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Prepare FS in the Exam ?

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Kim Smith.

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July 20, 2020 at 9:30 am #577430
dolphinslover
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In the BPP essential reading, they ellaboarate on how to calculate goodwill, NCI , SFP and Income stmt for the group audits, In the exam – are we supposed to prepare the FS or we jus need to have the knowledge ?
July 20, 2020 at 9:56 am #577431
Kim Smith
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Please remember to use the Ask the tutor forum for a tutor response. AAA is an auditing exam so no you will not have to prepare FS in the exam – but you must know how goodwill is calculated – otherwise how can you audit it?
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