Addressing Threat Flashcards
1
Q
Methods for addressing threat
A
Here are the smart notes:
Addressing Unacceptable Threats
Requirement to Address Threats
If a chartered accountant determines that identified threats are not at an acceptable level, they must address the threats.
Methods for Addressing Threats
Chartered accountants can address threats by:
(a) Eliminating the circumstances creating the threats.
(b) Applying available safeguards to reduce threats to an acceptable level.
(c) Declining or ending the specific professional activity.
