Audit Common Sense

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  • #181628

    Why does everything in audit seem like common sense?… I don’t know if thats a bad thing. Is it really that easy?

    FAR - 07/29/2013 76
    BEC - 08/30/2013 83
    AUD - 11/11/2013 71 Retake - 05/10/2014 91
    REG - 04/30/2014 37 Retake - 08/25/2014 87

    New Jersey

Viewing 15 replies - 1 through 15 (of 40 total)
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  • #469139
    katieeCPA
    Member

    Are you an auditor? If so, then it does come easier to us than to others. It's really challenging for a lot of people because it's not black and white – the exam questions can be difficult to decipher – there's a lot of “best answers” and it's sometimes difficult to determine what the right one is. Best of luck to you!

    BEC: PASSED!
    FAR: PASSED!
    AUD: PASSED!
    REG: PASSED!

    #469198
    katieeCPA
    Member

    Are you an auditor? If so, then it does come easier to us than to others. It's really challenging for a lot of people because it's not black and white – the exam questions can be difficult to decipher – there's a lot of “best answers” and it's sometimes difficult to determine what the right one is. Best of luck to you!

    BEC: PASSED!
    FAR: PASSED!
    AUD: PASSED!
    REG: PASSED!

    #469141
    Anonymous
    Inactive

    It's not common sense for me. Studying for my retake. However, everyone talks about how difficult FAR is and the stuff I have reviewed so far is stuff I do every day at work so hopefully that one will be common sense for me. Join the AUD study group so you can help the rest of us out. 🙂

    #469200
    Anonymous
    Inactive

    It's not common sense for me. Studying for my retake. However, everyone talks about how difficult FAR is and the stuff I have reviewed so far is stuff I do every day at work so hopefully that one will be common sense for me. Join the AUD study group so you can help the rest of us out. 🙂

    #469143

    Ive been an auditor for a total of two weeks lol so I'm not sure if that is helping yet. I don't know what it is. I felt like the exams I have taken, FAR and BEC were all completely new material and I really had to learn it over and over. For audit it seems like one time through is enough for it to make sense.. Good luck to you both! I hope I am not shocked after I actually take it.

    FAR - 07/29/2013 76
    BEC - 08/30/2013 83
    AUD - 11/11/2013 71 Retake - 05/10/2014 91
    REG - 04/30/2014 37 Retake - 08/25/2014 87

    New Jersey

    #469202

    Ive been an auditor for a total of two weeks lol so I'm not sure if that is helping yet. I don't know what it is. I felt like the exams I have taken, FAR and BEC were all completely new material and I really had to learn it over and over. For audit it seems like one time through is enough for it to make sense.. Good luck to you both! I hope I am not shocked after I actually take it.

    FAR - 07/29/2013 76
    BEC - 08/30/2013 83
    AUD - 11/11/2013 71 Retake - 05/10/2014 91
    REG - 04/30/2014 37 Retake - 08/25/2014 87

    New Jersey

    #469146
    Anonymous
    Inactive

    Don't underestimate the exam because it seems straightforward. AUD had the lowest pass rate of all the exams last quarter. Studying with that mentality can lead to overlooking important details

    #469204
    Anonymous
    Inactive

    Don't underestimate the exam because it seems straightforward. AUD had the lowest pass rate of all the exams last quarter. Studying with that mentality can lead to overlooking important details

    #469149
    Jennifer241
    Member

    Wait until you get through Internal Control and audit sampling. Then come back and let us know 🙂

    I have been an auditor for 10+ years, and studying audit was not a walk in the park… even for me.

    AUD - Jan 9,13 Pass
    REG - Aug 30,13 Pass
    BEC - Oct 26,13 Pass
    FAR - Dec 4,13 Pass

    Licensed CPA in the state of Oregon

    #469206
    Jennifer241
    Member

    Wait until you get through Internal Control and audit sampling. Then come back and let us know 🙂

    I have been an auditor for 10+ years, and studying audit was not a walk in the park… even for me.

    AUD - Jan 9,13 Pass
    REG - Aug 30,13 Pass
    BEC - Oct 26,13 Pass
    FAR - Dec 4,13 Pass

    Licensed CPA in the state of Oregon

    #469150
    tough_kitty
    Member

    Depends on the MCQs…some have VERY ridiculous answer choices, so it's easy to answer using the elimination process, but some can be really confusing EVEN if I understand what they are asking (e.g. tracing for existence, etc.). Some of internal control questions can be tricky as well! I got 80% on 200 MCQs that I did with WTB but if I get those types of questions that I missed on the exam, then I will be in trouble!

    FAR: 81 (May 2013)
    BEC: 81 (July 2013)
    REG: 83 (August 2013)
    AUD: 82 (November 2013)
    California CPA since 1/30/14

    #469208
    tough_kitty
    Member

    Depends on the MCQs…some have VERY ridiculous answer choices, so it's easy to answer using the elimination process, but some can be really confusing EVEN if I understand what they are asking (e.g. tracing for existence, etc.). Some of internal control questions can be tricky as well! I got 80% on 200 MCQs that I did with WTB but if I get those types of questions that I missed on the exam, then I will be in trouble!

    FAR: 81 (May 2013)
    BEC: 81 (July 2013)
    REG: 83 (August 2013)
    AUD: 82 (November 2013)
    California CPA since 1/30/14

    #469153
    Iron_Victory
    Member

    I'm unsure of what you mean by “common sense”.

    There are plenty of MCQ on AUD that are designed to throw you off course with wording to gauge your knowledge of the topics.

    I find that the CPA exam is far from “common sense” as it covers advanced and very specified subject matter that in the normal course of life and education you wouldn't learn.

    AUD - (74),78
    BEC - 85
    FAR - 86
    REG - 84

    #469210
    Iron_Victory
    Member

    I'm unsure of what you mean by “common sense”.

    There are plenty of MCQ on AUD that are designed to throw you off course with wording to gauge your knowledge of the topics.

    I find that the CPA exam is far from “common sense” as it covers advanced and very specified subject matter that in the normal course of life and education you wouldn't learn.

    AUD - (74),78
    BEC - 85
    FAR - 86
    REG - 84

    #469155
    nbad311
    Member

    I agree that it has a ton of common sense in it. It can be tricky because it seems like all the language/terminology in the audit exam it what is foreign…meddling through double negatives verbiage makes me rage. A simple “this is risky/bad” “this is ok/good” would have sufficied in many audit sections! None of this if materiality decreases than this increases, blah blah blah.

    That being said, I personally know two people, BOTH auditors, BOTH acknowledged as being basically super nerds (I say that in a friendly way – very smart people), who passed all exams on their first tries except for audit, which they both failed once before passing. haha. So no. It's NOT really that easy.

    REG - 65, 70, 80!
    BEC - 35, 62, 79!
    AUD - 73, 75!
    FAR - 65, 73, 70, 75! DONE.

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