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i have passed my p2 exam about a year back, and i wanted to ask if a general knowledge about the standards, and the treatment will do or one needs to be up to date with detailed knowledge about the standards?
Thanks.There is a requirement of maintaining the currency of your knowledge. You will need, when you have passed all the exams, to keep up to date with 40 hours CPD ( continuing professional development ) every year. Of these 40 hours, at least 21 should be certificated.
If you still have P7 to pass, clearly auditing is closely affected by IAS and IFRS. Even so, I don’t believe that it is as essential that you should hold the detailed knowledge which presumably you had for the P2 exam.
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