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hi,
Regarding P7 exam, i have got few quarries .Can anyone please help me.
1.Do i need to show my answer plan on answer booklet does it give me any benefit of getting some credit or i can do it on question paper?
2.Material by nature like going concern belong to which category while forming an opinion,I mean what will be the wording for giving an opinion in material by nature.
Many thanks.hi
1)- You will not have time to write your answer plan on your exam booklet, other than that it is not required and will benefit you getting any extra marks.
2)- If only material misstatement than qualified “except for” opinion on the grounds of dissagreement of accounting treatment. Related parties are often good example to understand materiality by nature. Honestly you need to be clear of what you want to know.
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