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AAS or SA

CA JAY SHAH (Practicing Chartered Accountant ) (137 Points)

19 September 2010

hey guys in pcc nov 2010 exam we have to write auditing standard as AAS or SA

as both have different nos. so which one to study????? i know content r same only nos r differ, but still which one to study

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7 Replies

Sunshine (Helping All) (10575 Points)
Replied 19 September 2010

mentioning both will be more suitable.....i think even if we mention either of the 2 ,it will work..

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CA JAY SHAH (Practicing Chartered Accountant ) (137 Points)
Replied 19 September 2010

but if i study SA and if they ask AAS or reverse then wat???

as in last nov(2009) they bring circular mentioning that AAS change to SA, but then also they asked AAS in exam.

Joey Tribbiani (fdg) (2010 Points)
Replied 19 September 2010

i dont think ICAI will accept AAS as the announcement regarding applicability of auditing standards they stated them as SA,SRE,SAE,etc. So its better to answer according to new nomenclature. Also many of the new standards applicable to our attempt doesnt have corresponding AAS no. to them. But if ICAI decides to screw us then............

GOD SAVE US

Sunshine (Helping All) (10575 Points)
Replied 20 September 2010

better to learn both...u never know what ICAI is upto.............

Santosh (Student ( Final Year - New )) (348 Points)
Replied 20 September 2010

Originally posted by : sneha bagla
	better to learn both...u never know what ICAI is upto.............

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Hemant Tiwari (CA-PCC) (39 Points)
Replied 20 September 2010

as per the may 2010 attempt the institute ask abt AAS but this it feels dat they go wid SA...........

so better to prepare both.....

Max Payne (employed) (2574 Points)
Replied 20 September 2010

Yup learn both... you can get secure your marks by learning 80-90 additional words......

(perhaps without those 80-90 words, learning hundreds of sentences will be worthless in the examiner's view) Just studying the names can be done in 15 mins.. so dont ponder, GO!