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I have passed P1 and I am now waiting for my F9 results to come out as I skipped it in the past and went straight to P1 after passing F8 under the impression that P1 and F8 were similar papers.. which they weren’t. But anyway, for my December sitting I already booked to sit for P3 and was considering taking another paper with it to speed things up. I’m torn between whether it would be best to take P7 or P2, knowing I had no problem passing F8 and F7 in the past. My only concern is would P7 be much harder to pass without getting through P2 or is it irrelevant? I work as an external auditor but I have heard that P7 would require greater knowledge of the IASs which can be obtained through P2.
I’m good at things like audit procedures etc etc but I’m not sure about how deep my understanding for IASs needs to be for me to be able to pass P7. Please advice me so I can start studying accordingly.
I would always recommend doing P2 before P7, but as you say you are an external auditor so you may be ok with P7, but for P7 you will need an understanding of the ISAs, which you will learn as part of your P2 studies, so again probably best to study for P2 before P7.
Just my advice.
ISAs in P2? Okay thank you for your input.. I’ve been looking at P7 forums and I’m a little bit hesitant now about getting ahead of myself and jumping into something I genuinely want to be good at. Besides the risk of failing on something that I do every single day will have a great demotivational impact on my studies. It may be best to go for P2.
IASs in P2 (i.e. the accounting standards), not ISAs.