I understand that there are no marks for quoting ISA/IAS #’s, but kindly help me contextualize how to frame an answer in the exam to have the “meat” (substance of the IAS/ISA) without the “bone”
“Accounting Standards prescribe the appropriate treatment as …”
“According to the Auditing Standards, the auditor should be prepared to …”
“Before the recent issue of the IFRS on leases, the previous accepted approach was to …”
OK?
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