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Hi,
Im self-studying and retaking the P7 exam 🙁
I know that Audit reporting is a highly examinable area and also an area that has been subject to revision in recent years.
I do have a copy of P7 examinable documents for June2015- but the along with the examiners article and my textbook – I’m confused what version of the revised ISA 700 Audit Report -we need to learn for the UK exam?
Are we expected to know the full long form Audit report in the exam- with the auditor paragraph showing the Assessment of risks etc.
Im aware that the UK have not fully adopted the revised ISA 700 – but can’t find any further info on which bits I wouldn’t need to learn 🙁
Sorry if thats a bit confused – it reflects my state of mind over this matter!! 🙂
Was it passed by 30 September 2014? (I can’t get it up on my screen for some reason)
If it was passed (even though applicable start date is in the future) before 1 October, 2014 then it is examinable. If it was approved after 30 September, 2014 then it is not examinable in 2015
May I ask you to check the date on which it was approved?
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