The syllabus and study guide is designed to help with planning study and to provide detailed information on what could be assessed in any examination session.
Should you wish to practise as a registered auditor within the UK and/or Ireland (obtain the audit qualification/audit practising certificate), you must attempt the P2 UK/Irish and P7 UK/Irish papers from June 2011 onwards. This is not a retrospective ruling, so any International papers you have already passed will be unaffected by this ruling.
A schedule of differences between study guide and examinable documents for the:
- 2010 P7 International paper to 2011 P7 UK/IRL paper
- 2010 P7 UK/IRL paper to 2011 P7 UK/IRL paper
can be found below.
All UK and Irish professional accountancy bodies are governed by the requirements of the Statutory Audit Directive (SAD). In order to comply with the requirements of SAD – and to practise as an auditor – certain elements of UK/Irish legislation and regulation should be examined. The revised Papers P2 (UK/IRL) and P7 (UK/IRL) fully meet regulatory and business environment requirements for those wishing to obtain the UK/Irish audit qualification and hence practise as a registered auditor in the UK/Ireland.
All questions set in the UK auditing papers from June 2011 will be based on International Financial Reporting Standards.