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self review threat.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › self review threat.

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 18, 2021 at 6:10 pm #638339
    abokor
    Participant
    • Topics: 82
    • Replies: 114
    • ☆☆

    what are the save gauds to reduce self review threats caused by performing internal audit related to internal controls of the audit client.

    thanks.

    October 19, 2021 at 12:44 pm #638473
    Kim Smith
    Keymaster
    • Topics: 137
    • Replies: 8386
    • ☆☆☆☆☆

    If permitted (e.g. it is not permitted for listed audit clients if the internal audit services related to “a significant part of the internal controls over financial reporting”), the usual safeguards would be completely separate teams (for “audit” engagement and “internal audit” services) and an “appropriate reviewer” reviewing the audit work or service performed.

    October 19, 2021 at 3:35 pm #638500
    abokor
    Participant
    • Topics: 82
    • Replies: 114
    • ☆☆

    it is clear now, thanks Kim

    October 19, 2021 at 4:07 pm #638504
    Kim Smith
    Keymaster
    • Topics: 137
    • Replies: 8386
    • ☆☆☆☆☆

    You’re welcome!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘self review threat.’ is closed to new replies.

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