@another81,
As to,
Please share your exam experience. Thank you!
We can only share so much without in violation of AICPA rules.
I am a very old CPA candidate. I have taken many AUD CPA exams, and each of them are quite different from each other. Out of these AUD exams, I passed twice, and had a few 50s, 60s & 70s from all them.
Becker, Wiley & Ninja are great for AUD exams. If you decide to supplement, make sure you get the Ninja Sniper package. Do everything included in the package, and you'll do fine.
Since I can't say much about the actual exam, but I can at least share my favourite AUD to-do-list. Make sure you are comfortable with:
– Audit planning
– Audit objectives
– Audit committee
– Audit procedures
– Assertions
– Internal control
– Segregation of duties
– Evidence gathering
– Risk assessment – Audit Risk, Control Risk, Detection & Inherent Risk (esp between detection risk and substantive testing)
– Audit committee
– Misstatement/Fraud/Illegal activities
– Analytical procedures
– Ratio Analysis (number crunching)
– Substantive Testings (number crunching)
– Vouching / Tracing
– Types of reports (esp. when to add a paragraph)
– Reports format and opinion, when to use Disclaimer and Adverse
– Know some IT related to Audit.
– Briefly read Sampling topic.
– Be comfortable with F/S analysis (using vouching/tracing accounts), matching source documents, FS & related schedules.
– Be comfortable of doing adjustments – JEs, and using of worksheets.
– Know the laws and procedures that relates to professional responsibilities
– Basically read your notes and textbook, first to last page and pay attention to illustrations.
– Last, but not the least, visit AICPA website for Sample Test, at least a week before your exam.
Good luck.
AUD - 49
BEC - NINJA in Training
FAR - NINJA in Training
REG - 55
Passed: AUD (75%'08/77%'17), REG (76%'09) & BLaw(77%'99); highest on FAR (63%'11/'15) & BEC (63%'11). Credit Hours: USA(PH)-BCom'85(4yr-grandfathered); UBC-(DAP'02/'19); DC-(BBA-Acctg.'22-4th yr)=over 150 hrs credits
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