AUD EXAM experience – 2017 Q1
February 8, 2017 at 10:47 pm #1474602
Thanks, Shawn. Everyone is different in terms of how much time they need to feel comfortable with the material. The time I put in was what I needed to pass. I hope your test goes well for you.
That's awesome Forem004! It's great to to hear stories where people feel they did well and find out they were right. Congratulations to you!
FAR: 80 (10/28/2016)
AUD: DSD (Dragon Slayer Deployed) (2/6/2017)
REG: DSIT (Dragon Slayer in Training) (5/2017)
BEC: DSIW (Dragon Slayer in Waiting) (7/2017)February 16, 2017 at 1:48 pm #1479381
I took AUD this morning. I have no idea what to think! I feel like I should pass, but you never know with this thing.
Becker Practice Exam – 73 (rumor has it that I should score 83 on the actual exam).
I flipped a coin before the exam and it landed on heads, meaning that I will pass. (Hoping that's relevant)
I got a MCQ twice! Once in testlet 2 and once in testlet 3. Is this the kiss of death? I looked it up afterwards and I got it right both times.
I can't tell if an audit question is considered easy or difficult, but I think MCQ testlets went medium-hard-hard.
Sims were not unreasonable, but 2 Sims made me real glad I have accounting and auditing experience. Otherwise, I don't know how anyone could have studied for them?
I got only 1 research question (which I nailed), which means one of the Sims will probably not be graded.
I'm going to try and bury myself in studying for FAR so I avoid thinking about it. You never know for sure until the score is released, which won't be until March 8!February 16, 2017 at 2:10 pm #1479396
@chynablue I am wondering how you decide hard or medium ? In BEC or REG I could understand as lot of calculations type problems were there but in Audit I couldn't hence asking this question.You mentioned your Audit and Accounting knowledge helped SIM.Many people said on this forum that FAR helped or needed.Can you give some idea which chapters or FAR should I focus for AUD ? Currently I am focusing AJE,Accounting Ratios and FS framework.February 16, 2017 at 2:40 pm #1479418
Me too! I can't tell if an audit question is easy or hard. My guess is that they look at historical data to determine which questions people miss the most. I don't know.
FAR helps you to understand what some audit questions are talking about. Like auditing adjustments. If you don't know journal entries, then you won't know the audit adjusting entries. There were several questions where I pictured the financial statements in my head in order to understand the audit question. It's important to know what disclosure notes are needed to the financial statements. Sometimes they ask you to interpret analytical procedures, which requires understanding of how balance sheet and income statement accounts relate to each other like inventory and cost of goods sold or payroll accruals and payroll expense. Its important when thinking about risk to understand how an account would affect net income if it were misstated. People don't generally try to overstate expenses because it decreases net income and makes it look like a business is not doing well. Expenses are much more likely to be understated. One way to understate expenses is to understate an accrual account, or understate allowance for bad debts because the other side of the journal entry is an expense account.
Sorry if I'm rambling. It just remember thinking, if I didn't know accounting, I wouldn't get this question right. Of, if I didn't use tickmarks and audit documents at work, then this question would have blown my mind.February 16, 2017 at 2:43 pm #1479420
ChynablueFebruary 17, 2017 at 12:09 am #1479847
Your method of tackling FAR is what I'm going to need. I've been out of school for a while, don't have much acct experience under my belt and had crappy acct professors in college. So I didn't learn much the first time around.
I took AUD today and my experience was very similar to yours. I wonder if we got similar SIMS cause I felt like I got destroyed on mine. If I knew that I should brush up on basic accounts (that I thought I had done… But I guess I don't?) I would have done much better. The DR question I had was probably easy for someone with audit experience. But I was so confused. And two other questions on my sims were directly related to just knowing basic accounting. Which I guess I don't have a strong grasp on
But you never know what you're going to get on those SIMS. I heard of people getting 3/7SIMS on the formats of AUD reports… Which they were able to look up with the AL. I was keeping my fingers crossed for those but nope
Hope we all passed. I really don't want to retake (not that anyone does)February 17, 2017 at 11:42 am #1480200
I was so ready for audit report formats! But I strangely only had a few questions on it. Very different from the first time I took the exam.
Good luck to us all!February 17, 2017 at 12:45 pm #1480270
I'm having heart palpitations from reading this thread….Or maybe its all the caffeine? Anyways, I'm praying for no DRS on my AUD exam…February 18, 2017 at 9:43 am #1492008
Took Audit on 2/14. I moved it up 3 days to try and squeeze it in to get my score on Feb 23. After taking it I can honestly say that for the questions I didn't know, 3 days of studying would not have helped. I didn't think the mcqs were inherently difficult, and while the SIMS were difficult, they weren't as bad as what I saw on FAR or REG. The only thing that scares me is that at no point (other than 1 sim) did I feel helpless-with BEC I thought there was no way I passed and rocked my highest score haha. So excited for this score release though-really hoping for this pass to be finished with this marathon of an examFebruary 20, 2017 at 3:06 pm #1493398
Took AUD January 31. Awful. First testlet was okay, sort of. Second and third were both nightmares. Had the same question in both testlets and got them both WRONG. SIMS were something I would expect on FAR plus DRS. Research was even difficult, spent 20 minutes searching for the answer I'm not even sure was correct.
I have never felt so bad leaving the testing center and still feel that way when I think about it.
I've passed it before but it expired before finally passing FAR. Put more effort into this exam than any other previously.
REG and BEC will expire and April and May.
I hate the CPA exam.March 8, 2017 at 9:28 pm #1509048
I took Audit today for the second time. If I had to honestly describe my exam experience, I will violate every single rule in the Code of Conduct and Jeff will ban me permanently from this site. To make story short, my exam crashed….on the last simulation. After waiting 3 hours, Prometric said I had to reschedule and retake my entire exam. Problem is, window closes in 2 days and it takes them 48 hours to reinstate my Section ID…March 8, 2017 at 10:10 pm #1509099
omg @taxonomics that is absolutely the worst thing I have ever heard. I would have probably killed someone if I were you haha. That is garbage, but they have to expedite your section ID or something. That is way beyond your control.March 10, 2017 at 11:21 am #1510507
Took AUD yesterday. MC was reasonable…I think I did get a more difficult testlet as some of the questions became extremely tricky and borderline subjective with the answer choices.
SIMS weren't too terrible. I did get a DRS and I almost lost my sh*t but I kept it together, found the research question, got another SIM 100% correct, and think I got A LOT of partial credit on the remaining sims. This is my last exam and my gut feeling was that I did enough to pass so I'm cautiously optimistic.
Anyone else have a similar experience where AUD wasn't terrible and you passed? I'm nervous because I think this section has the highest fail rate historically..March 10, 2017 at 11:35 am #1510531
I also took AUD yesterday and I thought the MC were really hard. They were super specific and not really topics that I studied with Roger. I just hope my guessing skills and luck really help me pass.
The thought the Sims were super fair and pretty easy. There was a question that asked the effects of control risk and detection risk for various situations and one that also asked about auditor work papers and what the proper comment would be. My favorite one was about whether this CPA has independence with various ownership in its audit client (either indirect, direct, material, or immaterial) to the ethics code.
I wish I passed.March 10, 2017 at 11:42 am #1510540
I would delete that post. Can't disclose specific topics/questions that were on your exam.March 10, 2017 at 11:57 am #1510549
Yea that's pretty damn specific LOL. I'll just say my sims were much different than that
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