IFRS and AUD

  • Creator
    Topic
  • #161378
    Anonymous
    Inactive

    In the CSO it says:

    The auditor must demonstrate an overall awareness of:

    1.The role of the International Auditing and Assurance Board (IAASB) in establishing International Standards on Auditing (ISAs).

    2.The differences between ISAs and U.S. Auditing Standards.

    3.The role of International Ethics Standards Board for Accountants (IESBA) in establishing requirements for the Code of Ethics for Professional Accountants of the International Federation of Accountants (IFAC).

    4.An understanding of AICPA Codification of Statements on Auditing Standards, AU Appendix B, Analysis of International Standards on Auditing.

    I’m using Wiley and Gleim, and I haven’t see anything on this stuff.

    Are the other courses like Becker covering it in more detail?

    For those that took AUD, should we be overly concerned about this?

Viewing 2 replies - 1 through 2 (of 2 total)
  • Author
    Replies
  • #293145

    I wouldn't sweat the IFRS stuff TBH. You probably will not have many IFRS questions since this is the first full year of IFRS testing. The questions you do get will likely be pre-test/non-graded questions… Just have a general understanding of how IFRS auditing is different from GAAS auditing… If nothing else, just make your best guess on the test and you should be fine if you're strong in all the other GAAS areas.

    AUD - 85
    FAR - 78 (lol@ FAR Sims)
    REG - 85
    BEC - August

    #293146
    anonymous
    Participant

    Wiley has some tables in the auditing textbook — check that out

    REG -- October 3!!
    FAR -- Pass
    BEC -- Pass
    AUD -- Pass

Viewing 2 replies - 1 through 2 (of 2 total)
  • The topic ‘IFRS and AUD’ is closed to new replies.