AA

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.

Ok, I will keep that in mind. Thank you.

You're welcome!