[lauramaria]

Would any brave soul speculate on the odds of getting a tick mark related SIM in AUD, please? I found such a SIM in Wiley test bank, and I am not doing very well on it.Should I keep working on it?

Many thanks for your input

[Minimorty]

@laura – Its possible, but I wouldnt spend much time there. Move on.

[kaaCPA]

its definitely possible. i would make sure to know it. its pretty simple/easy stuff anyway…

AUD | 85
REG | 77
FAR | 76
BEC | 83
========
ETH | 93
State Board Application pending!

[iPass]

@lauramaria,

my first reaction to this kind of SIM that appeared during my final exam in Becker was like “come on, Becker! REALLY?! Tickmarks?!” How I supposed to know something that wasn't covered in details in my review course. But then I read the assignment, and simply tried to apply common sense. Surprisingly, I got this SIM 100% correct.

Since there is no universal set of tickmarks used by auditors, and all the mark are just symbols, try to rationalize what amounts have a specific symbol next to them, what is common between those amounts (do they represent beginning balances? or ending balances?) and how would you verify those numbers?

I hate straight memorization. And when it comes to AUD the last thing I wanna do is memorize something I have absolutely no interest in 🙂 Common sense approach works for me, see if utilize this approach too 🙂

BEC - 10/12/2011 - 78
AUD - 11/23/2011 - 84
FAR - 02/22/2012 - 76 (I'll take it!)
REG - 08/31/2012

“Win as if you were used to it, lose as if you enjoyed it for a change.”
-Ralph Waldo Emerson

[Anonymous]

I saw that SIM in a Wiley test bank, and bombed the first time around.

The tickmark stuff was part of an auditor's working papers. You know the rule right about working papers? They have to be done in such a way that an EXPERIENCED AUDITOR would know what work was done – they have to know what the tickmarks mean.

The CPA is testing knowledge for ENTRY LEVEL accountants.

How on earth are ENTRY LEVEL accountants supposed to know something only an EXPERIENCED AUDITOR would know?

Wiley Test Bank uses a lot of questions that were released by the AICPA – these were on previous CPA exams but were thrown out. I SPECULATE that this question was thrown out of the CPA because of this standard. But then again, I am speculating.

[Yvonne570]

Tick marks are very important for audit. Once you see workpapers with tick marks, it appears pretty basic. Shows audit work from other auditors in areas that would seem common. You can kind of guess what they did – check the ledger total to the trial balance using a check mark. Perhaps google search for some examples.

AUD - Passed:)
FAR - Passed:)
REG - Retake TBD
BEC - Missed by 3 points Retake TBD

[Author]

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