I know you are not F7 lecturer but i was hoping you would still be kind enough to give me guidance in answering one of the study guide questions for this paper, which is Discuss whether Faithful representation constitutes more than compliance with accounting standards?
I am sorry, but you really do need to ask this in the Paper F7 Ask the Tutor Forum. Although I have my own view on the answer, I do not teach F7 and so I am not sure in what depth you would be required to discuss.