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...
The Canadian national CPA exam also known as the CFE is 3 days long and offered only once a year in September. Starting 2020, the exam will be offered twice a year; in May and September. Day 1 is directly linked with Capstone 1. If you're enrolled or have done...
Capstone 1 workshop is around the corner. Make sure you have read and understood the case assigned for prep. You will be assigned with a random group of candidates in capstone 1. You will HAVE TO get a long with them. Your group will not change, so make it work!...
Are you struggling with your study schedule? Not sure where to begin? Don't have enough hours in a day to find time to study? Don't feel like studying?? If you've answered YES to any of these questions, then you're normal! Most 2019 CFE writers are on the same boat,...
This is around the time where you begin your first round of technical studying. You should complete all the hot tested technical topics for each competency area. Remember what I always say- CFE is not a purely technical exam. It is testing the application of your...
When preparing quants, it is easy to get lost in the details. Make sure you use some of the time allocated to actually think of what your analysis will entail. The main components of a quantitative analysis are as follows: Label: Exhibit/Appendix I,I,III etc Purpose:...
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...