ISA

Remember ISA is Auditing - IAS is Accounting. See here re ISAs - https://opentuition.com/topic/isa-11/ Re IAS/IFRS - Where relevant to AA you will get the same marks for knowing the correct accounting treatment regardless of whether you quote a reference. That said - you are more likely to impress a marker for referencing a correct source. Note that "The IAS that deals with revaluation states that revaluations must be carried out ... " does NOT impress the marker. So simply state "Revaluations must be carried out ..."

Thank you very much!

You are welcome!