CPA Reviewed – Podcast #8




Another71.com show

Summary: Have a question for CPA Reviewed?<br> <br> You can Ask Jeff or post it on Facebook and it will get answered in a future podcast.<br> <br> <br> CPA Reviewed Podcast #8 Questions:<br> <br> <br> Amy: I just passed my final section of the exam thanks to your NINJA notes and the Wiley test bank! I was just looking for some input or advice that you have for what I should do next.I am currently a staff accountant at a privately held company. My direct supervisor is not a CPA, the CFO is an inactive CPA, and the CEO is an active CPA. I work with the CFO every day and the CEO occasionally. Ultimately a lot of my work is reviewed and used by the CEO. I am hoping this could count towards my two years of experience that is required in PA; however, I have a feeling it won't. I contacted the PA board of Accountancy to get their input, but haven't heard back yet.My next problem is I do not have auditing/attest experience. I live in a small town and CPA firms are very minimal here. I will most likely need to change jobs and move or commute to a neighboring city for auditing experience.My main question is what should I do next? I've passed the exam, but do not have the experience required to become licensed. Can I submit anything to my state board to get the licensure process started? Or do I wait until I have completed the experience? Luckily, I have ten years to complete the experience requirement, I'm just anxious to get licensed since I finally passed!<br> Ayanna: Just wanted to know since you have been here before your advice. I am currently restudying Audit getting ready to take it for a 3rd time.  My previous scores were 62 and 66. I am not pleased with my review course considering my investment in it. I have the Wiley test bank and textbook. I'm thinking about not using the review course at all this time around and just hitting questions hard. I have the exam scheduled for 11/5 and may push it up if I can find a slot. My review course promise expires and at the close of this November window and I am only planning on taking AUD and REG this testing window. Do you think doing strictly questions and only reading the 2 areas in which I was weak is a good method or do you suggest purchasing another course even though my funds are tight? I have taken all the others parts once before and score a 69 on my first attempt with REG. Your great advice is greatly appreciated.<br> <br> <br>  <br> <br> <br> Jenny: I didn't pass FAR in the July/August Window (missed by 1 point!). I have scheduled Audit and Reg in Oct/Nov window. Would you recommend me to take FAR on top of the two sections that I have scheduled?<br> <br> <br>  <br> <br> <br> Emily: After passing all four sections of the Uniform CPA Exam, roughly how long must I wait before receiving acknowledgement from my State Board (Kansas) as well as information on the AICPA Ethics Exam? How long do I have after passing the Uniform CPA Exam to obtain my years of experience in accounting?<br> <br> <br>  <br> <br> <br> Monica: I am having a hard time deciding which review course to use. I'm wiling to buy the programs in parts from different companies. Can you please give me some advice if you can on which programs to use? I'm also a bit stressed over the fact that if I buy the programs now, I would have to buy new material when it comes out in December. My plan is to start with Financial but I won't sit for my first exam till Jan or Feb of 2012.<br> <br> <br>  <br> <br> <br> Valerie: I enjoyed reading your story on Another 71 and am very encouraged by it. I just got my Regulation score back, and did not pass. What study course should I use?<br> <br> <br>  <br> <br> <br> Anonymous: I purchased the Wiley software for Regulation to practice the multiple choice and simulations. I am currently working many hours at a Big 4 accounting firm.