Greetings, WGU students! Welcome to our guide on mastering Auditing, WGU D215. As you embark on your academic journey, this module may seem like a formidable challenge. But fret not! You’re in good company – many students have walked this path before you and emerged victorious.
In this article, we’ll be your trusted companions, helping you navigate through the complexities of this course with ease. Together, we’ll explore:
So, let’s embark on this adventure together! With our guidance and support, you’ll be well-equipped to excel in this module. Best of luck on your journey!
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Overview of Module WGU D215 📖
Auditing D215 is an essential course that provides a comprehensive overview of the auditing process. Throughout the course, students will gain an in-depth understanding of various assurance services and familiarize themselves with the AICPA Code of Professional Conduct and the conceptual framework for public practice members. The curriculum is designed to help students develop critical skills in assessing audit risk, formulating audit strategies, and thoroughly understanding audit clients. Key topics include audit evidence, internal control systems, and risk response through control tests and substantive procedures. Additionally, students will learn to use data analytics and audit sampling in their evaluations, culminating in the completion and reporting of audits.
To succeed in Auditing D215, students should be prepared for a rigorous but rewarding academic experience. The course spans six weeks, requiring a dedicated engagement of 20 to 25 hours per week, which totals 120 to 150 hours. This time commitment includes comprehensive reading, interactive learning checks, quizzes, tests, and a thorough review before the final exam. The course is structured into 10 units, each designed to build progressively on the previous one, ensuring a solid foundation in auditing principles and practices. Prerequisites such as Intermediate Accounting I, II, and III, Accounting Information Systems, and Business Law for Accountants ensure that students are well-prepared to tackle the complex topics covered in this course.
The module contains the below Topics. (The weightage on the OA is mentioned as a percentage)
Unit 1: Introduction
Unit 2: Overview of Audit and Assurance Services (5%)
Unit 3: Professionalism and Professional Responsibilities (10%)
Unit 4: Audit Risk Strategy in a Professional Engagement (15%)
Unit 5: Audit Evidence (5%)
Unit 6: Client’s System of Internal Controls (10%)
Unit 7: Risk Response: Performing Tests of Controls (15%)
Unit 8: Risk Response: Performing Substantive Procedures (15%)
Unit 9: Audit Data Analytics and Audit Sampling for Substantive Tests (10%)
Unit 10: Completing the Audit (5%)
Unit 11: Reporting on the Audit (10%)
As students prepare for the final exam, they should focus on consolidating their understanding of the audit process, from planning and risk assessment to evidence evaluation and final reporting. Regular review of course materials, active participation in learning activities, and consistent study habits will be crucial for mastering the course content. By the end of Auditing D215, students will be well-equipped with the knowledge and skills necessary to perform high-quality audits and contribute effectively to the field of public accounting.
Ultimate Study Guide to Ace the OA📝
Now, let’s address the most pressing question in this module: What is the most effective way to study the course material and achieve your best? If you keep reading, below you’ll discover our meticulously crafted step-by-step study plan designed to accommodate individuals of all knowledge levels. Regardless of your background, following our study guide will set you on the path to success in this module. We’ve meticulously prepared this guide through extensive research into the module and by gathering feedback from former WGU course takers.
Whether you choose to adhere to each step precisely as outlined or prefer to glean tips and tricks to create your own study plan is entirely up to you. So, cast aside your worries, and allow us to guide you along the right path.
Step 1 – Download the study guide
As our first step towards success on this module, let us understand the overview of the course content and what to expect from each topic of the module. To achieve this objective, follow the below-given instructions and download the mentioned document.
- Log onto the Student Portal of WGU > Go to the module “Intermediate Accounting I D103″ > Click on “Course Search” > Open the link “D215 Study Guide” > Find the link to download the document “D215 Study Guide.docx”
This document consists of several questions asked based on the content of each topic of the module. Reading through these questions will help you understand the content of each topic and what are the learning outcomes of them. Also, you can answer these questions while you study through the module and utilize the document later as your short notes to help you revise the content.
Step 2 – Read the Textbook
As usual, we will begin our studies by going through the Textbook provided by WGU to gain our initial understanding of the course content. The Textbook will help you understand the exact scope of the subject matter and provide you with all the information you require to pass the OA at the end of your studies. But you should know that the course content of D215 is known to be very dense and sometimes hard to grasp without basic knowledge of the foundations. If you feel the same way about your reading of the Textbook, we recommend that you take a pause on your reading and first try to grasp the basic knowledge of auditing. To help you with this task we have provided you with the link to a comprehensive playlist on YouTube by Edsopira to take you through what you need to know. To find this link, scroll down on the article to find the “External Resources” section of the article.
Once you start going through each topic of the Textbook, make sure to attempt any knowledge checks, unit tests, and module quizzes that you may come across. Also if there are any supplemental videos available on the topics, we recommend that you take your time to go through them as well. Most of all, make sure to utilize the study guide we downloaded in the first step and answer the questions presented in it.
Step 3 – Watch the PowerPoint slides
Before coming to step 2, make sure that you completed going through all the units of the Textbook and completed the study guide document we have downloaded. In step 2, we will go through the PowerPoint slides available for the D215 module and refresh our memory on the core concepts. To find the PowerPoint slides go to Course material – Wiley Course Resources – then they should be listed under each unit page. Carefully go through each slide and understand the information presented. This will help you strengthen your knowledge and better prepare you for the OA ahead. Also instead of going through each unit directly, we would like to recommend that you read one unit and then redo the “Before you go on” questions on the Textbook for that unit to help you retain the information.
