No Audit Experience, Audit Exam approach advice needed please - Page 2

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    Topic
  • #1303239
    CPASF1
    Participant

    Can someone please provide me tips on how to study for audit and how long will be sufficient. I took audit in February of this year and received a 53, got disappointed and now i am starting over. Have to take this test first because NTS expires in like 3 months i think. I have never worked in audit and currently work as an accountant 40 hours/week. I have the Roger course and wiley testbank, and NINJA 10 point combo minus the mcq’s cause they expired. THANKS A TON!!! It’s okay to be harsh, I rather hear the truth and just work my way from there.
    oh yah and I have a textbook from college which I will read first for a week before going into the review course material.

Viewing 3 replies - 16 through 18 (of 18 total)
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  • #1306039
    CPASF1
    Participant

    great, thanks @ultrarunner @monikernc @stickynicky @bondvillian for the advice!

    #1307008
    livealittle
    Participant

    the mnemonics in Becker helped me a LOT. especially the required components of the engagement letters

    MR DIM REPPORTS CRAME – crame for crime and 2 P is repports

    Management's
    Responsibility
    for the
    Design
    Implementation and
    Maintenance of the internal controls

    next section is the Auditor's Responsibility

    Responsibility is to
    Express an opinon on financials….standards require a
    Plan and
    Perform the audit procedures to
    Obtain audit evidence…..including the assesments of the
    Risks

    etc….

    lots of testing on the different levels of assurance and engagements an auditor can take and what kinds of letters go with each.

    for the Sims, my Becker study material prepared me well. I studied about 8 weeks while working full time and got an 81.

    good luck, don't gloss over any part, study it all, it's all fair game.

    really understanding the different levels of attestation and the letters was key for me.

    BEC - 8/8/16
    REG - 66, 77
    AUD - 81
    FAR - 9/8/16

    #1307802
    CPASF1
    Participant

    thanks @livealittle, appreciate it

Viewing 3 replies - 16 through 18 (of 18 total)
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