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Hi, do we still get marks if exact IAS or ISA number was not quoted in the exam? The answer to past year questions quoted the title of IAS or ISA.
Thanks.
There is always a mark for relevant quote of a standard. But you must be very sure of the wording of the standard. For Example IAS 16 Property Plant and Equipment. If you don’t quote the exact number of the IAS, IFRS, ISA definitely you loose some marks. There is always half a mark for the quotation of a relevant standard. So for Example if you have like 12 Standards in the scenario then there are 6 Marks for quote of relevant standard.
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