Seeing that my last post was titled Failed Audit, I really did not want another Failed Audit title even though that is what happened. I have not updated my blog in a few months. A lot has been happening and just didnt have the time to write.
I retook Audit on November 25 and lo and behold I got a 73. I felt nothing when that score pooped up on my screen at 5am. I was numb because I had worked so hard for that retake and felt like I truly understood the material. Later when I got to work I was so angry I cried. This exam is so frustrating. I was 2 points away from having my first pass.
Since then, I left public accounting and now work in healthcare still auditing. I have only been in my new position 2 weeks but I already know there is so much to learn and so lots of potential for professional growth. The team seems really nice as well. I feel like I have known these people longer than just 2 weeks. The other nice thing is each year the company shuts down from Dec 25 through Jan 1. During the break I plan on restudying for audit yet again. I feel like at this point I am a pro.
I ordered the 2015 Wiley Audit textbook and it should get delivered today. I am going to reread the textbook one more time and take notes. During that time I plan on working through all the questions in the book. Once I am done I am going to work through all the Ninja MCQ until exam day. At this time the goal is to retake Audit early February. There have been a few simulations that stumped me and will keep preparing for any FAR related material because I seem to get it each time I have taken audit. I was weaker in audit reports the last 2 times that I have taken the exam. Other areas I actually improved and had some stronger sections. I have always known I was weak in Audit Evidence so I broke down and bought the Bisk Audit Evidence hotspot. I think it was 2 hours total of lecture. Once I was done viewing the lecture I worked through the questions. I went from weaker to comparable. Not that those reports mean anything. Since I have consistently been doing terribly in Reports I am going order the Audit Reports Bisk hotspot and hope that I can learn a few things from Bob.
I am starting from scratch for this retake. My very first score was a 47 and I have consistently improved. I can pass the exam, I just need to study hard.
I will try and update my progress at least weekly so I dont fall off the face of the planet.