Basically, write down the audit process and timing for everything in the audit so you can fully understand what goes into an audit/engagement.
I would then recommend you get Ninja and hammer their mcq until your exam.
I will probably use their mcq from here on out.Sep 11, 2022.
Best Way to Study for AUD CPA Exam
The best way to study for the AUD exam is reviewing the exam content, understanding how you will be tested on it, and creating a study plan that you can commit to.
Ensure you understand the audit report and internal controls.
Memorize concepts within the proper context..
Basically, write down the audit process and timing for everything in the audit so you can fully understand what goes into an audit/engagement.
I would then recommend you get Ninja and hammer their mcq until your exam.
I will probably use their mcq from here on out.Sep 11, 2022.
We recommend that you spend approximately 150 hours studying for the Financial section, 120 hours studying for the Regulation section, 90 hours studying for the Auditing section and 90 hours studying for the Business section..
Which CPA exam is the hardest? The AUD exam is considered one of the two most difficult parts of the CPA exam, with a 49% passing rate in 2021, according to the American Institute of Certified Public Accountants.
The Financial Accounting and Reporting (FAR) exam had the lowest passing rate, at 45%..
The recommended study time for AUD is between 70 and 90 hours..
Which CPA exam is the hardest? The AUD exam is considered one of the two most difficult parts of the CPA exam, with a 49% passing rate in 2021, according to the American Institute of Certified Public Accountants.
The Financial Accounting and Reporting (FAR) exam had the lowest passing rate, at 45%..
We recommend that you spend approximately 150 hours studying for the Financial section, 120 hours studying for the Regulation section, 90 hours studying for the Auditing section and 90 hours studying for the Business section.
Here are tips for stress while studying for the CPA Exam..
Throughout my 5 weeks of studying for AUD, I spent two-and-a-half hours studying each day Monday–Friday and 5 hours each day Saturday–Sunday, totaling around 20 study hours a week..
AUD- 100 hours (2 tests) over 5 weeks.
BEC- 80 hours over 4 weeks.
No breaks in between, working full time including tax season and with a family.
I did around 5-6 hours a day 7 days a week before work.Jun 14, 2023.
The recommended study time for AUD is between 70 and 90 hours..
AUD- 100 hours (2 tests) over 5 weeks.
BEC- 80 hours over 4 weeks.
No breaks in between, working full time including tax season and with a family.
I did around 5-6 hours a day 7 days a week before work..
The AICPA recommends candidates to study 70-90 hours for the AUD CPA exam section.
The AUD section is considered one of the easiest parts with one of the highest pass rates.
Don't let this fool you, however, AUD is a niche topic that has little overlap with the other four sections..
FAR- 260 hours (2 tests) over 12 weeks.
REG- 60 hours over 3 weeks.
AUD- 100 hours (2 tests) over 5 weeks.
BEC- 80 hours over 4 weeks..
AUD CPA Exam Study Tips
Memorize the study materials with proper context.
Take practice exams and analyze your weaknesses.
Follow up on weak areas until you understand them.
Practice time management for each testlet so that you can finish the exam on time..
We recommend that you spend approximately 150 hours studying for the Financial section, 120 hours studying for the Regulation section, 90 hours studying for the Auditing section and 90 hours studying for the Business section.
Here are tips for stress while studying for the CPA Exam..
If you are one of those candidates who is not overly familiar with auditing, you will likely want to take FAR first to take advantage of any overlapping financial accounting content.
If you do have auditing experience and feel confident in your knowledge, take AUD first for a strong start..
Auditing means the same in accounting as anywhere else.
Someone goes to check that there are records where they're meant to be, whether those records match each other and reality, and if they do not, Investigate why..
The AUD section of the CPA Exam isn't easy, and one factor contributing to CPA Exam difficulty is the fact that the exam assesses candidates at four different levels of skill.
The pass rate for AUD hovers around 50%, so it's important to make sure you have a firm grasp of the subject matter..
Figured I could share my audit study guide for others to use! It helped me feel very confident going into the exam and leaving
Hope it can provide others the same feeling!
Appropriateness: The quality, relevancy, and reliability of the evidence
Sufficiency: The quantity of audit evidence — enough evidence to evaluate the audit client’s management assertions
Evaluation: A decision on whether the evidence is compelling enough to allow you to form an opinion
You gain an understanding of the client and its environment, including internal controls, to assess the risk of material misstatement in the financial statements and to plan your audit
The evidence you gather during the audit is appropriate and sufficient to evaluate management’s assertions on the financial statements
