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need some advice on ACCA P2 UK/IRISH VS INTERNATIONAL

  • 20-06-2011 12:26AM
    #1
    rmflsdl
    Registered Users, Registered Users 2 Posts: 24 ✭


    Hi guys,

    I did P2 International variant this june rather than uk/irish.
    If anybody decides to work as an auditor in Ireland and UK after doing p2 international this june do they have to take P2 UK/IRISH and P7 UK/IRISH again? is this the only way of them working as an auditor in ireland and uk?
    Is there any way they can work as an auditor in Ireland and UK without taking p2 and p7 exams again?
    I heard that we just can't sign off the audit report.
    does it mean that we can have an audit job in ireland and UK?

    please give me some advice on that matter.


Comments

  • #2
    TiGeR KiNgS
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭TiGeR KiNgS


    yes, you must do uk/irl variant of P2 & P7 again to achieve auditor practising cert. Of course you can still do auditor 'work' like a trainee does.


    I expect this requirement will only be enforced for the short term by IAASA while the IFRSSME transition occurs, expected within a few of years.
    (this is only my thoughts btw)

    hope that helps


  • #3
    The CCAinsider
    Registered Users, Registered Users 2 Posts: 129 ✭✭The CCAinsider


    I think Tiger King is right, it would make no sense to require knowledge of a set of accouting standards that no longer exist after 2014 to become a statutory auditor. I expect this requirement to change in 2014. Also I would expect ACCA to offer a bolt on qualification to get Statutory Auditor status in the future for people in this circumstance.

    There are so few audits left, if you ever do go into practice, the chances are you will not be an auditor. there is more money in advisory / consultancy and audit is not exactly the most exciting career choice.

    Best to leave your options open if you are choosing P2/P7 ROI or Int now, but if you have done the exams don't lose any sleep.


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