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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Threats
Hi sir,
What are the scenarios/examples
That there are no safegurads which could be sufficient to reduce the threat to an acceptable level.
Is it only if the matter is significant we should conclude this?
See the rulebook for the conceptual framework approach (100.6-100.9).
“Prohibitions” (e.g. a member of the audit team cannot hold a direct financial interest in an audit client) mean that there is no “acceptable level” for such a threat – it has to be eliminated. (Safeguards are irrelevant.)
Hi sir
I checked the part mentioned in rulebook
Its talking about the matter in general and not listing examples/senario
Could u plz list examples/senarios (other than having fin interest in comp)
Thanks v much
Please see Chapter 4 of OpenTuition’s lecture notes for those most relevant to the exam.