• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

PPE Substantive Procedures

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › PPE Substantive Procedures

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 31, 2018 at 11:38 pm #455178
    delamanisp
    Member
    • Topics: 9
    • Replies: 48
    • ☆☆

    Hi everyone,

    I have a question regarding the substantive procedures for PPE and non-current assets in general.

    I understand that assessing if the revaluation of an asset was made in accordance with IAS 16 is a substantive procedure to ensure that the valuation was done properly. The question I want to ask is if the same thing can be stated regarding compliance with IAS 36 – Impairment of Assets.

    Would an assessment of Impairment on Assets based on IAS 36 consist a substantive procedure? I believe that if not assessed, this could give a false figure in terms of the valuation of the assets.

    Can someone please advise?

    Thank you very much.

    June 1, 2018 at 7:20 am #455225
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8315
    • ☆☆☆☆☆

    The accounting knowledge that is assumed for Paper F8 is the same as that examined in Paper F3. Therefore, candidates studying for Paper F8 should refer to the Accounting Standards listed under Paper F3.

    https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f8/examinable%20documents/f8-p7-int-2017-18-examdocs.pdf

    The audit of impaired PPE is therefore not examinable in F8.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Abdjr11 on Financial management objectives – ACCA Financial Management (FM)
  • John Moffat on FA Chapter 6 Questions Depreciation
  • Masterodad on FA Chapter 6 Questions Depreciation
  • natashad25 on MA Chapter 3 Questions Presenting Information
  • Rachaelosa on PPE – Financial Statements and PPE – ACCA Financial Reporting (FR)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in