[I'm, Ron Burgundy?]

Hey there everyone,

I’ve been having a very difficult time with trying to understand Audit. I understand how to write reports, opinions, etc. However, I’m seriously hitting some brick walls when it comes to Becker A-4 which is auditing by transaction cycles. I’ve read the chapter twice however the MCQ’s are really from out of left field. It just seems that these are concepts that are learned from actually doing audits. Maybe I’m wrong. I do know that plenty of you have been in this same position with no auditing experience and have struggled in the same area; it would be impossible not to.

I really don’t know how to go about understanding this stuff. Voucing, tracing, footing, etc. I understand the concept of testing for completeness or existence. However, it seems very difficult to understand the procedures and coming to the conclusion that is correct. In the other subjects it always seemed you could throw out 2 answers right off the bat. However, with Audit, 90% of the time all four questions seem valid.

Anyhow, if anyone has any advice on how they conquered this section please let me know.

Also, Becker SUCKS for this entire exam so if you’re on the fence on whether or not to buy this section through Becker, I’d reconsider.

"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)

[XIXIYE]

I have problem with this area too. I just finished the homework, the pass rate is only 65%. I almost cried. I only have 3 days left for the exam.

FAR 07/30/13- 83
REG 10/30/13- 93
BEC 01/16/14- 79
AUD 02/21/14- 88

Becker self-study

[Study Monk]

XIXIYE redo every problem right now. In 3 or 4 hours your scores will be in the 80 percent range and your confidence will be back 😉

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[Study Monk]

XIXIYE redo every problem right now. In 3 or 4 hours your scores will be in the 80 percent range and your confidence will be back 😉

I spoke to an ancient wise man who sent me on a mushroom induced journey through an ancient forest to find the key to passing the CPA exam. A talking spider monkey told me to throw the last of my drinking water in the dirt to find what I was looking for. So I followed his instructions and the following message appeared in the soil:

"Do 5000 multiple choice questions for each section"

[Determined CPA]

I suggest spending an entire weekend (if you still have enough time) on A4. I took audit 2 times and both times I had a simulation from that chapter and several MCQ's. I found that reading the chapter helped a LOT. Put the MCQ's to the side and try and understand what is going on. I'm positive that spending that extra time on A4 contributed to my passing grade compared to my first attempt.

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[Determined CPA]

I suggest spending an entire weekend (if you still have enough time) on A4. I took audit 2 times and both times I had a simulation from that chapter and several MCQ's. I found that reading the chapter helped a LOT. Put the MCQ's to the side and try and understand what is going on. I'm positive that spending that extra time on A4 contributed to my passing grade compared to my first attempt.

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[I'm, Ron Burgundy?]

@ Determined…I more or less adopted that advice on Sunday night. I ditched the MCQ and the Becker book. Instead I broke out the Wiley Book and dug in. For some reason Wiley seems to make more sense when it comes to Auditing. There is a sequence of events that is described via examples, MCQ's and SIMS embedded into the lecture (not to mention at the end of the chapter). Anyhow, this seems to have helped.

"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)

[I'm, Ron Burgundy?]

@ Determined…I more or less adopted that advice on Sunday night. I ditched the MCQ and the Becker book. Instead I broke out the Wiley Book and dug in. For some reason Wiley seems to make more sense when it comes to Auditing. There is a sequence of events that is described via examples, MCQ's and SIMS embedded into the lecture (not to mention at the end of the chapter). Anyhow, this seems to have helped.

"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 can't say enough good things about the Wiley Auditing Textbook!!! I used it for Audit retake 4 and was more than satisfied with the results! 😉

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 can't say enough good things about the Wiley Auditing Textbook!!! I used it for Audit retake 4 and was more than satisfied with the results! 😉

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

[I'm, Ron Burgundy?]

@Mints…I notice that the 4th attempt was the passing attempt. Is that when you finally decided to adopt Wiley? What was your method? Did you ditch the prior materials and just focus primarily on Wiley? Wiley seems to just make sense of it. I may go about Auditing the old fashioned way when candidates only had books and a homework book. I write notes like crazy anyhow (it reinforces the material in my head). I go NINJA all the way and I've already done the lectures and taken mad notes on them. But the MCQ difficulty is having me adopt another style.

"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)

[I'm, Ron Burgundy?]

@Mints…I notice that the 4th attempt was the passing attempt. Is that when you finally decided to adopt Wiley? What was your method? Did you ditch the prior materials and just focus primarily on Wiley? Wiley seems to just make sense of it. I may go about Auditing the old fashioned way when candidates only had books and a homework book. I write notes like crazy anyhow (it reinforces the material in my head). I go NINJA all the way and I've already done the lectures and taken mad notes on them. But the MCQ difficulty is having me adopt another style.

"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)

[Author]

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