74 to 81 AUD

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  • September 20, 2017 at 11:42 am #1634920
    ThomasHallberg
    Participant

    Hey guys- just wanted to share my first experience with a retake (74 of audit). Both exams were similar regarding MCQ’s. However, the first time I took audit the sims were brutal. The Audit exam I took on 9/8/17 was actually really fair. The sims were not super long, I had a lot of drop downs, and two research questions. I used Becker and studied 3 weeks, just redoing the MCQ’s and reviewing a few sims. While I study for each exam, I make 1 page notes per chapter. Becker has 6 audit chapters so I had 6 pages of high level notes on things I thought were important. This was extremely helpful for my review because I re-read my notes a few times and I was back in shape to do MCQ’s. For all those people who have to retake, keep your head up and get back into the material, you may get a test that is much more fair. I focused more during my review on evidence gathering and procedures regarding each assertion. I think it is safe to say the sims on audit tend to test these “higher order skills”. On to FAR retake!!!

    AUD - 81
    BEC - 77
    FAR - 76
    REG - 75
    How does Santa's accountant value his sleigh? Net Present Value

    Good luck favors the prepared

    KPMG Audit

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  • September 20, 2017 at 11:52 am #1634944
    shawn in VA
    Participant

    Thomas-

    Thanks for sharing your story. I just found out yesterday I got a 74 on AUD. But I got 81 on BEC so I am semi happy I got one pass.

    I took AUD back in dec 2016 and got 69. So I did go up 5 points but still failed with a 74. I only put in 50 hours for my retake and studied 50 hours for my 1st exam where I got 69 so I have not put much time in yet got decent scores.

    I agree the test in Q3 was fair with the SIMS being manageable. But I am just praying I don't get nightmare sims in Q4. MCQs have usually been ok both times I took but one area was tested very heavily which I studied my butt off in that area and it paid off.

    Congrats on your pass. Hopefully things will work out for me on DEC 19.

    AUD - 84
    BEC - 81
    FAR - NINJA in Training
    REG - 75
    AUD - 84

    BEC-  81

    REG-75

    FAR- TBD

    September 20, 2017 at 1:49 pm #1635163
    Phi
    Participant

    Hey Thomas thanks for sharing! I'm actually struggling with the same evidence gathering and procedures topics and I've been having a rough time finding a good review of those. I have becker and wiley and I guess they are too broad for me to understand on a higher level or I just don't get it period. Could you give me some advice on how to figure those out? I failed audit in Q2 with a 71 and Q3 I got a 74, I'm really losing my mind.

    AUD - 74
    BEC - 77
    FAR - 66
    REG - 74
    Trying to get through it.
    September 20, 2017 at 2:49 pm #1635265
    Madhav
    Participant

    Wonderful to hear that, Congratulations. May i ask you how do you practice for Sims? I am having hard time studying for sims and last time around, my Aud sims were tough. How do you tackle this issue? Also i have little harder understanding the assertions? Give me some advice if you can.

    AUD - 76
    BEC - 75
    FAR - 76
    REG - 77
    FINISHED.    "If I can do it, so can you".- ME.

    LEO MESSI:GOAT

     

    Ethics: WA: 93, AICPA: 93

    September 20, 2017 at 6:14 pm #1635437
    runegoblet3xx
    Participant

    I'm taking AUD for the first time on Oct. 6th.

    I have the same question as Madhav above on SIMs.

    In general, audit just seems to be much harder for me to grasp. I work in tax day-to-day so I have no experience with it whatsoever. And just in general some of the wording and terminology seems very familiar to me.

    AUD - 78
    BEC - 83
    FAR - 79
    REG - 89
    "Success is not final, failure is not fatal: it is the courage to continue that counts."
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