This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: © W.R. Knechel Value of an Audit Enhancing Information Reliability Audit Value = P(Reporting MM|Detected MM) * P(Detecting MM|MM)>0 ethics, independence, integrity competence, work effort © W.R. Knechel Auditor Responsibilities Errors and Unintentional Misstatements Fraudulent Misstatements Fraudulent Financial Reporting Misappropriation of Assets Illegal Acts...
View Full Document
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.
- Fall '08