[futuremdcpa]

I hear audit is Beckers strong point, and I am glad about that. I also have the wiley test bank for all four parts. Im not sure if I have enough time to utilize the test bank though since I only have 19-20 days total from start to finish.

What should I really focus on? Becker/Test Bank? Doing MCQ’s? Reading?

Audit was not my strong point in college, maybe because my teacher wasn’t very interesting.. the stuff doesn’t seem hard at all.. but I could be wrong..

Thank you guys!

REG: PASS || BEC: PASS || AUD: PASS || F: SCORE PENDING..

[Anonymous]

watch lecture, do MC, move onto next chapter. Wiley test and Becker questions have a lot of overlap, but I think Becker helped more than Wiley. Keep drilling MC and know how to use the auth. literature to answer non-research sims.

[mena je twa]

Audit can be deceiving. Lots of test takers feel they did pretty good on the test but end up with a 65 or so.

In my audit experience, audit was easy to study but very difficult to test… If you have studied enough you can easily eliminate 2 wrong choices from ABCD. But in the end it always comes down to the best answer and not the right answer.

So it might get tricky, best thing is to listen beckers lectures, do some MCQ's and see where you stand. Take 1 section at a time, hear the audio/lectures and drill the MCQ's. Pay close attention to internal audit and different cylces that will make up to 50% of the exam.

Goodluck on the studying…

Licensed CPA, Texas - 2012

[mgoloubenko]

@mena je twa, so you recommend focusing in on A4 then?

FAR 4/9/12- PASSED
BEC 7/13/12- PASSED
AUD 8/16/12- Ughhh 71, Rematch: 90!!!
REG-12/6/12 PASSED

USC MAcc- Fight on!

They say good things come to those who wait, but only those things that are left by those who hustle.

[Anonymous]

A4 is killing me for some reason… I haven't had nearly the problems with any other chapter for any of the tests than I have with A4

[Anonymous]

is A4 = audit evidence?

because I'm studying for audit as well and this part is pretty confusing.

[mena je twa]

mgolo…

Correct, i would study A4 , audit evidence…very well. You have to understand the cash, AR, Invt etc cycles…The CSO says 22-28% but i have seen so many questions on evidence. That is the heart & soul of audit, but i would also know Internal control. If you can nail these 2 topics you are 50% home. Th rest 50% is a sprinkle of audit reports, engagements, statistical sampling and such.

See, one more reason why you should know these above 2 topics so well, all questions have ABCD, in a planning question the question choices will have 1 correct for planning and 3 wrong choices for internal control and evidence. So if you know it so well, you can easily answer the question by talking to yourself and saying this is evidence, this is internal control, you can eliminate the wrong answers right away …..

Licensed CPA, Texas - 2012

[FLCPA77]

This audit material is really tricky. I assumed that since audit is basically one big process that everything would fall into place after going though all the material. However, that's not the case because some sections I feel very comfortable with where other sections are still like a foreign language. I sit for the exam on 8/20, so I plan on just cranking out MCQs.

FAR - 90
AUD - 82
REG - 93
BEC - 80

[mena je twa]

FLCPA77

Crancking out MCQ's will help, but you need to understand the flow of the audit. Think like an auditor and talk to yourself, yes do… Stuff like , At which stage the auditor is, is he under planning? has he signed the engagement letter? IS he doing test of control? is he testing Internal control or is he doing data gathering – substantive testing to come up with his audit conclusion.

This is the key… ABCD are made up of Internal control, planning and substantive… If you dont know which stage the auditor is in, how will you pick up the right choice? Evidence cannot happen before planning, and Internal control does happen before evidence, Unless the auditor thinks that IC is bad, and he goes straight for more detailed work- substantive procedures….

You have got to nail this concept…..

Licensed CPA, Texas - 2012

[taupat2012]

After reading this post I went back to the first few minutes of the Becker lecture on chapters 3 and 4. mena je twa is right about the fact that those two chapters are about 50% of the exam, as stated in the Becker into lectures of those chapters.

How do I set the Becker Progress test so that I only get questions on those two chapters instead of questions from chapter 1-4?

[mena je twa]

taupat –

Wait for Becker users to respond. i have no idea. I had Roger for Audit. Any review you take, both the sections above we discussed will make up 50% or in some cases even more….

Licensed CPA, Texas - 2012

[Anonymous]

I don't think you can do that with Becker's progress tests.

And, speaking of Becker, I'm not quite sure where the whole “Becker is best with Audit” statement came from although I have heard it a few times. In my opinion, Audit is Becker's weakest point although that may just be a function of the judgment aspect of the exam. With all of the other tests, I was able to learn everything from the lectures and book before even starting the homework and then be able to score in the 80s-90s on most homeworks. In my opinion, for audit, the Becker lectures and books, at least for A4 and a little of A3, don't exactly match up with the material in homework in so far as the questions for A4 are wayyy harder than the details provided in the book. Furthermore, Gearty's lectures for audit are excruciatingly boring, more than usual. I don't think I'm really getting much from the lectures. Granted, the questions provided for Becker are really good.

[Anonymous]

https://www.another71.com/cpa-exam-forum/topic/aud-4-is-a-killer

There is a lot of useful info in this thread about A-4

I only focused on a few of the transaction cycles. I think it was the 1st three or four cycles were the most important.Having a general knowledge of the flowchart diagram helped me answer questions when it came to tracing or vouching.

[mgoloubenko]

Much appreciated DualMatrix! Hope REG preparations are going well.

FAR 4/9/12- PASSED
BEC 7/13/12- PASSED
AUD 8/16/12- Ughhh 71, Rematch: 90!!!
REG-12/6/12 PASSED

USC MAcc- Fight on!

They say good things come to those who wait, but only those things that are left by those who hustle.

[Anonymous]

Thanks! What were you scoring on A4 when you took the test? My first time through I'm scoring 65-70%, but even with the ones I get right they are more educated guesses than me being completely confident in my answer. Since I'm taking the test so soon as well, I'm afraid that I'll just start memorizing questions instead of the logic behind them. On everything else so far I'm scoring 80s through 90s but I'm still worried since A4 is supposed to be the most important.

[futuremdcpa]

Man oh man.. A1 lecture is almost 3 hrs.. these 3 hours with Tim are torture…

REG: PASS || BEC: PASS || AUD: PASS || F: SCORE PENDING..

[Author]

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