Chap 1 Notes_Part_6

Chap 1 Notes_Part_6 - Avoid: Do not provide resources...

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Causes of Information Risk Error: Intentional: Biases and Motives of Provider, Unintentional: Inaccuracy of information Difficulty obtaining and evaluating: Amount of data Difficulty obtain it Complexity Irrelevant information Incomplete information (sensitive, surpressed)
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Managing Information Risk Accept: Demand a higher return
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Unformatted text preview: Avoid: Do not provide resources Reduce: User Verifies Information Insure: User Shares Information Risk with Management Reduce: Information is Audited Economic Demand for Auditing Management Resource providers Opinion Resources Return Audit Committee Stockholders Financial Statements CPA...
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Chap 1 Notes_Part_6 - Avoid: Do not provide resources...

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