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If an accounting standard is not listed in Chapter 14 of the AAA Course Notes, may I ignore revising the unlisted standards?
Thank you kindly
The list in Chapter 14 should be comprehensive – but please tell me what standard(s) you are thinking of so I can confirm no omission.
Not much, just IFRS 1(First time adoption, IAS 34(Interim financial reporting), and Small and Medium sized entities.
In Chapter 14 we map relevant accounting standards to the list of topics in D3a “Design appropriate audit procedures relating to ….”
Knowledge of IAS 34 would be relevant to a review engagement on interim financial statements for a listed entity (Chapter 26).
In the absence of any LOs in the AAA syllabus referencing first-time adoption or SMEs it is unlikely that AAA would require details of either IFRS 1 or the IFRS for SMEs Standard.