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The exposure draft of the new framework is an examinable document as a current issue. Why is ACCA making amendments to the UK and Irish versions of Paper F7 and P2?

April 26, 2017acca DOCUMENT draft examinable exposure framework ISSUE

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The exposure draft of the new framework is an examinable document as a current issue. Why is ACCA making amendments to the UK and Irish versions of Paper F7 and P2?

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We are making changes to the UK and Irish versions of Paper F7 and P2 in order to meet the requirements of the Statutory Audit Directive, which governs all UK and Irish professional accountancy bodies. Effective from the June 2011 examination session, anyone wishing to practise as a registered auditor within the UK or Republic of Ireland will need to sit P2 UK/ROI, if they have not already passed P2 before this date. The revised Papers fully meet the regulatory and business environment requirements for those wishing to obtain the UK audit qualification. Although it is preferable that a candidate has studied F7 (UK), it isn’t imperative and the progression to P2 (UK) will not be any more difficult.