Auditing Exam Looming on the Horizon

09 Nov 2010

Club 75 Candidate Bloggers

By Jay-O

Jay is a weekly columnist as a Club 75 Blogger, where he documents his journey through the CPA Exam. He has been a member of Club 75 since April 2010.

Week 8:

Hello All. Let’s get right to the progress. I had a bit of a weird schedule this week, because I’m trying to jam as much studying in as possible.

On Saturday, I hit the library from noon to 5pm, came home for dinner and some time with the family and then went back to the library from 8pm-11pm, so a total of 8 hours. Sunday was Halloween, so I hit the library early and logged 4.5 hours in the morning, went to church with the family at 1pm and then trick or treating with my girls in the early afternoon. I did some reading in the late evening too, but don’t think it was long enough or quality enough to log.

Then on Monday, I left work a little early and ended up logging 4 hours in the library. Tuesday was jam packed. Up early to vote before work, then cocktails and hors d’oeuvres after work with a group of colleagues that are in town for our quarterly manager’s conference this week (not an optional event). And last but certainly not least, home to my wife for a little anniversary celebration. Got home by 9:00pm, we didn’t do anything too special, just spent some quiet time together. Tell me that’s not a supportive spouse? I’ve made reservations the weekend after I take the Audit exam to take her to dinner at the place where we got engaged. Ladies, does that score me any points??? I hope so. Anyway, all that amounts to no studying on Tuesday.

I logged 3 hours in the library on Wednesday and then 8 hours in the library on Thursday (I took the day off from work, as it’s getting close and I’m getting nervous).
My progress this week has been reviewing chapters 1-3 in Becker CPA Review, redoing homework and supplemental questions. Internal Control is a little confusing, but luckily Tim Gearty says it’s only 12-18%. I’m planning to re-write the Unqualified Opinion, compilation and review letters tomorrow, so I can begin memorizing them word for word, as so many bloggers have suggested. I haven’t been able to study during lunch as I planned, but maybe I’ll be able to re-write these letters while I’m at work tomorrow.

I’m going to do 3-4 hours every day during the upcoming week, so will be trying to skip out of work a little early this week, whenever possible. Wish me luck and please post any last minute advice you may have for me. Thanks.


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El 13 years ago

Hey Jay, To memorize the reports, I printed them off and pinned them up on my cubicle walls at work. In the week leading up to the exam I'd take 10-15 minutes, a few times a day to read two or three and quiz myself on how they differed from each other. As for Internal Control, reading didn't seem to help as much, so I did and re-did enough questions to the point that I could visualize a widget manufacturer that employed dishonest workers. Being able to visualize the processes and then apply "segregation of duties" to them was helpful. I scraped by with a 76. Keep putting in quality time and you'll be fine. Good luck to you.