AUD tomorrow! last minute memory aids/mnemonics/notes and other tips?

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  • #1371828
    jpanda
    Participant

    These are the ones I’ve been using so far for the MCQ, any other favorites or other test tips? It’s a mixture of Roger and Ninja.

    Standards – TIP PIE CDOG

    Communicating with predecessor – RID-C

    IR x CR x DR (only one auditor can control) = AR
    IR x CR = RMM
    More sub test = less detection risk, less audit risk

    Fraud triangle = RIO

    Compilation – no assurance, no inquiry/analytics, independent not req but state
    Review = limited assurance, inquiry/analytics req, independence req
    Internal control inverse relationship with sub testing

    Components of Internal control – CRIME

    Segregation of duties = ARCC

    Internal control testing = IRON

    Tracing = Completeness
    Vouching = Existence

    Sub procedures = TRACE

    Analytical procedures required when planning

    Current ratio = ca/cl
    Quick ratio = liquid/cl

    Management assertions = U PERCV (or CPA-CO, RACE, RACU or PERCV OCCCA OCCA)

    Audit reports = TIMAA (and the related, TIMAA EMO, TIMA Bad Attitude)

    Forecast = normal, general or limited
    Projection = hypothetical, limited

    Immaterial = unmodified.
    Going concern = unmodified and EMO
    Material = modified
    Very material = adverse
    Scope limit = disclaimer

    Attribute sampling = error rate, for IC testing
    Variables sampling = $ amount, for sub testing

    GAS audit = include report on IC and compliance w/ laws/reg

    Anything else to add? Thanks!

    AUD - 77
    BEC - 80
    FAR - 77
    REG - 75
    BEC - Passed Sept 2016
    FAR - Retake passed Oct 2016
    AUD - Retake passed November 2017
    REG - Passed Feb 2017
Viewing 4 replies - 1 through 4 (of 4 total)
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  • #1372083
    Texasmom
    Participant

    Best of luck tomorrow!!! My turn is on Thursday. Here's to a 75+!!! Nerves are through the roof..

    AUD - 81
    BEC - 83
    FAR - 84
    REG - 88
    For God so loved the world that he gave his one and only Son that whoever believes in him shall not perish but have everlasting life.
    John 3:16

    FAR - 84
    REG - 72, 73
    AUD-
    BEC - Sept 2016

    #1372092
    mperez102204
    Participant

    Hey fellow AUD test taker… Take a look at this post and see if there is anything that you may need. I found this a few weeks ago. I have been looking at it throughout my last few days… EKKK I take my test on Friday. I am very very nervous! Best of luck to the both of you! Hope to see 75s!!!

    Open if you're studying for audit!

    I honestly hate the number 67..... officially the worst number ever. Ugh, but 73 feels so much worse.

     

    AUD -  67 ; 73 - retake August.

    BEC - 69

    FAR - 63, 67, Retake TBD

    REG -  eventually 🙂

    #1372095
    RE2PECT
    Participant

    Honestly, at this point I wouldn't be trying to learn anything new. Just trust that you've prepared yourself well enough to get you that 75! Try to take it easy and get a good nights sleep.

    "Luck is what happens when preparation meets opportunity."

    Roger & Ninja

    FAR: 75
    AUD: 73, 81
    BEC: 71, 73, 82
    REG: 68, 82

    FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
    AUD: 73, 81
    BEC: 71, retake 8/29
    REG:

    #1375002
    jpanda
    Participant

    I took it on Wed and I felt that most of the MCQ didn't seem too bad, and most of the TBS was ok but there were some instances in the TBS where you pick the correct sentence for a letter, it felt like there's more than one choice that sounded like it could work so hopefully I picked the right ones, we'll see.

    AUD - 77
    BEC - 80
    FAR - 77
    REG - 75
    BEC - Passed Sept 2016
    FAR - Retake passed Oct 2016
    AUD - Retake passed November 2017
    REG - Passed Feb 2017
Viewing 4 replies - 1 through 4 (of 4 total)
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