Tips to Master AUD

Viewing 4 posts - 1 through 4 (of 4 total)
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  • #2986079 Reply
    moscheck
    Participant

    Auditing was always more difficult to grasp (I'm a tax guy). Just passed FAR recently and want to move on to AUD before tackling BEC and REG again which I have to pass again. AUD was the reason I lost my two other scores. Any tips to master AUD? Sometimes all answers are correct and I choose the right one but not the best one…. Also I am pretty solid on the ethics, professional responsibilities and general principles section. My weakest sections include: the reporting section specifically the random attestation stuff, sampling and transaction cycles

    Any help would be great I'm about 40 days away from my exam

    #2986103 Reply
    monikerncmonikernc
    Participant

    Everything is in the standards for Audit. Print this page and read it. If you are using Ninja MCQs go through in order and refer to the standards as you go through the questions.

    https://www.aicpa.org/research/standards/auditattest/clarifiedsas.html

    Know what standards exist and read through a few at least to know how they are written and organized. This will be extremely helpful with the research question and sims, too.

    For reviews and compilations know their standards too. https://www.aicpa.org/research/standards.html

    Know PCAOB-5 for public companies.

    Audit is not about memorizing it is about understanding a very step-wise process that requires certain activities based on where you are in the process.

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
    #2986112 Reply
    CPAHOPECPAHOPE
    Participant

    @Monikernc

    Do you have the link to PCAOB-5 Standards? Thnx

    AUD - 39
    BEC - 76
    FAR - 56
    REG - 79
    FAR 57,61,57,56 (F*)

    REG 54,49,69,66, 79

    AUD 39(lol)

    BEC 64,60,50(lol),70,67,71,76

    "Theres no limit unless you allow it"

    "Why not?"

    "I dont believe in limits"

    #2986238 Reply
    monikerncmonikernc
    Participant

    all you have to do is google PCAOB 5

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
    Licensed State of Montana April Fool’s Day 2020
    State of Colorado June 2020 - AICPA Ethics 93
    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
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