I’m trying to decide which optional paper to sit between P5 – Advanced PM and P7 Advanced Audit in December 2013. I’m really not sure which one to go with though. Its been a long time that i did F5, but i just sat P3 in June 2013 ( which links with P5), and also i did F8 & P2 not to long ago (which links with P7).
If you want to work as a statutory auditor, most jurisdictions require that you sit P7. If you don’t think you will ever work in audit, then you can go ahead and do P5. I didn’t do P5, so I won’t be much help in analysing the syllabus content, but I do know that P7 is a very doable exam.