I'm not sure why people are afraid of Assurance on the CFE. I find this the easiest of all the competency areas. It is comprised of a few simple topics and required that keep coming up in different forms and scenarios on the CFE. Internal Control weaknesses/issues-...
Level 1- passing at level 1 means you have achieved a sufficient number of RC's and C's across the 2 days of the CFE. Level 2- passing profile at level 2 means that you've achieved DEPTH on Financial Reporting (FR) OR Management Accounting throughout the 2 days of the...
There is some confusion on how to structure your audit planning memos. Here’s what I use to remember the major components - RAMP Risk, Approach, Materiality, Procedures Risk Here you will discuss the risk factors that affect the risk at the FS level. Don’t forget to...
Those holidays sure did fly by. If you weren't successful on the 2018 CFE I hope you took some well deserved time off from the whole thing. January is time to start again. Here's some things to think about. What went wrong: You need to figure out why you did not...
Many students often struggle with their depth and structure in financial reporting. Here’s a method you can apply and use. If you are analyzing accounting issues, read the required first and determine if your client is asking you for a recommendation. Start by...
So you’ve heard these terms for case writing many times in the CFE world and it’s still unclear to you. Let me clarify: Depth Depth is required in order to successfully complete the CFE. Without the required level of depth, you will not hit competent on indicators....
Welcome 2017 CFE writers. For those of you writing in September, it's time to get started with your exam/study prep. You have a solid 5 months before the CFE. Here's a play by play list of what you should be doing for the coming months... April: your goal during this...