Self-review threat
A self-review threat arises when a professional accountant may not appropriately evaluate a previous judgement or work performed by the accountant or the firm on which the current engagement relies. The risk can arise when an auditor is asked to audit information the firm helped prepare.
Worked example
An audit firm prepares an accounting estimate for a client and then assigns the same personnel to audit it.
Common mistake
A separate team is not automatically sufficient where an applicable independence rule prohibits the service.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |