- This topic has 3 replies, 2 voices, and was last updated 4 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Hello Tutor,
A professional accountant in public practice shall not assume custody of client monies or other assets? Is that correct?
Thank you.
Correct – because of self-interest threat – unless permitted by law.
If permitted by law, there must be safeguards – e.g. client monies must be kept in separate accounts. However, this is not examinable in ACCA.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.