Chapter 6 - Threats and safeguards Flashcards
1
Q
What is a self interest threat?
A
When a financial or other interest will influence the accountants behavour
2
Q
What is a self review threat?
A
Occur when an accountant has to re-evaluate a judgement or data that they have made or produced
3
Q
What is a familiarity threat?
A
When there is a close or personal relationship, so the accountant becomes sympathetic to any potential ethical issues
4
Q
What is an intimidation threat?
A
When an accountant is deterred from acting objectively because of threats
5
Q
What are advocacy threats?
A
When an accountant promotes an opinion to the point where their objectivity can be compromised
