February 23, 2017 at 2:06 am #1495840OmarParticipant
Passed AUD with 91!
Congrats to all of you guysFebruary 23, 2017 at 2:39 am #1495852AnonymousInactiveFebruary 23, 2017 at 7:08 am #1495935AScott89Participant
Passed AUD after my third attempt with an 84! So glad to be halfway done with this beast of an exam.February 23, 2017 at 7:58 am #1495974AnonymousInactive
@AScott89, Congrats on your 84! can I ask you how you did it?
I took AUD the first time and got a 74, now I get a 67….Its taking everything in me to not give up. I'm not sure if it is my review materials or the way I'm studying and retaining stuff. (currently using Roger and use Wiley and Becker material as supplements in addition to ninja MCQ) I went over the entire course after I failed the first time, I put in the time and effort but instead of improving I got way worse.
Perhaps it's my study method. I watch the lectures, follow along in my book, highlight, then read the chapters after and rewrite the notes. What am I doing wrong? I need some serious help and advice.February 23, 2017 at 8:48 am #1496040LCrosParticipant
In one of the replies someone said that for Auditing you have to think of yourself as a detective looking for clues; what is the logical way to verify balances and transactions. Also, with Roger he will say notice the difference in this report…. It wasn't until I thought more like a detective that I really started to pay more attention to the similarities and the differences.
Use this for the various cycles and reports and I think you will pass. You passed FAR so I know you can do it!February 23, 2017 at 8:51 am #1496052CPAIN2K17Participant
Got a 97! First test down, 3 to go!February 23, 2017 at 9:05 am #1496086LCrosParticipant
Congrats on passing. I passed as well and your posts really helped!!!! Thank you!!!February 23, 2017 at 10:23 am #1496248passthisthingParticipant
Well, that's a wrap. Passed AUD and done with the exam. I failed the first time and was in complete shock since I did well with NINJA MCQ. What changed? Not too much, just took a nose into the material. Focused on nailing every area of AUD. I did practice a few SIMS here and there, but nothing extensive. I suck at taking exams, but this time I made it a point to slow down and read carefully. I was cutting it close with the time, but I guess it paid off.February 23, 2017 at 7:57 pm #1496923AndrewEParticipant
Passed AUD with a 75, talk about cutting it close. I pray that REG does not pull on those same heart strings and anxiety but it most likely will.
BEC – 77 (11/4/16)
AUD – 70 (12/4/16), 75 (2/23/15)
REG – 3/9/17
FAR – Q2 5/2017February 23, 2017 at 11:12 pm #1497057CPA788Participant
My last chance at passing one of these exams on the first try and I did it. I had no idea going into it AUD would click for me but thankful it did. 4th attempt at my bff REG on Monday. Congrats everyone! Praise the lawd!February 24, 2017 at 12:23 am #1497121FloreatParticipant
Congratulations everyone! I passed too, and it feels really good. I felt optimistic while studying and also after I hit the “submit” button. Completely different experience than FAR. It's funny, but AUD seemed more intuitive than FAR (well, with the exception of those crazy SIMS). Did it seem that way to anyone else?
I'm working on REG now. Best wishes to those who have more exams coming up. And for those of you who are finished – cheers to you!
FAR: 80 (10/28/2016)
AUD: 85 (2/6/2017)
REG: DSIT (Dragon Slayer in Training) (5/2017)
BEC: DSIW (Dragon Slayer in Waiting) (7/2017)March 6, 2017 at 12:57 pm #1505809AnonymousInactive
To all of you guys that passed AUD, do you have any tips on how to approach this monster? This is my last exam and if I do not pass, I will lose my FAR credit. Please let me know what prep courses or techniques you used.
Much appreciate your time!
CPAShoes08March 8, 2017 at 3:47 pm #1508679gicenter27Participant
I have been using Wiley CPAExcel as a my main material, but then I supplement with the Wiley Test Bank. Every chance I get I try to sit down and just take 10 question quizzes. By the time the exam comes around I try to have at least attempted every MCQ once (there are over 1,000 Qs). It has really helped me with the two exams I have taken so far.
BEC – 83
AUD – 95
REG – 03/10/17
FAR – TBDMarch 8, 2017 at 4:17 pm #1508703WannafreeParticipant
Much less pass news on 8th March score day.What happened ? Seems AUD was horrible this time.March 8, 2017 at 4:37 pm #1508724AnonymousInactiveMarch 9, 2017 at 12:30 am #1509229tmjcpaParticipant
I took the exam in early January only 5 days after I took FAR (and failed) and only had a few days to study so I really had to be effective. My best advice is to get a firm understanding of the main financial statement accounts and the risks and relevant assertions around each. I use Becker but did not watch any of the lectures. Instead, I read through the book and hammered the MCQs.