Step 4 – Watch the recorded cohorts
Another valuable resource you can find in module D215 is the recorded videos and case studies. These will help you clarify the knowledge you have gained so far and help you put it into perspective by using the concepts in real-world scenarios. Navigate to the location mentioned below and go through each video provided.
- Log onto the Student Portal of WGU > Go to the module “Intermediate Accounting I D103″ > Click on “Course Search” > Open the link “D215 Live Events”
Step 5 – Attempt practice quizzes
At this point of your study journey, you should be well-competent in your knowledge of the module Auditing WGU D215. So let us attempt to answer some practice questions and validate our knowledge to see if we are prepared to face the OA. Find the documents with the practice questions by visiting the location mentioned below and answer each question with the help of the notes you have taken on your studies.
- Log onto the Student Portal of WGU > Go to the module “Intermediate Accounting I D103″ > Click on “Course Search” > Open the link “D215 Course Resources Document” > Scroll down to the end of the page to find the links to download the document (Refer to the image below)
Step 6 – Take the Pre-A
Now that you’ve completed steps 1 through 5, it’s time to assess your knowledge by taking the Auditing WGU D215 Pre-Assessment. It’s crucial that you approach the Pre-Assessment as if it were a real exam to obtain an accurate estimate of your knowledge. This is the final tool we’ll be using to prepare before attempting the Objective Assessment (OA) of D215. So, find the link to begin the Pre-A on the module page and do your best.
After completing the Pre-Assessment, an auto-generated coaching guide will be provided to you. This guide visualizes your knowledge in each topic and helps you understand where you may lack proficiency. Use this guide to identify your weaknesses and revisit the topics where you scored the lowest. If you did not pass the Pre-Assessment on your first attempt, consider retaking it. Repeat this process until you achieve a passing score of more than 85%.
Step 6 – Ace the OA
You are now prepared to tackle the biggest challenge in your journey: the final assessment. Now that you’ve passed the Pre-A, it should be a manageable task for you. However, it’s important not to let your guard down. Be prepared to give your best effort on the OA, as this will be the final hurdle you face in this module.
To take the OA,
- Schedule the OA at a convenient time and date for you
- Make sure you have a stable internet connection, a webcam, and a microphone.
- Follow the proctoring instructions and rules carefully.
- Use the same strategies and skills that you used for the Pre-A
- Relax and be confident in your abilities.
Best of Luck!!
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Tips and Strategies to Face the OA 👨🏻🏫
1. Manage Time Efficiently
- Allocate sufficient time to answer all questions.
- Pace yourself to ensure a thorough review if time permits.
- Keep an eye on the clock to avoid rushing.
2. Use the MCQ Elimination Method
- Quickly rule out obviously incorrect answers.
- Narrow down choices to increase the chances of selecting the correct answer.
- Often, you can immediately eliminate two options based on common sense and understanding.
3. Understand Auditing Concepts Thoroughly
- Be well-versed in auditing principles and processes.
- Use your knowledge to interpret and analyze scenario-based questions effectively.
4. Read Questions and Answer Choices Carefully
- Avoid misreading or skimming through questions to prevent selecting wrong answers.
- Ensure a clear understanding of what each question is asking before answering.
5. Utilize the Whiteboard for Tricky Questions
- Take your time if a question seems tricky or vague.
- Use the whiteboard to organize thoughts and work through the problem systematically.
- Approach the question from different angles to find the best answer.
6. Narrow Down to Two Answers
- Common sense often helps in narrowing choices to two plausible answers.
- Consider these remaining options carefully before making your final selection.
By following these strategies and thoroughly reviewing the course material, you will be well-prepared to pass the OA for Auditing D215.
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FAQ ❓
Q: Who should take Auditing D215?
A: Auditing D215 is ideal for students pursuing careers in accounting, particularly those interested in public accounting, auditing, or related fields where understanding audit processes and compliance is essential.
Q: What is Auditing D215 at WGU?
A: Auditing D215 is a course offered at WGU that covers the entire auditing process, focusing on assurance services, audit risk assessment, audit strategies, and client understanding.
Q: What are the prerequisites for Auditing D215?
A: Prerequisites include Intermediate Accounting I, II, and III, Accounting Information Systems, and Business Law for Accountants. These courses ensure students have the foundational knowledge needed for Auditing D215.
Q: How is Auditing D215 structured?
A: The course is designed as a 3 Competency Unit (CU) course with a prescribed completion pace of 6 weeks. It consists of 10 units covering various aspects of auditing, from risk assessment to audit reporting.
Q: What resources are available to help with studying for Auditing D215?
A: WGU provides course materials, readings, learning checks, module quizzes, unit tests, and a comprehensive review. Additionally, students can use the course mentors and the WGU library for additional resources and support.
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Conclusion 📄
As you progress through Auditing D215 at WGU, adopting a proactive study approach is key to mastering the course content. Utilize the study guide provided here to structure your learning effectively. Take time to understand each unit thoroughly, engage with practice quizzes and module tests, and seek support from course mentors as needed. When preparing for the Objective Assessment (OA), employ the recommended strategies: manage your time wisely, utilize the MCQ elimination method, and carefully analyze scenario-based questions. These tactics will bolster your confidence and enhance your ability to demonstrate your understanding during the exam. With dedication and adherence to these strategies, you’ll be well-equipped to succeed in Auditing D215. Best of luck as you embark on this educational journey. Approach the OA with confidence, knowing that your diligent preparation will pay off. Here’s to your academic success!
