some thoughts on AUD

This topic contains 2 replies, has 3 voices, and was last updated by  timmyj 4 days, 14 hours ago.

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  • #2699379

    asdf
    Participant

    really, just my 2 cents 🙂

    reading/understanding entire material (more than once/not skim through) could be more important than solving tons of mcqs/sims with less reading/understanding
    taking FAR first than AUD could be beneficial since some sims on AUD should be answered with FAR such as using cost/equity/consolidation method
    Feeling of not knowing what to expect (or expecting score 50-60) getting out of testing center is very normal
    so many flags on mcqs, way more than FAR/REG (flagged almost half of 1st testlet)

    FAR - Passed

    REG - Passed

    AUD - Passed

    BEC

    #2699433

    kms1234
    Participant

    How long do you recommend studying for this section? Should I go in feeling like I understand every little detail, or are most of the questions based on general understanding then applying it?

    🙂
    #2701737

    timmyj
    Participant

    You should definitively know all the reports and what wording is included and not included, when disclaimers are needed, when the report is restricted, wording of opinion, negative or positive assurance (or no assurance). This in my opinion the only thing that you must know every detail as there is a 100% correct answer (no subjectively, closes thing you will get to calculations…i.e there is a right or wrong answer) and it is very detailed oriented.

    For the actual audit procedures etc, there aren't as many details so its do you know the processes and procedures and when they are used and when to apply.

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