From December 2007, is it true that ACCA will follow other accountancy bodies by offering only accounting and auditing papers based on international reporting standards?
No. ACCA is a global professional accountancy body and it recognises that its students, affiliates and members operate in many different countries and employment sectors and international reporting standards may not always be the most appropriate to follow. ACCA will therefore continue to offer students based in Hong Kong, Ireland Malaysia, Singapore and the UK the opportunity to take accounting and auditing papers which have been adapted for national accountancy practices. Students in these countries have the option of taking the following papers based on either international standards or national adapted standards: F3, Financial Accounting F7, Financial Reporting F8, Audit and Assurance P2, Corporate Reporting P7, Advanced Audit and Assurance.
Related Questions
- From December 2007, is it true that ACCA will follow other accountancy bodies by offering only accounting and auditing papers based on international reporting standards?
- How many computer-based exams (CBE) are available within the ACCA, Certified Accounting Technician and Foundations in Accountancy qualifications?
- ACCA formed mutual recognition agreements with any other accountancy bodies?
