AUDIT Wiley Research Sims Issue

  • Creator
    Topic
  • #179243
    Thomas_
    Member

    Is anyone experiencing issues with AUD research SIMs in the Wiley Online test bank?

    Either I have no clue what I’m doing, or there is a problem with the software.

    I had no issues with FAR or REG on this.

    For example: “Research the professional standards for significant findings or issues from na audit that should be communicated by the auditor to those charged with governance. You need only present those requirements themselves, and not the application or other explanatory material.”

    The answer I found in the Wiley AL AU 380.34

    Significant Findings From the Audit .34 The auditor should communicate with those charged with governance the following matters:

    The auditor’s views about qualitative aspects of the entity’s significant accounting practices, including accounting policies, accounting estimates, and financial statement disclosures (see paragraphs .37 and .38).

    Significant difficulties, if any, encountered during the audit (see paragraph .39).

    Uncorrected misstatements, other than those the auditor believes are trivial, if any (see paragraphs .40 and .41).

    Disagreements with management, if any, (see paragraph .42).

    Other findings or issues, if any, arising from the audit that are, in the auditor’s professional judgment, significant and relevant to those charged with governance regarding their oversight of the financial reporting process.

    HOWEVER, the correct answer per Wiley is AU 260.12-14 WHICH is NOT even available to search in the AL.. What the heck???

    This is just one example, but there are several.

    Any assistance would be greatly appreciated!

    -Thomas

    FAR - 85 (4/12/13)
    REG - 85 (7/18/2013)
    AUD - 89 (10/7/2013)
    BEC - 84 (11/27/2013)
    Done!!!!!!

    DO your best, and Forget the rest. - Tony Horton

Viewing 8 replies - 1 through 8 (of 8 total)
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    Replies
  • #435049
    Spur
    Member

    @Thomas,

    I made a similar post, because I'm having the same freakin issue with this. I think there has to be something wrong!

    I did at least three of the research SIMS, they all had two answer choices and I was not able to find them anywhere in the AL under the research tab. In fact for all three I found the exact answer (at least I'm pretty sure) and it still was not even close.

    FAR - Bad Fail '11, Fail '12, Fail '13, PASS It's a miracle!
    AUD - Fail, PASS!!!!!!!!!!!!!!!!!!!!!!!
    BEC - PASS!!!!!!!!
    REG - PASS!!!!!!!! And I'm done!

    #435050
    Thomas_
    Member

    @spur

    That is the exact same issue I'n dealing with. Thank you for confirming the reason behind my madness!

    Hopefully they are able to fix them sooner than later.

    Wiley claims that Clarity update sims are on the way so maybe that will update the research sims as well.

    The following link may assist all those preparing for AUD in the meantime: https://www.wileycpa.com/cpatestbank-com/support/

    FAR - 85 (4/12/13)
    REG - 85 (7/18/2013)
    AUD - 89 (10/7/2013)
    BEC - 84 (11/27/2013)
    Done!!!!!!

    DO your best, and Forget the rest. - Tony Horton

    #435051
    Anonymous
    Inactive

    You can do the sims another way research the AICPA database and compare your result to Wiley 2013 Audit book.

    #435052
    Thomas_
    Member

    Excellent idea, it's just requires a little more time to do that but it will be well worth it to at least get confirmation that I'm solving them correctly!

    FAR - 85 (4/12/13)
    REG - 85 (7/18/2013)
    AUD - 89 (10/7/2013)
    BEC - 84 (11/27/2013)
    Done!!!!!!

    DO your best, and Forget the rest. - Tony Horton

    #435053
    saucesah
    Member

    Yes! I've submitted a issue with Wiley and they have passed the issue along to upper management. I believe the answers to the research questions are updated for the clarity standards, however, the literature tab isn't… I've been using Checkpoint which is nice to research the sims. Hopefully it won't throw me off for my exam on Monday.

    One thing to note, as I just figured it out, is to carefully read the research question to see if they want the paragraph or paragraphS… i.e. AU 300 14 vs AU 300 A21-24.

    …tricky people!!

    Today, I became a cool kid.

    AUD - Passed
    REG - Passed
    BEC - Passed
    FAR - Passed

    #435054
    Anonymous
    Inactive

    I have the same issues. Wiley indicate answer is AU 680 or something and I don't see a AU 680 out there. Instead I find the answer in AU 320 or something. Its screwy.

    #435055
    yamar
    Member

    I'm not the only one. Very frustrating.

    FAR: 65,49,61,74,78
    AUD: 65,68,64,78
    REG: 56,77
    BEC: 75

    #435056
    mtaylo24
    Participant

    I finally got to the research section (my test is at 1 today), and I noticed the exact same thing!!!! What is going on lol?

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

Viewing 8 replies - 1 through 8 (of 8 total)
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