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Are there questions in P7 regarding the current issues as in Paper P2 ?
I know it is worth knowing the current issues in audit but what I really want to know is, is it specifically examined or not ?Thank you.
Extract from the P7 syllabus guide:
“The final section covers current issues and developments relating to the provision of audit-related and assurance services.”
And in detail:
“4. Other current issues
a) Discuss current developments in auditing standards including the need for new and revised standards and evaluate their impact on the conduct of audits.
b) Discuss current developments in business practices, practice management and audit methodology and evaluate the potential impact on the conduct of an audit and audit quality
c) Discuss current developments in emerging technologies, including big data and the use of data analytics and the potential impact on the conduct of an audit and audit quality”
Clear enough?
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