[goodluck2everyone]

the way I understand it, the test of controls comes after we have determined audit risk (rmm + detection risk)

I also understand that an increase/decrease in control risk will result in a decrease/increase in detection risk respectively, which will increase/decrease the amount of substantive tests respectively

but does this also mean that an increase/decrease in substantive tests will result in a decrease/increase in test of controls? (respectively)

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[goodluck2everyone]

blah blah blah blah I dont have time to read all that crap I have better things to do so dont waste your time writing anything

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[mla1169]

You might want to reconsider your stance on being “spoon fed” the knowledge needed for the exams instead of trying to argue that your study methods are superior if they're not working for you. So mini and see passed the first time? Good for them. May be evidence they are worth listening to? Humility is most definately not a weakness especially when you have everything to gain.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Anonymous]

Lmao I'm surprised you know how to read

[katiekanton]

Wow. I don't think I've ever seen someone so determined to make every single person they interact with think they're a jerk.

As far as the topic posed, I consider this a pretty foundational topic to Auditing–one I spent a lot of time on early on because I thought it was probably really important. Imagine my surprise when I found out the exam didn't seem concerned about it.

In all seriousness, goodluck, I am being genuine here. If you are struggling with this very basic topic, I think you might ought to just save your money and time, and concentrate on being a really good accountant without the designation. I'm not saying that to be mean, I'm saying it because the exam is so incredibly difficult I don't see how you'll be able to master the harder topics if this one is tripping you up. Even if you do, it'll cost you thousands of dollars.

Now, let fly with your schoolyard insults. I'll let you guess whether or not I'll revisit this thread.

AUD - 88
FAR - 90
REG - 85
BEC - 88

[goodluck2everyone]

or how about I spend more than 25 hours studying for audit? CPA scores are a result of how much time you put into it, not how smart you are. If anyone thinks otherwise, they are a complete idiot.

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[mla1169]

so wait, you've gone from blaming becker for poorly preparing you to claiming you don't really even study?

Goodluck I want to root for you, seriously. But you're starting to make me think you're not even taking these exams. Your plot lines change faster than..well if I watched tv or movies I guess I'd have a comparison!

I am concerned for you.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Anonymous]

let's get ready ro rumbleeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!!!!!!!!!!!!!!!!!!!!!!

[Minimorty]

@goodluck – You are on a roll with the ignorant comments. You honestly believe that being smart has nothing to do with how well you score on the exam and as long as you put in 200+ (or whatever) hours you are assured of passing every time? C'mon man. I understand that you are young and you still have a lot of growing up to do, but you should really consider changing your attitude sooner rather than later. Even the people that were initially sympathetic to your cause are now seeing your true colors. Succeeding in this industry is only party based on your accomplishments. Most of it has to do with how well you interact with others and the relationships you build along the way. Until you learn this, you will have a hard time being successful.

[yankeeaccountant]

@Mini

Well said.

[Anonymous]

Yes Goodluck…chill out bro..life is good…and the CPA exam is not a matter of death or life….

[Jennifer241]

Obviously Becker isn't working for her, it doesn't work into her learning style or techniques so she puts in little effort since she isn't getting anything out of it. I don't see where all of you have the right to bad mouth her. She came here asking for help with audit, not to read insults. Please go troll somewhere else.

As for audit, Control risk (and inherent risk) are both evaluated by the auditor during the planning phase (prior to getting to the audit). During planning, you read up on the company to gain an understanding of what type of business/company they are and then read their internal control policies to see if there are any controls that they could/should have that are missing. If you feel they are missing some important controls then you assess their risk at high, if you think they have all the controls in place to assess risk at low, then THAT'S when you want to test controls!

Once you place control risk at low, this lowers the amount of substantive testing you will do during field work, so you want to test those controls to back up your opinion that their controls are good and are in place and working. Now if you put control risk at high, you are basically saying that they don't have good controls in place and you aren't relying on them therefore you wouldn't need to test them (you already know they aren't good or don't work), so more substantive testing will be done during field work.

I hope this helps!

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[See Pee A]

@Jennifer241: I believe other posters are referring to goodluck's comments on other threads (not just this one). Fairly ignorant to study “25 hours” for AUD and then post a thread that Becker sucks. I'm not a Becker rep and could care less if you wiped yourself off after using the restroom with it, but unfounded comments bother me and clearly others as well.

Goodluck's other claims about the ‘curve', timing within a testing window, and other haphazard theories not only are silly, but to some degree insult me and the hard work I put in since it seems (s)he is claiming that passing the CPA is more luck than preparation. I have answered goodluck's questions fully and given honest advice. In return, I get satirical comments. Anyone who has started 40+ threads asking questions and then tries to tell me what the reality is is surely looking for something besides an answer to their cpa questions. Perhaps some strange vanity issue? Who knows, I'm a CPA not a psychatrist. Better luck next year, goodluck2everyone. You surely need it.

BEC 86 (08/30/11)
FAR 84 (10/13/11)
REG 88 (11/08/11)
AUD 86 (11/29/11)

Exam prep - Becker self-study

[goodluck2everyone]

I already have a great job with great coworkers who love me to death. They want me to move ahead quickly within the firm so they encouraged me to get the CPA

I was venting about getting such a low score using becker because I felt I understood the material well (now I can tell that wasnt the case). Excuse me for venting a little bit.

@jennifer

thanks for the help! and anybody else who helped me. I dont like being lectured, my low score is proof enough of my lack of preparation. We should be encouraging eachother, not calling eachother failures. If I'm a failure for not passing these tests my first try, then 90% of us are failures.

BEC- 80
REG- 68, 71, July
AUD- 61 , 84
FAR- -- 75 🙂

[mla1169]

Goodluck it seems to me that you are disappointed that you severely underestimated the exams and are projecting that into what you perceive others think of you. Nobody here judges anybody else for failing because most of us do. But go back and read your own messages, from trying to improve your practice scores 2 points per day the week before an exam, to admitting to studying only 25 hours for AUD. you're looking for the magic bullet to get a passing score for the least possible effort and angry with people who try to explain it doesn't work that way. I studied hundreds of hours and had more reasons than most people here not to be able to! Somehow I pushed past all human limits even to the point of physical illness. When you're willing to push yourself THAT hard you will have the respect you want. From everybody here, I personally guarantee it.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Anonymous]

Yeah…MLA is dead on…you're just lazy and no one here respects people like that. Also, you're not a failure because you didn't pass the exams on the first try, you're a failure because you were acting like a douche who didn't take responsibility for his/her own mistakes. Venting is fine, but putting the entire blame on everything/everyone but yourself is a slap in the face to anyone here who has studied their @ss off and failed a part of the exam.

[Author]

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