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I have studied f3 2 years ago and now i am planning to give f8 now. Is it ok to give f8 before f7? or do i have to study f7 first ?
Welcome to the AA tutor forum – please remember to give your posts a suitable caption for the nature of your query (this helps make them searchable for other students to find answers to similar questions).
Yes it’s ok – the assumed accounting knowledge for AA is only that at FA (F3), not FR (F7). So although I generally recommend that students study for FR before AA to have a better appreciation of financial statements (what it is that the auditor audits), it is not essential. However, you do need a good grasp of FA (but not consolidation topics since the audit of group accounts is not examinable until AAA) – so you should be prepared to refer back to FA notes if there are accounting aspects which you do not remember.
Ok i will be careful next time.
I will start AA from tomorrow then. I do remember FA but i didn’t remember a thing about Cash flow i will look into FA notes and lectures.
Thank you.
The audit of a statement of cash flows (IAS 7) is also not examinable in AA – but cash flow forecasts (MA/F2 assumed knowledge) is relevant to audit evidence in considering the appropriateness of the going concern basis in the preparation of financial statements.
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