Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
AUD STUDY GROUP
 CPAnet Forum : AUD STUDY GROUP
Subject Topic: AUD Study Plan Talk (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
wanabcpa
Newbie
Newbie


Joined: 26 Sep 2009
Location: United States
Online Status: Offline
Posts: 10
Posted: 08 Oct 2009 at 14:28 | IP Logged  

Has anyone used CPAreviewforfree.com? Someone told me me it had enough MCQ's for you to pass and it is free, but I have never been to the site or tried it... Just wondering if any one has used it and what they thought about it...

__________________
I am a CPA!!!!
Back to Top View wanabcpa's Profile Search for other posts by wanabcpa
 
AccountingNerd8
Major Contributor
Major Contributor


Joined: 13 Jan 2009
Location: United States
Online Status: Offline
Posts: 846
Posted: 08 Oct 2009 at 14:54 | IP Logged  

I think most people on here have agreed that some of the questions on CPAreviewforfree.com are helpful, but some of them are outdated/weird/not helpful.  If i were you, i'd buy a used Wiley book for 25$ from amazon or ebay.



__________________
I'M DONE!!!!!!
BEC- July 22, 2009 PASS
REG- February 26,2010 PASS
AUD- July 7, 2010 PASS
FAR- February 11, 2011 PASS! Last attempt before BEC expired
Back to Top View AccountingNerd8's Profile Search for other posts by AccountingNerd8
 
neuma1bm2
Contributor
Contributor


Joined: 29 May 2009
Location: United States
Online Status: Offline
Posts: 71
Posted: 08 Oct 2009 at 16:09 | IP Logged  

I looked at the CPAReviewForFree questions for BEC, and, I thought it was ok.  However, that was before I had any CPA exam experience.  Now that I have studied for, taken, and passed a couple parts, I would not advise anyone to use that site unless it is all you can possibly use.  If you have Becker, definitely don't waste your time at that site.  Once you sign up, the dude that runs that site (or whoever he is) will send you these long inspirational emails too.  The first one is ok, but after that, I don't know.

__________________
BEC - 81
AUD - 74 Retake 83
REG - 80
FAR - 86
Back to Top View neuma1bm2's Profile Search for other posts by neuma1bm2
 
zshellmatt
Contributor
Contributor


Joined: 19 Sep 2009
Online Status: Offline
Posts: 89
Posted: 16 Oct 2009 at 20:05 | IP Logged  

I like cpareviewforfree for Audit. I haven't really looked at the other parts.  It's free so I'm not complaining.  I have studied on my own for the past month using this site and various notes and I learned quit a bit.  That said, I finally recieved my Becker materials and start my class on Tuesday, but I will be supplementing Becker, with cpareviewforfree (for Audit, not for sure about the others), and Gleim test prep. I don't think you can have too many MCQ's.  I actually like the inspirational emails.  It helps me continue on my journey to become a CPA.  I guess my thoughts might change after I pass my first part and I might not need it anymore.  Anyway, just my 2cents.

__________________
BEC-79 PASSED 4/19/10
AUD-84 PASSED 5/25/2010
REG-86,72 PASSED 11/29/2010
FAR-81,72 PASSED 11/1/2010
ETHICS-95
DONE!
Back to Top View zshellmatt's Profile Search for other posts by zshellmatt
 
kj_nyc
Major Contributor
Major Contributor


Joined: 05 Jun 2009
Location: United States
Online Status: Offline
Posts: 1145
Posted: 18 Oct 2009 at 21:56 | IP Logged  

Here, finally, are the audit study and exam tips I can think of (in response to cpayesican's post on the BEC board but put here in case any of you studying for AUD here find them useful).

AUD was my first section, my first score of 99.  Audit is really about memorizing a lot of information and then understanding how it all fits together.  There are no calculations in the MCQs and minimal, if any calculations in the sims.  This means that if you know the material well and practice doing a lot of MCQs, you will be able to answer the actual MCQs very quickly.

Time is on your side on this exam.  Allow 1 hour per simulation, and that still leaves you 2.5 hours for the MCQs, or an average of 50 minutes per MCQ testlet.  You don’t have that kind of luxury for the FAR or REG MCQs.  On BEC you do, but audit questions can be answered much more quickly because there are no calculations.  They are just conceptual.  You either know the subject of the question or you don’t.

When you know the material well, the MCQs will be pretty easy.  The simulations, however, will probably be tough and require a decent accounting background.  I had to do quite a few journal entries and many accounting tasks for my sims.  For this reason, unless you are fresh out of school or have a great accounting background, I recommend taking FAR first and then AUD right after if possible.

If you put in the time and go through your review materials at least twice, you will learn the material well.  I did each practice MCQ and each practice sim twice, although the practice MCQs are most important if you’re short on time.  I kept a document of notes that I would add to whenever I got a problem wrong or felt the least bit shaky.  I used Bisk current version as my main review material and Becker 2006 as a supplement.  AUD is the only exam where no question was on a topic not covered by my review materials, even though it was my first section, before I knew about Wiley and cpareviewforfree that I used as supplements on the other 3 sections.  This is not to say that AUD was easy, but at least I felt that my review materials prepared me very well.

After you have made the first pass through the review material, memorize the standard audit, review and compilation reports, as well as the modifications.  The standard reports give a very general overview of the main purposes of audits, reviews and compilations and what they involve and don't involve.  They succinctly describe, at a high level, what an audit, review or compilation is all about.  As you keep re-reading and reciting reports, think about how each key word relates to other topics and concepts.  Pay attention to the exact wording.  Think about how they relate to the GAAS, and other topics and concepts such as sampling, testing, purposes of audit procedures, reasonable assurance, responsibilities of auditor and management, internal control, etc.  When you get questions not directly on reports, sometimes if you think about the section of the standard audit report that addresses the issue, you will be able to hit the right answer.

I studied AUD during the previous very busy and exhausting April tax season, a significant portion of the time of which was on the train, and sometimes would recite audit, review and compilation reports in my head while walking to and from the subway stations.  That helped me a lot.

Back to Top View kj_nyc's Profile Search for other posts by kj_nyc Visit kj_nyc's Homepage
 




<< Prev Page of 40 Next >>
  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1387 seconds.

Copyright © 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote