• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Mumbai Co

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Mumbai Co

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 11, 2020 at 12:04 pm #570547
    toushiga
    Participant
    • Topics: 424
    • Replies: 172
    • ☆☆☆☆

    Sir,for PYQ Mar/June 2016 Q4(b) “Review of internal control”

    Why design , implementation and maintenance of internal control(mgt responsibilities) by the auditor, the self-interest and familiarity threat would arise?
    Thank you.

    May 11, 2020 at 1:44 pm #570555
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8312
    • ☆☆☆☆☆

    Because the audit firm could be considered to be aligning its views and interests to those of management.

    May 12, 2020 at 10:07 am #570611
    toushiga
    Participant
    • Topics: 424
    • Replies: 172
    • ☆☆☆☆

    Can give an example for self-interest threat arise in this case? still not clear about it

    Thank you.

    May 12, 2020 at 3:37 pm #570639
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8312
    • ☆☆☆☆☆

    Per the code:

    Definition: Self-interest threat – the threat that a financial or other interest will inappropriately influence the professional accountant’s judgment or behavior.

    For example, deciding which recommendations of the firm to implement will create self-review and self-interest threats.

    If the auditor was allowed to implement internal controls it might choose the easiest or the cheapest or whatever is management’s preference – however unconscious, the auditor would be influenced.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Hamza101 on Sub-leases – ACCA (SBR) lectures
  • AdityaSairam on Overcapitalisation and Overtrading – ACCA Financial Management (FM)
  • verweijlisa on Financial performance – Example 2 – ACCA Financial Reporting (FR)
  • John Moffat on Linear Programming – Spare capacity and Shadow prices – ACCA Performance Management (PM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in