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Kim Smith.
Kim Smith.-
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suf23
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Dear Tutor,
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
Kim Smith
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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.
suf23
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Not much, just IFRS 1(First time adoption, IAS 34(Interim financial reporting), and Small and Medium sized entities.
Kim Smith
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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.
Kim Smith- You must be logged in to reply to this topic.