Most Important AUD subject

  • Creator
    Topic
  • #1597385
    Big Mike
    Participant

    What part of AUD has been the most important recently?

    For BEC it is IT and COSO
    For FAR it is NFP and Government

    Reg is probably just knowing the different types of basis

    What is it for AUD?

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    Replies
  • #1597401
    TommyTheCat
    Participant

    hard to say which was the most important. In general I felt like the sims make or break you.

    Is your footer day man reference to its always sunny? If so I salute you good sir.

    #1597404
    Wanna_B_TXCPA2014
    Participant

    The most important subject in AUD is for you to remember AUD is a process. In that management and auditors discuss a possible engagement, auditors have to determine independence, the audit has to be planned, accounts tested, report completed, opinion issued.

    For me simply stating what was to be done then going back and filling in the why's and how's helped as well as talking through the process with my spouse. Don't over think AUD its more or less reading a map. You have to determine where you are on the map then very carefully read the question being asked instead of the one you want to answer. This is what gives ppl fits with this section. Do not hastily rush in and begin answering MCQs. Read the stem of the questions, then look at the facts of the question, then start the decision process of how to answer. This is the approach that worked for me.

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