Audit Exam Experience - Page 2

  • Creator
    Topic
  • #818844
    Ryan
    Participant

    Just wanted to share a few things on my AUD experience (scored a 93)

    1) Do not waste your time trying to gauge your testlet difficulty. It means nothing. I felt the testlets went easy/easy/easy. A hard question will be easy if you are prepared and know the answer. An easy question will be hard for you if you don’t know it. Stop thinking about testlet difficulty!

    2) Studying for the SIMS is impossible. I was able to answer the SIMS based on audit/accounting work experience and using the authoritative literature. No amount of studying would have helped me on the sims.

    3) I did about 4,000 MCQ (a lot of repeats) and felt it helped a lot. Seeing the same question 5 times enabled me to nail down the concepts.

Viewing 4 replies - 16 through 19 (of 19 total)
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    Replies
  • #827449
    Trele6
    Participant

    Anyone know a good place to study for AICPA pensions that are tested on the AUD exam?

    First go at the CPA! Only using Becker
    Reg / Nov 2015 - 87
    Far / Apr 2016 - 79
    Bec / May 2016 - 80
    Aud / Aug 2016

    #827908
    samer
    Participant

    how do compare the exam mcq to wiley test bank?

    #828040
    samer
    Participant

    @allaboard
    SSARS provisions does not apply if you are an employee of the company. independence is not the onlyy issue, compilation of FS doen't require independence but requires disclosure, howver if you're an insider (employee) you don't have to disclose such info

    As for the lower AR turnover ratio, option D says that the employee was lapping in both years, so it's unlikely that a significant decrease in AR ratio would be due to Lapping. which makes option A the best answer

    #828229
    Ryan
    Participant

    @crush- I never memorize. I try to understand all concetps. By doing thousands of mcq, I'm able to recall any important formulas. Sitting there with 90 indexcards trying to memorize things is a bad startegy IMO.

Viewing 4 replies - 16 through 19 (of 19 total)
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