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How important are the auditing standards ?

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › How important are the auditing standards ?

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by oneel11.
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  • February 11, 2018 at 1:04 pm #436404
    oneel11
    Member
    • Topics: 5
    • Replies: 34
    • ☆

    Do I need to know all the auditing standards to be able to do the P7 exam ? The past papers only seems to test our knowledge in accounting standards, but not much for auditing standards.

    March 4, 2018 at 2:20 pm #440087
    arvind111
    Member
    • Topics: 0
    • Replies: 14
    • ☆

    Massivelyy important – the better you know them, more likely you are to pass

    March 6, 2018 at 7:00 am #440521
    oneel11
    Member
    • Topics: 5
    • Replies: 34
    • ☆

    After practicing the past papers and attempting the exam, I don’t think auditing standards are ‘massively’ important. Its good to know them, but not essential to pass.

    Accounting Standards are the ones which are ‘massively’ important.

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