May 14, 2014 at 3:33 pm #185550Jeff Elliott, CPAKeymasterMay 17, 2014 at 4:11 pm #592138misse121Participant
Who's taking AUD in July? I think I will have my AUD rematch in JulyMay 19, 2014 at 1:27 pm #592139AnonymousInactive
I'm taking AUD in July – will be my first time… Won't be able to start studying until after I take FAR next week.May 19, 2014 at 5:04 pm #592140carpeCPAMember
I'm in for my AUD rematch July 2nd. Let's do this! I'm ready for this test to be over.May 19, 2014 at 11:13 pm #592141
Taking Audit on July 1 for the first time…actually the first of any of the exams ever…Looking forward to getting this first one knocked out Good Luck all! Does anybody know where to find simulation problems for cheap?
AUD – July 1
BEC – Last Week of August
FAR – TBD
REG – TBDMay 23, 2014 at 4:03 pm #592143AnonymousInactive
Just failed AUD, retake on July 3rd. I got a 73. I can't believe it. Just bought the ninja mult. choice and love it. It looks so much more comprehensive then anything on the market right now.May 23, 2014 at 4:04 pm #592144AnonymousInactive
I am Misse121. I want another shot at this right away.May 23, 2014 at 5:22 pm #592145StephAVMember
I'm planning on taking AUD in July! Just took REG and hoping to be ready for AUD on July 1st, but that is probably an overly aggressive plan. I work FT and have 2 young kids. I have started Roger's lectures and I'm taking notes as I go through them. If I end up failing REG (which I unfortunately feel is highly likely) I will probably postpone AUD and give REG another go. Hopefully that isn't the case! In any event, so far AUD is seeming super easy! I worked as an auditor for 3 years and I've been a Senior Accountant for 6. Sounds like there is some overlap with FAR, which after taking for the 3rd time, I feel I have a pretty good grasp on that material. Good luck to all of us!!May 24, 2014 at 3:49 am #592146TNDCPAMember
Hey everyone! It looks like we will are all scheduled for the first week of July! Wishing everyone the best of luck!
Does anyone know when the new changes from AICPA will come into effect? My book came in from CPAExcel a week ago and I have already started studying. However, CPAExcel indicated they will be releasing new book materials in July and there is 15% updates from AICPA for each section. Based on their comments, I assume this shouldn't effect those of us who will be taking the exam at the beginning of July?May 24, 2014 at 4:24 am #592147iddyrashyMember
July 6 and it's my first timeMay 25, 2014 at 11:41 pm #592148JFKGYParticipant
I am planning to take AUD in July too, AND I failed REG couple points short. AUD isn't that bad, I gave myself 2 months, which I though it was too rush. But after studying it for a month, it feels pretty okay. I have another month to do massive MC and stimulation.
I think since you have plenty of audit experience, you should be able to do it in a month? I am not sure if it overlap with FAR, I passed FAR but I feel like they were totally two different subject. Oh, I never had any audit experience (which is probably why).
I am not sure if the book helped at all. I read the whole Wiley book but didn't understand a thing. I just keep practicing MC questions until I get it (hopefully I do).May 26, 2014 at 12:29 am #592149
I'm actually in this study group as I'm not ready for my Aud test and am taking in July 19th. Just from studying, there is overlap between FAR and AUD, especially with journal entries and ratios.
Ninja – 78% average Not main review course, so I've been getting questions on topics I have not reviewed yet.
Wiley – 86% – main review course, so thats probably why score is higher here.
Cpareviewforfree, no average, but i'm getting 85- 95 usually.May 27, 2014 at 3:55 pm #592150lvr21Member
So unlike everyone who has posted.. This is by far the hardest test to me! I am retaking it again.. I'm schedule for the first wave of quarter 3! I want to be finished with this test!!May 27, 2014 at 8:56 pm #592151lvr21Member
What is everyone's study method??May 28, 2014 at 10:39 pm #592152AnonymousInactive
I just took FAR yesterday. Silly me, I went against Jeff's recommendations and studied for more than 300 hours over 12 weeks. When it came time to hit the MCQs two weeks ago, I was amazed at how much I had forgotten again. Even reading my own notes, I was like, “Did I write this?”.
But fortunately, I think (and hope and pray) that I passed since I nailed the MCQs and only had probs with two sims. The MCQ sessions definitely paid off. Looking for themes and patterns in the questions I missed helped iron things out.
My new study strategy will be to lighten up on my notes, read thru the sections more frequently, rewrite Ninja Notes, and hit the MCQs sooner to help me dig deeper on areas of difficulty.
