AUD or REG?

  • Creator
    Topic
  • #1947454
    Yuri
    Participant

    So I recently took my FAR exam, but I can’t seem to decide between REG or AUD, I am worried if I don’t take REG soon I will have to learn the changes for next year, and AUD I heard it was conceptual so I think it should be okay for me. Still, I do not want to underestimate any of the sections. What do you guys prefer?

Viewing 7 replies - 1 through 7 (of 7 total)
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  • #1947523
    TalkNerdyToMe
    Participant

    My suggestion would be REG, AUD, then BEC. I actually loved REG and didn't find the exam too challenging (although I studied my butt off). You get a good mix of conceptual with Business Law and computational with tax. Now that you finished FAR, REG should be a piece of cake. Then I'd move to Audit to give yourself a little break before BEC. The wording in Audit can be a little tricky, but it's overall not that bad. Then I'd move on to BEC. I can't speak for FAR since I don't take it until December, but BEC was a nightmare for me. It's ultimately up to how you feel, but that's just my little tidbit of info.

    #1947649
    Anonymous
    Inactive

    I would absolutely say AUD. I took FAR, BEC, REG, in that order and sat for AUD yesterday. FAR and AUD have a lot of overlap of material. AUD will ask you questions that are very related to FAR material and you might even have to make some journal entries. While all of the sections are somewhat interrelated, FAR and AUD have the most similarities. If I had to do it all over again knowing what I know now I would've taken AUD directly after FAR instead and saved BEC for last. However, if you work in tax and are already very familiar with the current tax laws maybe I would take REG before it changed. But if you don't work in tax you will be basically starting from scratch anyway so the changes will not affect you as much, so why not take AUD while the FAR material is fresher in your mind? Just my two cents.

    #1948195
    alloverit
    Participant

    I would agree @Zach unless the OP can beat the tax changes by taking REG now.
    But the main thing is not to fail a section by rushing into whichever you choose.

    #1948216
    Anonymous
    Inactive

    I would say REG first. For this reason- even if you don't have any experience in tax, there is much less uncertainty in the Q3/Q4 version of the exam before it changes. Nobody knows how they plan to incorporate the new tax law into the exam, and which topics will be heavily tested/breezed over. All the review companies will try their best to update their material, but my best guess is that it takes at least 2-3 quarters before REG materials will be as close of a representative to the exam as what we have now.
    For me, taking REG this year would be a no-brainer. As others have said, FAR and AUD compliment each other a little bit, but I also firmly believe there is no particular order you need to take the exams in to succeed. If you can finish AUD and still sit for REG before December, then absolutely go that way.

    #1948222
    TalkNerdyToMe
    Participant

    Impressive scores, @Chandler! Congratulations! I wish you could put on a curly blonde wig and take FAR for me in December!

    #1948357
    Yuri
    Participant

    Thanks guys! Yea I guess either test is fine, See I am not too confident about my FAR exam so I might have to do a retake. I guess either choice wouldn't be too bad because REG change might make the test not exactly on point to review courses material (good point @Chandler) and two AUD interrelates with FAR so it can help me know more if need be a retake for FAR. After experiencing FAR I plan study a lot harder. Really appreciate the feedback guys!

    #1949116
    Anonymous
    Inactive

    @Yuri sure no problem- and I wouldn't get ahead of yourself about a retake for until you know for sure. No one knows what to expect of these exams when you are taking your first one.
    @TalkNerdyToMe, thank you! And somehow I don't think that would go too well (:

Viewing 7 replies - 1 through 7 (of 7 total)
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