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Good morning,
I am doing the p7 exam in this March, and yes I just fail in last December exam. I have one question to ask our tutor here related to the Accounting Standard and Auditing Standard.
In answer, should I quote the accounting standard or auditing standard where possible? If i am not quote the standard, will i lost the mark?
Thanks you so much for you advise.
SinraThere are NO marks for quoting the title nor the number of any accounting or auditing standards in an exam answer!
None
Clear?
Have you read any of the articles on this site about exam technique? You would have found the answer to your question there!
Yes, you should be ok.
What IS important for you is to get yourself up to speed with ACCOUNTING standards. Auditing is auditing, wherever you are in the World. What is important for you is to know the correct accounting treatment of items in order that your AUDITING answer is relevant to either IAS ? IFRS or to UKGAAP (in your case, apparently, UKGAAP)
OK?
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