AAAQuestion 3bii - June 2016 (AAA-int)

If you read the answer it is clear that there is credit for comment on lack of evidence - but it would be premature to comment on reporting implication when there is still "further action" to be taken as prompted by the requirement. PLEASE use the ask the tutor forum if you want a tutor response.

Hello Mr. Smith. Is it important to quote the relevant standards (ISA, IAS and IFRS) when answering questions in AAA? Also, is it how it is done in practice? Thanks Sir.

Short answer NO - please see these two related posts: https://opentuition.com/topic/citing-isa-in-the-exam https://opentuition.com/topic/isa-14 PLEASE remember to use the Ask the tutor forum for a tutor response. In practice, audit manuals will reference ISAs as the authority for a firm's procedures - just as an IFRS disclosure checklist will reference relevant IFRSs as the authority for required disclosures.

Ok sir thank you. I will do that next time.