Written by guest blogger Anne R.
This week it feels like I have been doing nothing but studying. Someone today asked me what I did last weekend, and I couldn’t remember anything . . . only to realize I didn’t do anything except study! How unexciting. But it will be worth it when I pass Audit!
I am flying home, back to the US, on Tuesday, May 1. My short-term goal is to be finished with Chapter 20 by May 1. I originally had planned to be finished reviewing by May 1, so I could take the exam within a couple days of being home, but that is not going to happen. I should get my NTS in my e-mail any day now, and I am going to schedule the exam for May 10. This will give me the most time I’ve ever had to review before taking an exam, which I’m very excited about. The longest I’ve ever had to review before an exam is 2 days, usually because I schedule my exam far in advance, and then I’m behind on my studying. This time, I’ve waited until the last minute to schedule, so I should have 9 days to review. I have passed Audit before, and I let my credit expire (please take my advice and don’t let this happen to you!), so I’m very anxious to pass it again!
I am headed into chapter 15 tonight, so I have a lot to do – 5 chapters in 6 days, but I can do it! Chapter 15 is the last chapter covering audit evidence, which I have actually enjoyed. I feel that studying how to collect evidence for the different assertions is very practical. It makes sense, and it is definitely useful! Some sections of Audit are harder for me to study if I don’t think I will ever need to know that information, but audit evidence is a topic I definitely need to know. I think Chapter 16 will be difficult. I’ve heard that it’s a really good idea to memorize (or be extremely familiar with) the Auditor’s standard report. It looks like I’ll get to that tomorrow, so that will be a lot of work. I hope I get a few of those easy questions on my exam where that memorization will pay off!
I’ll update in a few days, hopefully with a post announcing that I have finished chapter 20! Good luck to everyone and keep studying hard. It will be worth it to be a CPA!