Preparing for the AUD….Any Advice!

CPA Exam Forum AUD AUD Review Preparing for the AUD….Any Advice!

This topic contains 11 replies, has 0 voices, and was last updated by  cpa journey 6 years, 3 months ago.

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  • #157822

    Djames776
    Participant

    I am starting to study for the AUD, and I would like to sit for the exam in July. Is that possible? Does anyone have a study timeline to achieve this goal?

    #229084

    Djames,

    That is totally do-able. I began studying for AUD on 4/20 and took the test on 5/28. I am using becker. I did one chapter a week and a final review the last week – this is when i do the sims for all the chapters. I made sure I had memorized the reports (standard, review, and compilation), mneumonics, and a skeletal stucture of the components. The skeletal and the mneumonics helped the best during the exam….but if i had to do it all over again I would still memorize the reports because you just never know with this exam. I am awaiting my test results…

    Good Luck to you!

    #229085

    bakagal
    Participant

    I agree with magic_8. I started studying on 4/28 for my 5/28 test, and I had a lot of distractions during my studying time. I ended up having 2 1/2 days for review, which was perfect for me. When you study in such a short time period, you tend to remember more, come review time. I also agree that you should be very familiar with the basic reports- however, I did not memorize them and do not think it is that necessary if you really know the main parts of each. If you’re doing Becker, there are definitely mnemonics that are helpful in aligning all the info in your brain right before the test- but make sure you’re understanding them, not just memorizing. Good luck!!

    #229086

    dobat
    Participant

    Beginning or end of july? Either way its very doable. do 1 chapter a week, then 1 week of review and you should be fine.

    #229087

    CPAWannaBe
    Participant

    For AUDIT, do you recommend doing a review after 3 chapters or just wait til the end?

    #229088

    glutenator
    Participant

    I am just about to start studying for AUD as well. I did my study plan over the holiday weekend. My Becker material just expired, and I have 2009 books, so I am using my 2010 Wiley book. I have a work laptop that doesn’t support Wiley software, so I can’t use that, and my bank account won’t afford buying Becker again (work will only pay for it once). I’m thinking of studying the “old fashioned way” of using the book only. I’ll see how it goes, but am thinking of taking the exam in mid August, particularly since I know I have to take REG again, and maybe FAR (I’ll find out around June 20th).

    #229089

    Erica H
    Participant

    I’d review every 3 chapters. It’s too easy to get stuff in your short-term memory and lose it after a few weeks.

    My general study advice is, know the standard report inside and out, as well as how it changes under various different opinions and circumstances. Know the audit standards inside out. Know the elements of internal control inside out.

    Know the difference between compilation, review, audit, forecast and projection (and difference between forecast and projection).

    Know the elements of audit risk and how they relate to one another. Know the difference between tests of controls and substantive testing inside and out, and what each is used for.

    …. That should get you started. 😉

    Erica.

    #229090

    Erica H
    Participant

    By far, the best advice on the AUD exam I got from my Wiley book: when you read each question, determine in your mind what piece of information they are testing, and review each answer to see if it actually relates to what is being asked. You can eliminate 2 answers immediately in MCQ almost every time by going to this technique.

    #229091

    dobat
    Participant

    Ive waited till the end to do a reivew, since I usually study 1-2 chapters a week and therefore most of the stuff is still in the back of my mind..even from chapters 1 and 2. I do a final review 1 day (though i should spend 2 days) before the test and I’v e passed bec/far on my first attempt and just took AUD 1st attempt and feel that I’ve passed. So this strategy definitely works. But in all honesty, because one method works for me..doesnt mean that it will work for anyone else. If you are taking the CPA exam you have had a certain amount of schooling that should have required you to know what studying habits work best for you.

    #229092

    CPAWannaBe
    Participant

    Thanks, dobat and Erica,

    I am actually excited to start Audit because FAR is killing me. I need a change!

    #229093

    gottapasscpain2010
    Participant

    This is great advice. I also want to take auditing for the first time in early Ju.y. I’m using Roger with wiley.

    http://www.RogerCPAReview.com

    #229094

    cpa journey
    Participant

    If you have studied FAR – there is sime overlap in the Fin Reports. Becker has some good tips on recalling some of the information.

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