1. avatar says

    I am one fo those employed in the auditing departments of a multinational, with probably the best audit methodologies in the world, but I have failed this subject. Not once, not twice but three times. I think P7 required anlaytical skills compounded with a very good understandigs of IFRSs and to a lesser extent ISAs. P5 on the other hand requires a good background of business analysis, management accounting and financial mgt. I would like to believe you know either your strngths or weakness.

    • Profile photo of MikeLittle says

      @nuan, Hi Nuan. Sorry, no advice! It’s got to be a matter of personal preference and your ability to be incisive, perceptive, persuasive ……

      …..or how much of your F5 can you remember.

      Why not look at some past exam papers and see the sort of questions which are asked in past exams. Maybe that will help you to make up your mind :-)

      • Profile photo of MikeLittle says

        @zebedia, Nuan, one’s ability at auditing is almost certainly irrelevant in one’s chances of success at P7! Ask the 68% who failed in the June 2012 exam, probably more than half of whom are employed by the big 4 firms as auditors!

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