Posted: 23 Feb 2012 at 16:56 | IP Logged
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Thank's alot ZJ,CPA
First of all don't panic Audit exam is not hard and time is enough for you to read every MCQ carefully. you have to focus on Professional responsibilities specially PCAOB, Attestation standards specially forecast and projection, audit opinions, compilation and review, these topics represent 70% of MCQs, Regarding simulations I'm sure that you will receive a simulation on audit risk (inherent or detection) of derivatives, audit report modification, adjusting entries, audit procedures, different type of letters (representation, management, engagement, attorney) take care of dead lines.......
Good luck
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