1 through 15 (of 20 total)
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  • #473765
    Anonymous
    Inactive

    I think the main topics are Sampling, Reports, and knowing the differences between reviews/compliations/audits/other services.

    #473822
    Anonymous
    Inactive

    I think the main topics are Sampling, Reports, and knowing the differences between reviews/compliations/audits/other services.

    #473767
    ruggercpa2b
    Participant

    In Becker Gearty points out A3 and A4 as being heavily tested which are Engagement Acceptance, Planning, and Risk Assessment and A4 is Audit Evidence.

    However, based on my past experience of taking the exam, any material is fair game. You cant just focus on one thing because you might actually end up having more questions on your exam in areas that you blew off. I had a question the last time I took audit that was from a sentence in the book from a chapter I just glossed over. I will not be making that mistake. I am putting forth 100% towards everything.

    You have two weeks, I would say instead of focusing on what you or others may say is heavily tested (because every test we get is different) and do questions from every chapter over and over. And then try to also focus on your weak areas. I know when I retake my exam what I was heavily tested on the last time I took might not be what is heavily tested on my retake.

    Good Luck.

    AUD - 73, 72 retake 7/2/2016
    BEC - 8/20/2016
    REG - TBD
    FAR - TBD

    I am so ready for this nightmare to be over. Been at this way too long.

    #473824
    ruggercpa2b
    Participant

    In Becker Gearty points out A3 and A4 as being heavily tested which are Engagement Acceptance, Planning, and Risk Assessment and A4 is Audit Evidence.

    However, based on my past experience of taking the exam, any material is fair game. You cant just focus on one thing because you might actually end up having more questions on your exam in areas that you blew off. I had a question the last time I took audit that was from a sentence in the book from a chapter I just glossed over. I will not be making that mistake. I am putting forth 100% towards everything.

    You have two weeks, I would say instead of focusing on what you or others may say is heavily tested (because every test we get is different) and do questions from every chapter over and over. And then try to also focus on your weak areas. I know when I retake my exam what I was heavily tested on the last time I took might not be what is heavily tested on my retake.

    Good Luck.

    AUD - 73, 72 retake 7/2/2016
    BEC - 8/20/2016
    REG - TBD
    FAR - TBD

    I am so ready for this nightmare to be over. Been at this way too long.

    #473769
    MintsRGood
    Participant

    Everything is fair game on exam day and every exam is different. Even if I told you what I saw on my 4 rounds with audit, which I wouldn't because that is a disclosure violation ahem ahem ahem, it wouldn't help you because every exam is different. Audit is horrible like that. What materials are you using?

    How to remember everything? Let us know if you figure that one out because I say that you can't! 🙂 You need to have a solid foundation on everything in the content outline and be reasonably familiar with the rest. If you are scoring 80-90's on your homework then you are in great shape!!!

    How are your SIMS going? Be sure to spend time practicing your SIMS using the authoritative literature. If you neglect your sims, you may end up with a 71. Just saying from personal experience! 😉

    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

    #473826
    MintsRGood
    Participant

    Everything is fair game on exam day and every exam is different. Even if I told you what I saw on my 4 rounds with audit, which I wouldn't because that is a disclosure violation ahem ahem ahem, it wouldn't help you because every exam is different. Audit is horrible like that. What materials are you using?

    How to remember everything? Let us know if you figure that one out because I say that you can't! 🙂 You need to have a solid foundation on everything in the content outline and be reasonably familiar with the rest. If you are scoring 80-90's on your homework then you are in great shape!!!

    How are your SIMS going? Be sure to spend time practicing your SIMS using the authoritative literature. If you neglect your sims, you may end up with a 71. Just saying from personal experience! 😉

    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

    #473771
    Misu243
    Participant

    Strongly recommend you put extra emphasis on studying the differences in every aspect of Reviews/Compilations/Audits/Agreed Upon Procedures. Good luck!

    BEC: 66, 74, 80* (Expired), 73, 76*
    FAR: 66, 72, 67, TBA
    REG: 68, 72, 74, 70, 79*
    AUD: 43, 71, 77* (Expired), 71, TBA

    #473828
    Misu243
    Participant

    Strongly recommend you put extra emphasis on studying the differences in every aspect of Reviews/Compilations/Audits/Agreed Upon Procedures. Good luck!

    BEC: 66, 74, 80* (Expired), 73, 76*
    FAR: 66, 72, 67, TBA
    REG: 68, 72, 74, 70, 79*
    AUD: 43, 71, 77* (Expired), 71, TBA

    #473773

    AUD retake 11/27. Method as follows (w/Becker):

    30 MCQ progress tests on each chapter (one at a time). Review results, identify & restudy areas of weakness. Repeat 3 times. Cover a few sims (mainly the research in the AL)

    After 2 chapters, do a cumulative 30 MCQ progress test on both chapters. Again review, identify & restudy. Repeat

    Eventually (prob Monday) I will increase the progress tests to 90 MCQ's and add in 4 or 5 SIMS on all 6 chapters. THe most important part is to identify your weak areas and re-study that material until you are confident.

    See you in the “Passed AUD” forum!

    AUD (7/31/13) 66... Retake (11/27/13) 90 & DONE!
    BEC (8/28/13) 85
    REG (10/4/13) 86
    FAR (11/6/13) 79

    Yeah... We're putting new cover letters on all our TPS reports ...Did you get that memo?

    #473830

    AUD retake 11/27. Method as follows (w/Becker):

    30 MCQ progress tests on each chapter (one at a time). Review results, identify & restudy areas of weakness. Repeat 3 times. Cover a few sims (mainly the research in the AL)

    After 2 chapters, do a cumulative 30 MCQ progress test on both chapters. Again review, identify & restudy. Repeat

    Eventually (prob Monday) I will increase the progress tests to 90 MCQ's and add in 4 or 5 SIMS on all 6 chapters. THe most important part is to identify your weak areas and re-study that material until you are confident.

    See you in the “Passed AUD” forum!

    AUD (7/31/13) 66... Retake (11/27/13) 90 & DONE!
    BEC (8/28/13) 85
    REG (10/4/13) 86
    FAR (11/6/13) 79

    Yeah... We're putting new cover letters on all our TPS reports ...Did you get that memo?

    #473775
    tough_kitty
    Member

    I assumed that the most important topics were the one which had the most MCQs in Wiley Test Bank. These were evidence, reports, and internal control. Wiley had only 35 MCQ on sampling… but everything can be on exam…

    FAR: 81 (May 2013)
    BEC: 81 (July 2013)
    REG: 83 (August 2013)
    AUD: 82 (November 2013)
    California CPA since 1/30/14

    #473832
    tough_kitty
    Member

    I assumed that the most important topics were the one which had the most MCQs in Wiley Test Bank. These were evidence, reports, and internal control. Wiley had only 35 MCQ on sampling… but everything can be on exam…

    FAR: 81 (May 2013)
    BEC: 81 (July 2013)
    REG: 83 (August 2013)
    AUD: 82 (November 2013)
    California CPA since 1/30/14

    #473777
    Anonymous
    Inactive

    Just went back over my study notes and I also took a lot of notes on evidence and internal control. I agree with everyone that you need to look at everything, but you definitely need to put more emphasis on really knowing some subjects more than others. For instance–clarity changes are not being fully tested on yet so as long as you know what the main changes are then I think you'll be fine. International auditing probably won't be a main topic either, but I think it's important to know the differences between International standards and GAAP standards. I used Kaplan, Ninja Notes, and the Wiley Test Bank to take my notes so that's what I'm basing my opinion on. If you have Becker I would focus on what they consider the main topics because many people have stated on this forum that their test had Becker questions word for word, but I can't attest to that personally.

    #473834
    Anonymous
    Inactive

    Just went back over my study notes and I also took a lot of notes on evidence and internal control. I agree with everyone that you need to look at everything, but you definitely need to put more emphasis on really knowing some subjects more than others. For instance–clarity changes are not being fully tested on yet so as long as you know what the main changes are then I think you'll be fine. International auditing probably won't be a main topic either, but I think it's important to know the differences between International standards and GAAP standards. I used Kaplan, Ninja Notes, and the Wiley Test Bank to take my notes so that's what I'm basing my opinion on. If you have Becker I would focus on what they consider the main topics because many people have stated on this forum that their test had Becker questions word for word, but I can't attest to that personally.

    #473779
    Priscilla
    Participant

    Becker A3-A4

    AUD - Done
    REG - Done
    BEC - Done
    FAR - August 2015

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