CPA Exam Advice
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Auditing concepts can be difficult to understand, because an audit requires a different set of skills than posting accounting transactions or generating financial statements. To succeed on the Audit CPA exam (AUD) you need to put yourself in the shoes of an auditor, and understand the tests performed to issue an audit opinion.
The FAR CPA Exam section is the “number-crunching” part, and many students struggle with the number of calculations required on this test. In order to move through the test materials as quickly as possible, you need to understand some key concepts. Use these tips to understand the most important FAR topics and pass this section of the CPA exam on your first try!
Anyone who has failed the CPA Exam has asked why it is so difficult. It’s been ruminated upon by plenty of people in various stages of taking the exam. For our non-accountant friends, the answer makes them then ask why even bother? But truly, why is the CPA Exam so difficult?
Failing a section of the CPA Exam sucks, but you can take comfort in the fact that this is a very challenging test and that many people do not pass the first time they take it. In fact, pass rates for the different sections of the exam have ranged from 47-57%. Follow the steps below to help you pass the test the next time you take it.