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: U[E(Net Gain)] = Greed, hyper materialism, living beyond ones means, unexpected financial needs, poor credit, personal financial losses, risk taking, pride of hacking the system U (Cognitive dissonance) = the psychological cost of sacrificing integrity, ethics, loyalty to company, loyalty to co-workers and lying publicly, promotion perceived as deserved failed to come through U(Relieving pressure) = Childrens health, spouses demands, hidden vices, financial pressures (e.g., bankruptcy involves losing house and uprooting kids, ones business will fail and with it, control over destiny Four Phases of an Audit Plan and design audit approach Perform tests of controls and substantive tests of transactions Perform analytical procedures and tests of details of balances Complete the audit and issue an audit report PHASE 1 PHASE 2 PHASE 3 PHASE 4 Arens, Elder Beasley...
View Full Document
- Fall '08