Finally, getting up at 6am every morning has helped with studying, and the productivity of my day in general since I also squeeze in some yoga stretches. And a few weekend days locked away in my office or a library were productive too.
Here I come AUD, you're next on July 14th! Why do others think AUD is so tuff?May 29, 2014 at 4:17 am #592153ricepersonParticipant
After studying Internal control for the better part of two weeks, this is definitely going to be a challenge!May 29, 2014 at 3:24 pm #592154undeniabletwins2Participant
Hi everyone, what a Gwan…..means what's up? I did my FAR test yesterday. It was brutal but hoping for a miracle.
Anyway, no sense crying over spilled milk….started my studying for AUDIT this morning. Did audit x2 in 2012 but to no avail and decided to start from scratch and do it again in JULY 2014. Working towards the last week of July 25-31 for my rematch.May 29, 2014 at 4:00 pm #592155MinSeokYiParticipant
Take a break mate. Enjoy some Vitamin D and relax.
After a few days, attack it head on!May 29, 2014 at 6:29 pm #592156undeniabletwins2Participant
@minSeokYi, thanks for the advise. I don't study full time… I have a full time job and 6 years old twins so I study when I get the time. An hour in the morning, and a hour in the night. Sometimes less depending on my work schedule so I have to start early so I have enough time to sit in July. I may have to resist FAR if I don't pass JUNE 9 When results comes out. It's not my first time sitting for Audit just refreshing my memory.
All the best in your exams. Happy studying!!!May 29, 2014 at 8:14 pm #592157
@ Riceperson Are we in the same study group again lol? Hopefully the journey ends for the both us in July.May 30, 2014 at 4:10 pm #592158UHC2005Member
Hello All, just took FAR yesterday (and got my head handed to me I believe) and I'm looking at taking AUD in August.May 30, 2014 at 5:02 pm #592159TNDCPAMember
@lvr21 Congratz on this being your last test! If you don't mind me asking, what is it about AUD that you find to be most difficult? I've spoken to many and they've indicated FAR as being the hardest, stating if you can pass FAR you can pass them all…But then again we all have our weaknesses…
What's everyone's study methods been? I took the first two exams with my University, and got credit towards my degree but now I'm on my own so hopefully I can still maintain that discipline. I currently listen to all lectures/take notes & read the text and do the MC after each topic. Our university incorporated mini exams grouping topics together on top of the MC questions to really drill in the information. So far I'd say its been quite effective.
Congratz to the rest in here on their last test and good luck to us all!May 30, 2014 at 5:14 pm #592160iddyrashyMember
I am taking July 6, this is my first time.May 30, 2014 at 10:33 pm #592161cpain2015Participant
I am taking July 5. I hope that gives me enough time! Just took FAR today and I will probably have to take again in July.May 30, 2014 at 11:49 pm #592162
I'm through Audit section 2 with Becker and am feeling pretty confident so far. I ran into the following Sim while doing a cumulative review and was wondering if anybody could help out?
For each of the events listed below select a classification from the drop down menu.
The company closed the purchase of a competitor early in year 2, an event that is considered significant.
Classification: Non-recognized subsequent event (footnote disclosure)
Several material transactions Were not recorded in the financial records. These were uncovered during the audit.
Classification: Not a subsequent event
Becker just gives the classification answers with no explanation so any help would be appreciated.
JaredMay 31, 2014 at 3:37 pm #592163
2 types of subsequent events – 1. circumstances that existed as of the balance sheet date
2. circumstances that existed after the balance sheet date.
The purchase of an auditor happened after the balance sheet date, so this requires disclosure.
The transactions existed at the balance sheet date, so this requires adjustment of the financials.
1. if after balance sheet date, requires disclosure if significant.
2. if happened before balance sheet date, financials must be adjusted.May 31, 2014 at 6:28 pm #592164AnonymousInactiveMay 31, 2014 at 6:55 pm #592165
Got it…thanks NYC. It was the “significant” part that threw me off.
JaredJune 2, 2014 at 3:40 am #592166drichter321Participant
My AUD exam is on July 5th no matter if I passed my BEC from May 30th. I will post study plan/dates for my 1 month intense study mode.June 2, 2014 at 5:21 pm #592167staceyjaeMember
Hello – I am planning on sitting for AUD in early July. Just found out I did not pass when sitting in May so instead of moving on, I'm going to go right back to audit since its still fresh. I was able to pass FAR in Aug last year and just took way too long to study the audit piece. Between my full time job, two kids in school, and all their activities, I'm finding it hard to find time to study. Yay for summer break though! I'm feeling motivated to work hard and pass the other 3 parts before I lose my FAR credit.
I'm using Becker to study. Any suggestions on study tactics?
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