P7 - Advanced Audit Question

conky_05

So the exam is Monday, not sure how to fee about it ! Worked on it all term and have a good general understanding of all; i.e. the theory and application of the ISA's and IAS's also. One thing is that I'm not sure if on the day I'll be able to recall what ISA, and IAS number is applicable. Anyone up here who has passed this exam and also not stated these in the exam ? Afraid I'd put the wrong one down !

crebel81

Hey

I sat this exam in June 2013. Like you, I had a fairly good grasp of the IAS's and ISA's. I did not know the correct name/number for each ISA or IAS but from what I know, very few marks would be giving for knowing these. I stand to be corrected on this by the way.

If you can state the name of the ISA and what it means/implies, I would say your good to go

I remember the very same question coming up at a lecture before and we were told that if you know it, all well and good. If not, nothing to be worried about!!

Lovbnmoma

Hiya! Im studying for p7 too. I think I have a good understanding but am a bit worried about taking the questions up the wrong way but hopefully it won't be too bad. Best of luck in it!

conky_05

Thanks guys makes me feel a bit better ! Good luck

Lovbnmoma

conky_05 wrote: »

Thanks guys makes me feel a bit better ! Good luck

How's the revision going today? Im just making notes to look over. Just bit worried bout q1 and not answering correctly as I just quickly looked over the likes of procedures.