Rather than taking a memorization approach, I would take a step back and think “What would the Company do to make themselves look better to investors?” If you're looking at inventory, they'd clearly want to overstate inventory as this would increase their assets. Thus, you'd want to ensure the inventory is recorded accurately and actually exists like the Company says it does. Then, think about the procedures you'd perform to verify that inventory is accurate (observe it/count it) and exists (observe it/count it). Conversely, you'd worry a company is understanding expenses, as this would increase sales, etc.
For the audit opinions, you should familiarize yourself with each individual paragraph. I couldn't tell you how many questions and sims I had around different audit opinions and reports. Those I definitely relied on menmonics.
Good luck and please let me know if I can help more!March 9, 2017 at 9:27 am #1509393gicenter27Participant
For both BEC and AUD I took 3 practice exams each before I took the actual exam, It seems like I score slightly higher on the actual exam than I do on the practice ones.March 9, 2017 at 9:35 am #1509402AnonymousInactive
@gicenter27 Thank you much!March 9, 2017 at 11:45 am #1509541AnonymousInactive
Thank you so much for such a great reply! I am also avoiding the video lectures and jumping right into reading the book and doing MCQ's. I feel like the video lectures are time consuming.
In AUD there are questions that I can totally relate due to my readings. But there are others like what would the auditor do or how would the bookkeeper conceal that… It is so weird to me. I am in audit evidence right now and in some questions I feel lost. But going back to your reply, it makes sense to relate the assertions to what it is being presented in the question.
How about the SIMS, did you go over them?
CPAShoes08March 10, 2017 at 1:51 am #1510318tmjcpaParticipant
Of course! AUD is the area I really understand, so I enjoy helping out!
If a certain area confuses you, flag it, skip it, and move on. My guess would be that later, once you have a better grasp on the risks and purpose of procedures, you'd be able to go back and understand it.
I honestly don't even remember doing many of the SIMs. I would familiarize yourself with the authoritative literature for the research question first. For the rest, I would focus on knowing the different opinions (down to the sentences and order of them) and the assertions (**** super important). I'd click through a few and practice a couple whenever you need a break from learning new material.
Currently cramming for REG tomorrow so if you have any other questions, I'll have to respond after! 🙂March 10, 2017 at 1:00 pm #1510629NeedsA75Participant
Here are my final NINJA numbers. I took AUD yesterday and feel OK about it. Hope to be done!
Number of Questions Attempted: 2029
Questions not seen: 176
Avg Score: 76%
Trend Score: 88.33%
Total time: 58 hoursMarch 13, 2017 at 9:43 am #1512283AnonymousInactive
I followed your instructions and moved on to Audit Sampling. I can now see my weak areas from the previous chapter. I just have to keep pushing until this is done! I have not practice the research questions at all. But, I will start on them. I have no previous experience in AUD other than when the auditors come to the company I work for. I have been able to make a connection between what they do and the processes in the book which has been incredibly helpful in answering MCQ's.
I wish you the best of luck with REG! Thank you so much for the help!!
CPAShoes08March 18, 2017 at 10:47 pm #1515442WincciParticipant
@NeedsA75 what material did you use for Aud? I am struggling with outdated material!!March 19, 2017 at 5:21 pm #1515607SiXiamParticipantMarch 20, 2017 at 11:33 am #1515919NeedsA75ParticipantMarch 20, 2017 at 10:56 pm #1516519jeffKeymaster
Bump for score release 🙂March 20, 2017 at 11:29 pm #1516558C / XParticipant
Needa75: good idea to list that.
The MCQ don't bother me, it's the SIMS that I think I did well enough on but I didn't bother practicing any SIMS since I heard they wouldn't be very IDK.. “Audity” – I have no idea I've never done an Audit anyway (but I've been on the other side)
Ninja Plus/Book/MCQ (2nd time around)
Questions not seen: 189 (from sections 4 and mainly 5)
weakest on Aud Evidence (3)
Average score: 75%
Avg trending : 78.50%March 21, 2017 at 1:41 am #1516939AlexParticipant
Got a 90 on AUD! I thought I bombed this one.March 21, 2017 at 1:47 am #1516966Dwill2ndParticipant
Got 98 on Audit.
Study time 8 days and approximately 80 hours. Mostly weekends, late nights, and worked from home/studied a couple other days.March 21, 2017 at 1:55 am #1517013
- You must be logged in to reply to this topic.