The SBR syllabus contains very specific guidance about what the examining team considers to be the current issues. Whilst there will be material included in the Approved Content Provider texts relating to these current issues, candidates are encouraged to read widely around these issues. For example, candidates should read journals and periodicals and look at the websites of the International Accounting Standards Board and the 'Big 4' accounting firms (KPMG, PwC, Deloitte, Ernst & Young).
Look out for major issues for users and preparers of financial statements.
Current issues are normally covered by an essay question and therefore if a new accounting standard has been issued then candidates should know the key implications.
If there has been an issue about an accounting standard and an exposure draft or a discussion paper has been issued, then that could be a topic for a question.
Bear in mind that current issues questions do not always deal with specific new standards, or exposure drafts, these questions can also examine any criticisms of existing standards.