Quick Audit Tips

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    Topic
  • #186713
    Anonymous
    Inactive

    I am taking the Audit Exam in a couple of hours. EEEKK

    Anyone have any last minute study tips?

    BEC: 73, 82 (lost credit), 85

    AUD: 85 (lost credit), 74 – retaking TODAY!

    FAR: 73, 74, 80 (lost credit), 85

    REG: 65, 55, 73, 85

    MAN THIS HAS BEEN A STRUGGLE!

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  • #578928
    Anonymous
    Inactive

    It has helped me recently to skim all the charts and graphs in my review book, and then have someone read me flashcards right before.

    We look like we are roughly parallel in our journey. I said a little prayer for you. GOOD LUCK!

    #578929
    Anonymous
    Inactive

    Search the AL for EVERY SIM!!!

    #578930
    Anonymous
    Inactive

    Thanks for the tips and the prayers! Heading out now!!! Ready or not, here I go!

    #578931
    LongShot
    Participant

    Always start with the account you think is OVERstated!

    FAR - 75
    AUD - 72; 87
    REG - 64; 74; 84
    BEC - 88

    Done!!

    #578932
    005
    Participant

    thanks, and Keep 'em coming please!!

    I'm a little less than halfway through my materials and I feel like this is harder than REG & BEC just due to the multitude of information =/

    BEC - ✔
    REG - ✔
    AUD - ✔
    FAR - 11/29/14

    CPAExcel, Ninja MCQs, and a sh*t ton of coffee

    #578933
    JamesBJames
    Participant

    Get the audit framework down. For Becker, this means drill the crap out of A1-A4.

    Understanding some of the auxiliary stuff (sampling, GAGAS, e.g.) is nice, sure, but if you don't know about when to use compilations vs. reviews vs. audits, the relationships between testing internal controls and performing substantive tests, the different opinions and when they're issued, and some of the more prevalent transaction cycles, then there are really big gaps in your understanding of an audit.

    Specifically regarding the exam, I'd say use the AL for SIMs (I couldn't really find much personally, but most people say it's a lot of help), and don't rush through the MCQs. Seriously. Four hours is more than enough for AUD, so take your time.

    FAR: May 1st, 2014 - 91
    AUD: May 29th, 2014 - 97!
    BEC: July 16th, 2014 - 91
    REG: August 29th, 2014 - 88

    Licensed December 2015

    Feel free to add me on LinkedIn by clicking my username!

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