- This topic has 3 replies, 2 voices, and was last updated 2 years ago by
Kim Smith.
Kim Smith.Viewing 4 posts - 1 through 4 (of 4 total)
-
Posts
-
eoghandooher
- Topics: 1
- Replies: 1
- ☆
Do I need to reference ISA standards by number ie: ISA 16 Revaluation or is knowing procedure enough to get the mark?
Kim Smith
- Topics: 91
- Replies: 6226
- ☆☆☆☆☆
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 …”
eoghandooher
- Topics: 1
- Replies: 1
- ☆
Thank you very much!
Kim Smith
- Topics: 91
- Replies: 6226
- ☆☆☆☆☆
You are welcome!
eoghandooher
Kim SmithViewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.