Flowchart in Auditing?

  • Creator
    Topic
  • #157905
    suzzette1
    Participant

    I am preparing for my Auditing exam in July and I just finished Yaeger homestudy. Gary informed us there is a possibility that they might give a flowchart as simulation in Internal Control. Is there a possibility for this? I remember that Cindy explained in BEC that the possibility of flowchart is remote because it will take up more space in the database. Any comments would be appreciated!

    BEC 2/8/10 - 75 (studied hard & prayed less)
    REG 5/15/10 - 88 (studied less but prayed hard)
    AUDITING 8/9/10 - 79 (studied hard and prayed hard)
    FAR 11/30/10 - 79 (studied hard and prayed hard) Thanks GOD! I'm DONE

Viewing 7 replies - 1 through 7 (of 7 total)
  • Author
    Replies
  • #409235
    Jason
    Participant

    Nobody knows whats going to be on the test let alone the simulations. I would not worry about a flowchart except for the logical flow of items, which you should already know from school.

    FAR 81, BEC 75, AUDIT 92 ,Reg 88

    #409236

    I WOULD be concerned

    IL - BECKER=============> DONE
    REG - 80; FAR - 65,79; AUD - 53,78; BEC - 71,68, 75 (used becker and yaeger for 3rd BEC)Ethics 95

    I'M GONNA CELEBRATE AND LIVE MY LIFE SAYING AYE OH BABY LETS GO!!!!!

    #409237
    Jason
    Participant

    Just look them over maybe write them down once so you understand how stuff flows, if you the do MC it also covers a lot of this stuff and you learn it that way.

    FAR 81, BEC 75, AUDIT 92 ,Reg 88

    #409238
    jeff
    Keymaster

    It would be wise to study it enough so that you can look at a flowchart symbol and identify it.

    -Jeff

    #409239
    Jason
    Participant

    Yea I agree with Jeff. These symbols are self evident, however, just look them over. It's just like anything else in the books, study them enough so that you can at least identify them IF asked.

    FAR 81, BEC 75, AUDIT 92 ,Reg 88

    #409240
    suzzette1
    Participant

    Thanks for the inputs guys! This site it the best place to ask questions wherein everyone helps another. Points well taken!

    BEC 2/8/10 - 75 (studied hard & prayed less)
    REG 5/15/10 - 88 (studied less but prayed hard)
    AUDITING 8/9/10 - 79 (studied hard and prayed hard)
    FAR 11/30/10 - 79 (studied hard and prayed hard) Thanks GOD! I'm DONE

    #409241
    Anonymous
    Inactive

    There was a flowchart in the Audit Exam in the simulations that I just took. It was an accounts payable flowchart and at every stop in the flowchart you had to click on it and choose which internal control would be applied at this step.

Viewing 7 replies - 1 through 7 (of 7 total)
  • The topic ‘Flowchart in Auditing?’ is closed to new replies.