How Important is Sampling?

  • Creator
    Topic
  • #842772
    reallytired
    Participant

    I am pretty much done with the Becker book now and the only thing I really struggled with was the sampling. I don’t know if it was because I was bored while reading it or uninvolved or if my brain just didn’t get it, but I didn’t like the section at all. If I know the basics of it, am I ok to move on from it? Or should I spend more time on it?

    B- Pass
    A- Pass
    R- Pass
    F- Pass

    B 10/29/16
    A 10/1/16
    R 9/2/16
    F 7/26/16

Viewing 14 replies - 1 through 14 (of 14 total)
  • Author
    Replies
  • #842865
    bhunt815
    Participant

    I don't remember sampling being heavily tested, but I'm sure I had a couple MCQ's on it. I didn't have any sampling SIM's for sure, but each test is different. If you show up on test day with a weakness, the CPA God's seem to have way of uncovering it during the test.

    AUD - 79
    BEC - 81
    FAR - 84
    REG - 78
    Becker Self Study supplemented with Ninja MCQ's for BEC and REG.

    Licensed CPA in Louisiana.

    FAR 04/11/2016 - 84
    AUD 05/12/2016 - 79
    BEC 07/06/2016 - 81
    REG 08/29/2016

    #842889
    reallytired
    Participant

    @bhunt815, Isn't that the truth. I have chosen one topic each test not to really focus on for REG and FAR and had a freakin' sim on each topic. You think I would stop skimming edges but here I am trying to skip over sampling haha. I will be sure to put a tad more effort into it, thank you! 🙂

    B- Pass
    A- Pass
    R- Pass
    F- Pass

    B 10/29/16
    A 10/1/16
    R 9/2/16
    F 7/26/16

    #842913
    Joe C.
    Participant

    Don't waste much time.

    WI Candidate
    B 75
    A 62
    R
    F

    BEC 75
    AUD 9/6
    REG TBD
    FAR TBD

    WI Candidate

    #842964
    stacy_scm
    Participant

    Try to at least understand it. I had the same problem as you and it gave me trouble exam day. I ended up failing with a 74.

    #842973
    LoTove
    Participant

    You may benefit from being well rested & having a fresh mind when reading it. I know I struggled hard understanding sampling after a long day of studying and got a better grip of it with a well rested mind.

    Spend a bit more time to try and understand it but don't spin your wheels.

    #842976
    reallytired
    Participant

    @ Joe, Stacy, and LoTove Ok I will be sure to read through it once more just to really make the basics a bit more concrete. I have been not taking notes because the material has been somewhat doable, but I will take some notes for this part as it usually keeps me concentrated. Thank you guys! 🙂

    B- Pass
    A- Pass
    R- Pass
    F- Pass

    B 10/29/16
    A 10/1/16
    R 9/2/16
    F 7/26/16

    #843126
    SkiBum1990
    Participant

    knowing the impacts certain things have on sample size and the general purpose of the different sampling methods is important. Going into the nitty gritty details, probably not so much.

    B - 79
    A - 68, 70 (UGH)
    R - Oct
    F - Nov

    "The mind can only absorb as much as the seat can take"

    "The mind can only absorb as much as the seat can take"

    B - 79
    A - 68, __ (got bumped from Aug 4 release to Aug 23-THANKS AICPA)
    R - Oct
    F - Nov (HA! 1 month to study working full-time; love NTS rules)

    #843147
    xkc5
    Participant

    Definitely not worth much time. Got tested on it but if you know the risk elements well you will nail it without having to know any details

    FAR - 84! (1/09)
    AUD - 82! (4/09)
    BEC - 91! (5/23)
    REG - TBD (9/03)

    Controller at Volkswagen
    2:52 marathoner at Boston in 2016!

    #843159
    mckan514w
    Participant

    Oddly enough the AL on sampling made it click for me better than my study material- so you might want to give it a read–

    It definitely rears its head on exam day!

    https://www.aicpa.org/Research/Standards/AuditAttest/DownloadableDocuments/AU-C-00530.pdf

    And they ask me why I drink

    BEC 71, 82
    AUD 75
    REG 75
    FAR 61, 69, 83

    and they ask me why I drink...

    FAR- 61-next time I'll ask for lube instead of a calculator
    REG-75- Never been so happy to see such a low grade
    BEC- 8/11
    AUD- 9/2

    #843840
    Son
    Participant

    I had a SIM on sampling, very detailed too. So I'd personally give it a thorough read.

    AUD - passed
    REG - passed
    BEC - passed
    FAR - passed

    #843906
    RE2PECT
    Participant

    I'd only focus on knowing the basic concepts like incorrect acceptance/rejection risk, difference between variable and attribute sampling, etc. I can only speak from my exams, but I took AUD twice and never had a sampling question.

    "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:

    #844089
    nolan7120
    Participant

    Strongly second what bhunt815 said

    AUD - 79
    BEC - 76
    FAR - 81
    REG - 84
    Finished!

    FAR (6/9/16) - 81

    #844242
    Pete E. Rino
    Participant

    Let's just say if I had skipped Sampling by mistake, my grade wouldn't have been that different. But each person gets a different exam so who knows. The most it will be is a few points according to the guidelines.

    #844254
    njvath
    Participant

    I've taken AUD twice and agree with @bhunt815, dont spend too much time on it… People seem to say (and Becker even mentions) that transaction cycles are frequently tested so I'd spend some time in that area. Also, from my exam experience, I highly suggest spending a bit of time in Govt/NFP audit chapters and dont forget about the ratios/calculations in the appendix from one of the earlier Becker chapters 🙂

    Good Luck!

    Becker

    FAR - 76
    AUD - 74, 74
    BEC - 83
    REG - TBD

Viewing 14 replies - 1 through 14 (of 14 total)
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