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GENERAL QUESTION Classify the following threats for accountants in Business: A. Self-interest threats B. Self-review threats C. Advocacy threats D. Familiarity threats E. Intimidation threats
GENERAL QUESTION Classify the following threats for accountants in Business: A. Self-interest threats B. Self-review threats C. Advocacy threats D. Familiarity threats E. Intimidation threats Category No Threats 1 Member in business in a position to influence financial or non-financial reporting issues because of their relationship with someone in a position to benefit from that influence 2 Use the power to get Financial interests, loans or guarantees 3 Business decisions or data being subject to review and justification by the same member in business that was responsible for making the decision or preparing the data 4 Do work because of Incentive compensation arrangements 5 Inappropriate personal use of corporate assets 6 Promotion of the organisations position should not present a threat provided the statements are not false nor misleading 7 Long association with business contacts influencing business decision 8 Threats of dismissal or replacement over disagreement about application of an accounting principle or standard 9 Concern over employment security 10 Commercial pressure for outside the employing organisation
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