Skip to content

Ask the Tutor ACCA AA

self interest threat: client staff to audit firm

Former userFormer user4y ago

[Content removed at user request]

SSaher4y ago#1
it would be a self review threat right?
KimKimTutor4y ago#2
Audit firm -> audit client gives rise to self-interest, familiarity or intimidation. Audit client -> audit firm/ream may create self-interest, self-review and familiarity threats. This would be particularly true when a member of the audit team has to report on, for example, elements of the financial statements he had prepared while with the audit client.
Sign into reply to this topic.