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what will be asked in clarity statement?
Does anyone has any practise Qs about this topic??
If yes,can we share together?i dont know what’s with the CLARITY PROJECT is it even examinable?? thats what u meant here rite IAASB CLARITY PROJECT!!
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I mean the new syllbus in Paper F8 Cla~ project.
It is said that this new area will be examed later from 6/2010.
But no one knows the Qs except our new examer.
LolCan somebody give some explanation to what it is as i’m re-sitting from Dec 09 and so have all the matrial from then, no idea what it is??!
Hi,
The Clarity project is simply changes in terminologies. For instance, weakness in internal control is now referred to as deficiencies in internal control. Audit report-Limitation of scope and Disagreement/Disclaimer are now referred to as simply a material or pervasive misstatement(i,e and “Excerpt for” or FS is not true and fair view.) . Check OP for further info on the changes mentioned in the Clarity project.P.S this changes are also illustrated in both BPP and Kaplan Exam Kit answers.
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