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In kaplan text many different kind of self review threat and safeguards to it and a very common safeguard in all of there self review threat is use different people in providing service and use different people for carraying out the audit engagements
When providing such(non audit) services, the firm should use professionals who are not audit team members to perform the service, and a reviewer who was not involved in providing the service
to review the audit work or service performed.- SAFEGUARDSSo is it ok if for all self review threats if u write the above safeguard will you get marks?
I positively DISCOURAGE “rote-learning” of answer points – AA is NOT a “theory” paper. You won’t credit for any answer that do not apply knowledge to the given scenario – i.e. showing understanding. By all means have the “idea” that involving someone else in the performance of NAS OR review (of the NAS work and/OR how it affects the audit work, if at all) MAY be suitable safeguards – but NAS is so wide that at one end of the spectrum the threat may be INSIGNIFICANT (so NO safeguard needed) or threat may be SO SIGNIFICANT that NO safeguard(s) would reduce the threat to an acceptable level – in which case the NAS should be declined (most likely – rather than withdraw from the audit).
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