Should I go over Auditing Standard one by one?

  • Creator
    Topic
  • #201517
    ezakipocky
    Participant

    Hey guys. I use Be*ker as review material but Wil*y as the MCQ source. I realize Wil*y lists every Auditing Standard in different sections, from NO.1 to NO.18. Should I go over such standards one by one? I do realize some concepts but I cannot tell which number they stand for.

    Also, my AUD exam is scheduled 5 day later. What I do everyday is simply doing MCQ over and over again like an idiot. Could anyone tell me what I should do these days to get a boost?

    AUD 7/3
    BCE 81
    REG 7/15
    FAR 8/18

Viewing 8 replies - 1 through 8 (of 8 total)
  • Author
    Replies
  • #773394
    monikernc
    Participant

    Do some of, if not all sims. Take the AICPA practice exam for audit. Read a few standards to see how they are organized and understand the differences between the numbered paragraphs and A paragraphs. Know where the opinions are. Do a quick review of standards for review and attestation. Then glance at PCAOB 5 for issuers to see how it is laid out.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #773395
    ezakipocky
    Participant

    monikernc, thanks for your advice and could you give me some examples or details of “differences between the numbered paragraphs and A paragraphs” ?

    AUD 7/3
    BCE 81
    REG 7/15
    FAR 8/18

    #773396
    monikernc
    Participant

    read one of the shorter standards to understand the differences between the two types of paragraphs.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #773397
    monikernc
    Participant

    https://www.another71.com/cpa-exam-forum/topic/suggestion-for-aud-tester

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    #773398
    marqzho
    Participant

    Off topic question

    For research type question in AUD, will it tell you which standard it is from ? AU-C ? AT? etc?

    REG 90
    FAR 95
    AUD 98
    BEC 84

    #773399
    Claudia408
    Participant

    marqzho, don't be silly. you need to figure that out for yourself too!

    BEC - 75 (3x)
    AUD - 78 (3x)
    REG - 67, 66, Aug 1
    FAR - 54, Sept 8

    #773400
    ABTX411
    Participant

    marqzho –

    While the question won't specifically say “research the AU-C to find the answer,” it will give you clues. For instance, you might get a questions that specifically states that you are performing an audit, which would fall under the AU-C. However, keyword searches are going to be your best friend when doing these research questions. First do an overall keyword search. Keep it super simple – one or two words. Then modify your search to narrow it down, and “search within”. If you have some sample research questions that have stumped you, I'd be happy to help you figure out the best keywords to use for your search. If you do the search right, you won't even really have to know which section of code to look through.

    BEC - 90 - 2/04/2016
    AUD - 97 - 2/29/2016
    FAR - 92 - 4/19/2016
    REG - 88 - 5/19/2016

    #773401
    monikernc
    Participant

    marqzho – Issuers use PCAOB.

    Nonissuers always AICPA – reviews are mostly AR, attestation AT, audit always AU-C not AU, ethics ET. the most important thing is knowing what type of engagement you are being asked about and whether it is for an issuer or nonissuer. if you go to the link i posted above there is a post with a link to all the standards and my suggestions to help with sims.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

Viewing 8 replies - 1 through 8 (of 8 total)
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