Chap 1 Notes_Part_8

Chap 1 Notes_Part_8 - Integrity In looking for someone to...

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Analysis of an Audit Failure Audit Value = P(Reporting MM|Detected MM) * P(Detecting MM|MM)>0 ethics, independence, integrity competence, work effort Competence + work effort -> truth Truth + Integrity -> reporting the truth competence + work effort + integrity -> appropriate opinion Ignorance or lack of effort or biased -> inappropriate opinion
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Unformatted text preview: Integrity In looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity, because if they dont have that, the other two qualities, intelligence and energy, are going to kill you. Warren Buffet Dress Code...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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Chap 1 Notes_Part_8 - Integrity In looking for someone to...

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