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Hi !
Actually umm having some prob. with p7 umm doing p7 on self basis I wanna knw which topics are important n how examiner set’s paper & one thing more is that is this necessary 2 quote standard number as ISA300 states this …….. or ISA 200 ………… , I hope u Pplz gonna help
Thans in advance.Hi,
I am not sure you need to quote the ISA numbers. My teacher never mentioned that.
According to him, important topics are Risk (audit, business, financial statement), a question about accounting standards like for example IAS 37 Provisions…., audit reports and going concern. Further he said that audits of consolidated statements could come up again.
Now, that’s only what nearly always comes up in some form, that doesnt mean that other areas arent going to be asked or that there will definitly be a question on these.
The examiner will not ask us to answer loads of small questions in Q1 and Q2. She will give us a scenario that mentions several problems and then will ask you simply to show “matters to consider”. She wants us to figure out on our own what we should refer to, there are hints in the scenario though.
Hope it helps a bit.
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