Management self-assessment  
SEC & PCAOB > PCAOB > Auditing Standard No. 2 > Management Self Assessment of Controls

PCAOB Release 2004-001
March 9, 2004
Page A55 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.