Management self-assessment
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SEC & PCAOB > PCAOB > Auditing Standard No. 2 > Management Self Assessment of Controls
Source:
PCAOB Release 2004-001
March 9, 2004
Page A–55 – Standard
Management self-assessment of controls. As described in paragraph 40,
management may test the operating effectiveness of controls using a selfassessment process. Because such an assessment is made by the same
personnel who are responsible for performing the control, the individuals
performing the self-assessment do not have sufficient objectivity as it
relates to the subject matter. Therefore, the auditor should not use their
work.
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