[raptors]

I just took audit today & wanted to share my expereince with everyone. I thought the MCQ were reasonable, pretty much similar to any of our review materials. However, I was quite surprised on seeing a fair bit of questions on IAS, I remember from the last time I wrote my exam, I maybe saw one or two, this time around they were quite a few. I know the first MCQ testlet I got was pretty hard compared to the other two, (I might have screwed up on the first testlet!!). The other two, im pretty sure I did well compared to the first one. The sims were reletively difficult from the previous two audit exams I wrote. The SIMS i must say were pretty tough, definetly more tough from the last time I wrote my exam. I got tested on almost every thing possible on the SIMS. I know SIMS break or make you and im sure I got broken to pieces. I might have gotten 3 out 7 right. I doubt I passed the exam this time, feel very low as I might have to open the sucker again and attempt it once more. Till then gonna concentrate on my next exam!! sigh……………..

AUD- 73,68, ????
BEC- 2/28/2012
FAR- 4/15/2012
REG- 5/30/2012

"The areas of your life that you work on work really well"

[Morganf]

Can anyone comment on how IAS would really effect AUD? I can't think of anything which worries me.

I remember there was a lot of IAS in REG and some in FAR. All that comes to mind for IAS to me is depreciation differences, bad debt / receivables differences, and i forget how it affects inventory but there's something in there about not liking either FIFO or LIFO.

Help?

BEC - 88
AUD - 69, 74, 93
FAR - 78
REG - 79

[RedRage00]

I took AUD today and I had only 1 question on IAS.

Texas CPA
Licensed, March 2012

[Author]

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