AUD Study Group Q1 2015 - Page 5

Viewing 15 replies - 61 through 75 (of 1,162 total)
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  • #649847
    SullivanNJD
    Member

    Also reporting for AUD duty for Q1. 1/16/15 scheduled exam. lets get after it

    FAR- 87
    REG- 81
    AUD- 88
    BEC-

    Who's Better Than Us? nobody

    #649848
    MariaCPAToBe
    Member

    I'm taking AUD on 01/02/2015. I have the Ninja Notes, Audio, Flashcards, and MCQ. Already have listened to all the audio while driving so I'm on my second round of listening now. I'm probably going to write all the notes and then non-stop MCQ's. Let's go group!!!!!

    Maria

    BEC - 11/28/14 Score 75
    AUD - 01/02/15
    REG - Planning for Mid Feb 2015
    FAR - Planning for Mid Apr 2015

    #649849
    jstay
    Participant

    when should i take AUD?

    I have passed FAR & BEC, now have my goals on audit in January. I already started but havent taken it that serious because of finals, projects, etc. Im hitting it hard this weekend and from here on out. So any recommendations on when to take it? I also plan on taking REG at end of February but I'm not too confident with leaving 6 weeks for REG (assuming I take AUD around 1/10, 1/15 the latest. I really just want AUD next window

    any advice is appreciated

    #649850
    howmany74s
    Member

    @jstay;

    How much time did you spend on FAR and BEC? If you spent around 8-9 weeks to FAR and 3-4 weeks to BEC and passed at first try, I would say 5 weeks max for AUD, given you can finish material in 3.5-4 weeks and rapidly review through mcqs in 1 week. I audit for a living but heck all I do is bank audits so I don't know much about inventory, business cycles and such, and I just failed with a 74 with a 2.5 week study time. Using ninja exclusively.

    Aim for mid January and start hammering the material.

    Hope this helps.

    #649851
    howmany74s
    Member

    @anjanja,

    A – This is cutoff assertion so couldn't be tested through analytics, it just wouldn't kick off at a threshold based testing.

    B – You can catch an abnormal increase in P&L account easily though analytics – a good option (hint: most audit engagement perform analytical procedures to p&l accounts as the relationship of increase/decrease is often driven by balance sheet items – which are either externally confirmed or religiously tested, so if you're in doubt, go for p&l item)

    C- This means 0% change in the uncollectibles expense because they didn't adjust their policy, and if you have a 10% threshold investigation, this would not be caught through analytics

    D. This is unrecorded liabilities testing, vouching from subsequent year payments and tracing to the source, ensuring that they're not moving their expenses around and recording at the right period.

    B is the best among the 4.

    #649852
    howmany74s
    Member

    @anjanja, on your first question of sampling: The population has a high chance of errors and it is a large population so you will go with the sampling option that will increase your sample size. Picking more items will increase your chance of catchign the error. Since it is perpetual, there is no way to increase your sample through mean per unit, because your mean will always be small (remember the characteristics of perpetual inventory).

    #649853
    Anonymous
    Inactive

    howmany74s,

    why can't I increase the sample size and use mean per unit? I don't get what exactly is the difference between mean per unit and ratio estimation approach other than the way it's calculated. Is it just because they said unstratified mean-per-unit? What if it was stratified, would ratio estimation still be used?

    #649854
    Anonymous
    Inactive

    howmany74s,

    the funny thing is, per Roger D is the correct answer, I am talking about D. notice of an increase in property tax rates was received by management, but was not recorded until early in the subsequent year.

    I asked roger homework help even before seeing this version in ninja because none of the answers made sense to me.

    #649855
    ILCPA2014
    Participant

    I just got mu AUD result 73. Ohh well, I need to study harder next time.

    AUD - 80
    BEC - 77
    FAR - 77
    REG - 81
    IL CPA License:
    08/22/17 - Received Final Passing Score
    08/25/17 - Received email from ILBOE (Certificate # and Issue Date)
    09/07/17 - Received email from IDFPR (CPA scores received) Applied for License online
    09/14/17 - License # posted on IDFPR website

    Licensed CPA 2017!!

    AUD Passed 78 (4x) Thank you Lord.
    REG Passed 81 (2x) Thank you St Joseph of Cupertino
    FAR Passed 77 (3x) Thank you St Joseph of Cupertino. Thank you Lord.
    BEC TBD
    My CPA journey started in 2013 and it will be finished in April 2016. That's for sure!!
    Ethics 91

    #649856
    Yukkeko
    Participant

    I'm targeting end of Jan or early Feb for AUD. Haven't yet started, but will do soon.

    AUD - 99
    BEC - 92
    FAR - 97
    REG - 94
    Accounting

    FAR (4/14/14) - 97
    REG (11/17/14) - 94
    BEC (11/30/14) - 92
    AUD (2/28/15) - 99
    TEARS!

    #649857
    Tax lady
    Participant

    I need to get in gear! I've been sick the last 4 days and haven't studied a single bit. I have a feeling December is going to be hard for me to find study time. :-/

    AUD - 80
    BEC - 75
    FAR - 85
    REG - 82

    REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
    AUD 5/30/15 (80)
    BEC 11/28/15 (75)
    FAR 7/30/16

    Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

    #649858
    Troblin
    Participant

    I just found out that I passe FAR and am now on to Audit.

    Look forward to pulling knowledge and cramming copious amounts of MCQs with you all in the upcoming Q1 study group!

    FAR: 85(11/22/2014) - Becker(full)/Ninja MCQ (5 day cram)
    AUD: 79 (2/1/2015) -Becker/Ninja MCQ/Ninja Notes
    REG: 84(4/19/2015) -Becker/Ninja MCQ/Ninja Notes
    BEC: 83 (7/13/2015) -Becker/Ninja MCQ/Ninja Notes

    Date I Got My Life Back!: 8/4/2015 🙂

    #649859
    IhateAUD
    Member

    @willpassby2014

    I have the same situation! I did AUD in July and got 72. And I rematch it in Nov. and got 71.

    I used Becker at the first time, and did Ninja MCQ for the second time. My MCQ report is:

    average score is 68%, trending is 84%, total quesstion attempts 3944.

    I really dont know what's wrong with me…..

    #649860

    @ihateAUD. Now i know most of the questions in NINJA AND CPA EXCEL. IF i read half of the questions i know the answer . I did not memorize. its quite easy. I got comparable on SIMS and weker on MCQ. Dont know what to do. thinking of taking gleim or something so i get a fresh air. Planning to give it in second week of Jan since i may have to give REG in Feb. I took REG on dec 6th but did not do great on MCQ though i did well on SIMS

    BEC Passed
    FAR Passed
    AUD Passed
    REG Passed

    #649861
    Anonymous
    Inactive

    Hi guys, I need some helps.

    Since I already failed AUD 2 times,,

    I am doubting my study plan might be bad.

    This is what I did in the past.

    I completed the lecture, read the textbook, and finished the homeworkers for 3 times.

    FYI. With the Beckers material

    Thus, till now, I already repeat my material for 6 times…

    Should I buy some extra material, since I could mostly memorize all the answer of the MCQ.

    Or just repeat the plan again?

    Plz give me some advise…

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