Taking Audit today 4/2

  • Creator
    Topic
  • #157543
    kamaone
    Participant

    anyone have any last minute study tips? it might not help that i am at work for half a day before taking the test lol but i can always sneak in a few extra minutes of studying.

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  • #227889
    LSU_BR
    Participant

    opinion formats and reports…know them inside and out 🙂

    Good Luck 🙂

    AUD 95 (3/5/10); BEC 83 (5/28/10); FAR 71, 72, 74, 82 (10/16/10); REG 65,80(11/23/10)
    ALL DONE 🙂

    #227890
    75 CPA
    Participant

    What are “opinion formats and reports?” Please elaborate and give an example in Becker.

    Thanks!

    #227891
    Anonymous
    Inactive

    They are talking about the unqualified, qualified, adverse, disclaimer, modified unqualified, reviews, compilations. The wording differences of each, what dictates an auditor having to choose one report over another. The positioning of the explanatory paragraph whether it is before or after the opinion paragraph. You need to know this inside and out for the audit exam. Hope this helps. Good Luck!!

    #227892
    NJCPA2B
    Participant

    I've failed AUD 2x (70,69) and don't think I had more than 2 MCQs on reports each time…..I memorized every report and can write them all down word-for-word….but now I think you just need a general understanding about the reports…..I don't think the reports are really tested that much….

    BEC=77, FAR=78, REG=73,74,80, AUD=70,69, 84 DONE!

    #227893
    NY GT girl
    Participant

    NJCPA2B: I would disagree. I had a decent portion of my exam cover opinion reports. They can make up anywhere from 12-18% of the exam.

    NY Candidate using Becker: FAR (2/20) - 81, AUD (4/3) - 92, REG (5/3) - 95, BEC (5/29) - 89 DONE!!!

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