jyoung117 on "AUD Study Group Q2 2015"
Question on Assertions. Please help answer:1. An auditor would trace from shipping records to the sales journal and the accounts receivable ledger to determine if all shipments were properly recorded...
View ArticleBrownie19 on "AUD Study Group Q2 2015"
Good luck to those taking the test today!! Remember just take a deep breath and RTMFQ!! You all will do fine! :)I'm taking it at 1:30, hopefully this is my last exam, So anxious for it to be over!!
View ArticleFinchlt on "AUD Study Group Q2 2015"
Took the Exam this morning. I was surprised that i had so many Govt and International questions. Make sure you study those.
View Articlejyoung117 on "AUD Study Group Q2 2015"
Just finished taking it and get I killed the mcq sections but the sims not as much...what are the odds I passed still? For example of my struggles one of the sims dealt with f.o.b. Which a quick google...
View ArticleCPAbefore40 on "AUD Study Group Q2 2015"
Good luck to all that took the exam today!!Anyone taking the exam tomorrow? I am in at 8AM ... :(
View Articledpadgett on "AUD Study Group Q2 2015"
I took the exam today. The SIMS were theory related and the MCQ did get harder with each testlet. This could be my last one too so I am hoping for a miracle.
View Articletrish_1234 on "AUD Study Group Q2 2015"
@ jyoung117 I believe MC is 60% and SIMS are 40%But relax now and let it go because you will never be able to predict if you passed or failed. I have seen people think they totally aced it and ended...
View Articletrish_1234 on "AUD Study Group Q2 2015"
Good luck to all of you who are taking the exam!
View Articletrish_1234 on "AUD Study Group Q2 2015"
Below is question and the answer and the explanation. My question is: I would think that" Loss on an uncollectible trade receivable recorded in Year 1 from a customer that declared bankruptcy in Year...
View Articlegolfball7773 on "AUD Study Group Q2 2015"
Did you take your exam Trish? I can't remember if you pushed it to July or not.....
View Articlepracap on "AUD Study Group Q2 2015"
@golfball and others - I feel first attempt is the golden attempt to pass because i have noticed the question pattern itself will change for the subsequent attempts.This happened to me, when i took for...
View Articletrish_1234 on "AUD Study Group Q2 2015"
@golfball. pushed it to july I live pracap analysis lol :)
View Articlejbarwick on "AUD Study Group Q2 2015"
Finished F4 early on Friday and start F5 partially Saturday and today. I continually got better on the Additional MCQs from Becker so it is coming together. I can tell afternoon MCQs are more taxing on...
View ArticleCPAbefore40 on "AUD Study Group Q2 2015"
I took the exam this morning. I did not think I did very well. On the one testlet, I had to guess between two answers on the majority of the MCQs. SIMS, I could not find the research question and I had...
View Articletrish_1234 on "AUD Study Group Q2 2015"
CPA before 40 :) congratulations!!! I am happy the AL worked for you. The research question I remember that I didn't really even understand what the f#&$* they were saying!! after reading and...
View Articlegolfball7773 on "AUD Study Group Q2 2015"
I only got 1 research question and used the AL for 3 others "word per word"....then I had a bullshit JE sim..... Sounds like you nailed CPA 40!!!
View Articlegolfball7773 on "AUD Study Group Q2 2015"
Trish - I will be here helping/asking questions due to my track record :) Hope to help you in Q3 study group and I hope you help me if a fail comes!
View Articlecortes123 on "AUD Study Group Q2 2015"
Hi guys! This will be my first post, although I have been visiting this forum for over two weeks (great resource btw!!) I apologize in advance for my writing since english is my second languange. My...
View Articletrish_1234 on "AUD Study Group Q2 2015"
welcome cortes123My brain is dead from doing MC questions all day. The risk of assessing control risk too low is the risk that an audit sample conclusion is that the design and operation of an IC is...
View Articlecortes123 on "AUD Study Group Q2 2015"
Thank you Thrish. But isn't that supposed to lead me to increase my sample size? According to Wiley the relationship is an inverse one, an increase to the risk in assesing the CR risk too low decreases...
View Articlepracap on "AUD Study Group Q2 2015"
@golfball, you missed my comment in the previous page - How was the exam specifically sims and ratios? more no. of questions were on cycles? I feel first attempt is the golden attempt to pass because i...
View Articletrish_1234 on "AUD Study Group Q2 2015"
@cortes123 You are sying things the opposite way. Hope this helps... allowable risk of overreliance increased the smaller the sample size. What they are saying is that: as the auditor increased the...
View Articlecortes123 on "AUD Study Group Q2 2015"
Now I get it!! I was seeing an increase in the risk of incorrect acceptance as an assessment of the CR being bad when in fact is the other way around. If I am more willing to accept an incorrect sample...
View Articlesgustin on "AUD Study Group Q2 2015"
I took my exam Saturday, had to drive 3 hours to Austin because all the exam spots were taken in the Dallas Fort Worth Area. I used the AL for a bunch of my SIMS. Some were word for word from the AL....
View Articledpadgett on "AUD Study Group Q2 2015"
So, if detection risk is decreased (meaning a larger sample size) what would this do to the risk of incorrect acceptance?
View Articletrish_1234 on "AUD Study Group Q2 2015"
@dpad dont mix up detection risk with the allowable risk of overreliancethis is what I think and understand:Audit risk = inherent risk x control risk x detection risk (used in planing and performing...
View Articletrish_1234 on "AUD Study Group Q2 2015"
PS; detection risk may be assessed as low for payroll but high for accounts receivable so the auditor will perform the minimal procedures on payroll and focus on receivables to reduce audit risk to...
View Articletrish_1234 on "AUD Study Group Q2 2015"
good question to demonstrate how Audit risk = inherent risk x control risk x detection risk Risk assessment process: Risk of a material misstatement of recognized revenue is likely to be high due to...
View Articleauditman91 on "AUD Study Group Q2 2015"
Took audit on Saturday, I'll be honest. This is the first time I was able to get through all of the material, and have time to review MC's and SIMS before the exam. I wouldn't say I felt better coming...
View ArticleCPAbefore40 on "AUD Study Group Q2 2015"
@trishIs it C? I am now convinced that I will have to retake this test :( I am working the Ninja MCQs and I am still trending on the 80%. Did you guys reset the MCQs for your retakes or continued on...
View Articlepracap on "AUD Study Group Q2 2015"
Does anybody have the recent updates for Audit exam July/Aug
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