I am considering to take F7 and P2 in June and now I am thinking how to prepare best. As ISA are the basic for the exams, are we allowed to take the ISA with us during the exams or do we have to learn them by heart?
Taking ISA into the exam room will not help you at all.
Firstly because they are Statements on Auditing and would be more useful for F8 and P7
Secondly, you would not be allowed to stay in the exam room for one second longer than the time it takes the invigilator to see that you have a text book with you.