CPA Reviewed – Podcast #10




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Summary: Lisa: I've taken Audit 3 times and got a 74, 69, 73. Every time, on my score report, I get a "stronger" for multiple choice and "weaker" for simulations and I was wondering if you had any advice for the simulations part of the audit exam? I purchased the Wiley Online Test Bank. Any advice would be greatly appreciated!<br> <br> <br>  <br> <br> <br> Yvonne: I am struggling with FAR studying. I passed AUD (77) over the summer and now I am studying for FAR. I scheduled exam for Nov 15th but I am not scoring high enough on my diagnostics. Should I postpone and study for REG instead? I took REG earlier in year and scored (70). I obtained the WILEY problems and solutions book because it seems to explain concepts. My confidence is fading and it is affecting my ability to concentrate!!<br> <br> <br>  <br> <br> <br> Mannie: I just need to pass in audit. This is my 3rd attempt and I am scheduled to take it on the 13th of November. On previous exams, my scores were 60 and 64. On both I was weak in Simulations. How much time do you recommend to spend on simulations? I remember last time I didn't have time to answer one tab. Does time determine the scoring process?<br> <br> <br>  <br> <br> <br> Abe: I’m scheduled to take my final exam (Regulation) in the end of November. Since this is my last section, and I don’t have anything left to study, should I assume I failed and keep studying while waiting for my score or be optimistic and assume I passed? I have a wife and kid and I would like to avoid 3 weeks of unnecessary studying if possible. Your input would be greatly appreciated.<br> <br> <br>  <br> <br> <br> Anonymous: Aside from the difference of being able to sign on financial statements, are there any other differences in the CPA license with a "General" designation versus "Attestation" experience designation? Does the "General" have less clout or respect than the "Attestation" license? I work in private industry and am not sure how I would go from a G to an A license within private industry without any public attestation experience.<br> <br> <br>  <br> <br> <br> Ji: I have a question about how to schedule the exam in this window. I have failed AUD two times. Do you think I need to retake AUD or BEC this test window? I have passed BEC, but lost credit because of 18 month rule. I am struggling with which one I need to take first. In addition, do you think BEC and AUD will change a lot?<br> <br> <br>  <br> <br> <br> Meryl: Do you have any tips for studying on your way to/from work? I commute anywhere between 1-2 hours per day and was just wondering if there was any way I could study while driving.<br> <br> <br>  <br> <br> <br> Tony: I am taking auditing for the third time. In the past, I have scored a 55 and a 73. Before the last attempt, I went through over 5500 MCQs. I have taken your advice from previous podcasts and started from the beginning by watching the videos and reading the book. When I began the MCQs for the current exam, I found myself missing questions that I know the answers. I believe I am not taking the time to read the questions or skimming over them. With just over a month before exam day, November 21, I want to correct my bad habits and pass my last exam. Any advise you could provide would be great.<br> <br> <br>  <br> <br> <br> Matt: I am finishing up my Accounting degree, and the school I attend offers an Accounting Master's Program. I understand that I would be much more prepared to take the CPA exam after the Master's program, but am I ill prepared to start taking the exam right after I graduate with the Bachelor's? I will have the necessary 150 credits when I graduate with the Bachelor's.<br> <br> <br>  <br> <br> <br> Eran: I know that this question varies for each but I wanted to get your opinion.