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threats

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › threats

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • April 24, 2017 at 11:42 am #383329
    amawesome2
    Participant
    • Topics: 85
    • Replies: 24
    • ☆☆

    While studying ethical threats to auditor objectivity in auditing i see a safeguard mentioned for a particular threat as review by an independent professional accountant. Is the professional accountant from the audit firm or an external profession accountant?

    Thnks in advance!!

    April 24, 2017 at 3:55 pm #383402
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    When you’re a sole practitioner with just one or two junior staff … how are you going to get an independent professional accountant to review your work from within the firm?

    Ok for the big 4 – they can bring in quality control partners from different offices – probably different countries

    But for we lesser mortals, an independent professional reviewer is most likely going to be sourced from outside the firm

    OK?

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