FAQs on AUD

Q Do we need to remember all the Standards ?

A No, there is no need to remember all the AICPA professional standards/ Auditing standards, they will be asked in Re

Q Heavy tested content in MCQs

A Audit examination, complilation, agreed upon procedures and reviews are heavily tested- Audit reports in short

Q Tips for solving Audit MCQs

A Read the question THRICE , this is must as questions are real tricky in MCQs

Q Can we leave anything in AUD

A No

Q Do we need to study audit reports ??- VERY IMPORTANT

A They can definitely ask the paras , so draft must be studied carefully like which para comes where, opinion para or m

Q Will Digital open book- Authoritative literature in solving SIMs

A Audit - it can defintely help in SIMs, always advisable to solve research based SIMs as it can be solved faster, for oth

Q What are Important things to be completed before Exam ?

A 1. All 3 Mocks ( Simulated exams )
2. All Flash Cards
3. AICPA Newly released Questions
4. AICPA Sample test on its website

Q What are important things to study before exam day ?

A Take ample rest one day before the exam and have a sound sleep, better to check Flashcards day before the exam

Q Do they asked journal entries in audit ??

A Equity method - SIMs on JEs can come, FAR journal entries can come in Audit so better to solve FAR and Audit toge

Q How many testlets are in AUD

A There are five testlets , Testlet 1 and 2 will have 36 MCQ each , before submitting the testlet, you can recheck the M
dards, they will be asked in Research based SIMs which you can check via digital open literature in exam

ted- Audit reports in short

omes where, opinion para or management responsbility para, auditors responsbility - so learning the content of audit report is must / say

it can be solved faster, for other SIMs also, AL can be extremely useful

shcards day before the exam in AUD as AUD is more conceptual based

er to solve FAR and Audit together, One skill master video is in becker where they have informed that basic journal entries can be asked in

testlet, you can recheck the MCQs always if required, other 3 testlets have SIMs ( testlet 3- 2 SIMs, Testlet 4-3 SIMs, Testlet 5- 3 SIMs
t of audit report is must / say draft report is must

ournal entries can be asked in AUD

-3 SIMs, Testlet 5- 3 SIMs