[Mikey89]

When it comes to AUD, I totally understand the concepts, they are pretty simple. However, when it comes to applying the concepts I am absolutely terrible at them. Even during Auditing and Advanced Auditing in school, I just could not apply these simple concepts. Also, I feel like the wording of the questions confuses me. They will sometimes ask a simple question about the Risk Model and I will have no idea what the question is asking me. Did anyone else have this problem with AUD, if you did, what steps did you take to overcome this and pass the exam. This is the only section of the exam I have been dreading and any advice would be VERY appreciated. Thank you so much in advanced.

Reg 4/18/12 78
Far 7/30/12 74, 74, 75
Bec 11/11/12 74, 78
Aud TBD 51, 71, XX

[KassiusKlay]

So all of us are used to accounting or finance or what have you. We're used to knowing the exact answer. We like to figure it out and that way we know its right. The thing with auditing is its completely different than this. Very few questions ask you to perform calculations. Most of it is conceptual and people (more specifically accountants) have a hard time grasping that. I think you should just practice MCQ. Over and over and over again. Not sure what study material you're using. They way I sneaked by with audit was to re-read the stuff I didnt understand and re-write it. But honestly MCQs are king. Do as many as you can. And then do them again and again. Like you said the material isnt hard its just applying it. For me it just clicked one day kind of and I think you just have to stay the course till then. You have plenty of time!

Form is temporary, class is permanent.

Audit 4/19/12 - 77
BEC 5/31/12 - 75
FAR 8/30/12

[goodluck2everyone]

read the questions slowly and think like an auditor.

I never took an auditing class and I thought that memorizing the concepts would be enough to pass. There's no magic pill to passing this exam, you just have to practice and practice the mcq until you finally understand the concepts. Also, for the simulations USE THE RESEARCH TAB.

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

[Givemesleep]

Two bits of advice for AUD. RTFQ! and memorize the report types inside and out.

Reg 11/15/2011 - 80
Aud 02/28/2012 - 81
Bec 05/31/2012 - 78
Far 08/31/2012 - 83 Do you believe in Miracles, YES !!!

CPA License received 10/2012 !!
CFE License received 04/2013 !!
EA License received

Givemesleep

[Anonymous]

i agreed with my fellow people. Memorize the report. For each individual item on the financial statement like sale,cash,inventory,etc, try to understand the step for each department functionality. How the J/E go, where the receipt/invoice go from one to the others. I think Wiley book has a nice table for that. I didn't remeber the page. I also combined Wiley book with Becker book in order to get a broad picture. I think becker has a better way to memerize those report.

[Hut-Hut]

@Mikey I'm like you too so here's several things I do which helped me out.

1. For the risk model (and any other topic which this may apply to), you sort of have to read in between the lines. If the question asks, “which of these is correct assuming RMM increases.” You know the risk model, so you know if RMM increases, DR decreases, substantive testing increases, but the answer isn't going to be that easy. So look for the answer that compliments either DR decreasing OR substantive testing increasing, something like “perform substantive tests year-end instead of interim.” (you get the idea)

2. For the questions that ask: “Which of these does the auditor NOT do?” What I do is, I ask myself “the auditor does 3 of these” and then I cross out the ones that the auditor would do and the leftover is the answer. lol it sounds like a waste of time, but it works for me so I do it. I apply this method for the heavily worded questions, especially the ones with double/triple negatives.

3. Read the questions and answers slowly and carefully. Words like “All”, “Never”, “Always” most likely are wrong. Pay attention to those. If you read the question and think to yourself “3 of these are right” or “all of these are wrong”, chances are you misunderstood the question. There's always one word/phrase that's going to fu** it up for you.

4. You know how in algebra, after you solve for ‘x' you plug it back in to the equation to see if it's correct. Same concept applies here. After you choose an answer, try this. Read the question again, followed by the answer. Sometimes it'll hit you that the answer is wrong. I noticed this applies more for the transaction cycles. After I reread the question/answer, I would think “no wait, that doesn't provide that the sales were recorded.” (you get the idea)

5. The questions which you have no clue. Look at the options first. Sometimes you can use deductive reasoning (ie. 3 of these are balance sheet items, so take your chance with the income statement item). If you can't apply this method and have to guess, go with C or D (whichever sounds better).

Good luck dude!

BEC - 67, 79 - (expires 5/24)
REG - 74, 72, 77 - Key to Passing: RTFQ
FAR - 77 - Chance favors the prepared mind.
AUD - 64, (5/14) - FREEDOM!! (i hope)

[lynseyklly]

I agree with doing as many MCQ's as you can stand, but with the purpose of training yourself on how to do them. This is what worked well for me. The wording in AUD questions was making me crazy, so I had to train myself to pick out certain words immediately and based off those look for particular words in my answer. Hopefully I'm making some sense. I just think it is easy to get confused by the wordiness of the questions as well as the fact that it seems they are trying to trick you. If I didn't know the answer, I could always get down to 2 options and then take my best guess.

AUD 85 (2/22/12)
FAR 81 (5/10/12)
BEC 7/13/12
REG 10/1/12

using Becker

[Author]

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