A great issue was brought up in the comments on an earlier post – Do you need to be concerned about outdated standards in older cases? The answer is yes, you should be aware.
This is particularly applicable to tax which changes on a yearly basis but it’s also worth noting that IFRS/ASPE are still sort-of new in Canada. Prior to 2011 Canada still used Canadian GAAP and GAAS which were more internationalized in 2011. This means that older simulations (particularly 2009 and 2010) could reference outdated treatment or outdated standards in the solutions.
The good news is that a “consortium made up of members from each of the four provincial CA professional programs” reissued of the previous years UFE simulations and solutions so be sure to grab those off of the candidates portals of your Institutes if you’ll be going back that far. I should have mentioned this before.
Aside from this major change in standards, the UFE reports are not updated when tax rates or accounting/audit standards change over time so it’s up to you to recognize when somethings out of date. Before you start worrying needlessly, the good news is that this is not something you need to worry about a lot since most of the standards examined are stable. If you wrote SOA, it was the exact same situation.
On a related note, for 2013, your institute should have made you aware of the technical update which can be found here if you’ve forgotten about it which talks about changes from the published version of the Competency Map.