Case 3.1 A Day in the Life of Brent Dorsey 1. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative? * Skip audit steps Pro: Skipping audit steps will allow Brent to complete the work in less time‚ allowing him to come in under budget Con: Skipping audit steps can lead to inaccurate audit decisions. Misstatements could go unnoticed leading to an inaccurate audit opinion. This alternative also raises a serious ethical
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Case 3.1 Hiu Kai Shiu Acc 419 1. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative? Ans: For now Brent only have 3 choices‚ one is working at the normal pace‚ the pro for this choice is the work he done will be more accurate‚ but the con for this choice will be they out of the budget. The next choice is “eating time”‚ like use his own time to finish the job. The pro to this choice is that Brent does all the work
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Answers to the Case of A Day in the Life of Brent Dorsey Question 2: The consequences for Brent‚ the auditing firm‚ and others involved that may arise from “eating time‚” as suggested by Scott. “Eating time” can lead to inaccurate budgeting for future audits. Managers in preparing the budget for an audit‚ often use prior years’ audits as a guide. Managers will see that the job was completed in a shorter time in previous years and this will prompt them to prepare next year’s budget based
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Case 3.1 1. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative? a. One alternative that Brent go do is ask the accountant from Northwest Steel Producers to pull the needed invoices and have them ready in a reasonable time period for review. By doing this it would save Brent time from searching for specific invoices and leave him more time to focus on other audit issues. b. Brent could do as subjected and only
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Case 3.1 – A Day in the Life of Brent Dorsey‚ Staff Auditor Professional Pressures 1. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative? - Brent could refuse to work the extra hours – Pros: Brent will improve his strained relationship with his wife and remain morally correct by not reporting dishonest working hours on the engagement. Cons: Brent could cause the engagement to come in over budget‚ which will make John
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A Day in the Life of Brent Dorsey Staff Auditor Professional Pressures 1. The alternatives available to Brent in regards to the audit of payables are: a. Change the audit plan and only pull 20 invoices opposed to the allotted 30. i. Pros – they may be able to come in on or under budget ii. Cons – they could miss something‚ and get in serious trouble for not following procedure b. Work more hours then the allotted time but report only 35 hours “eat time”
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STUDENT APPLICATION FORM FOR UNDERGRADUATE PROGRAMME FOREIGN STUDENT (NON MALAYSIAN CITIZEN) Affix Passport-sized Photo HOW TO COMPLETE THIS APPLICATION FORM 1 Please use black or blue ink pen only and write clearly using CAPITAL letters only. All section must be completed. Please indicate as NA for section that not applicable. 2 Enclose one set of supporting documents that have been certified by recognised authorities‚ e.g. original issuing body. Supporting documents will NOT be returned
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The Brent Spar Case [1] What is the key learning’s from this Incident? List at least 5 and explain your reasons? -In February 1995‚ the British Government approved a proposal by Shell UK for deep sea disposal of the 14‚500 tone‚ 463ft Brent Spar oil storage and loading buoy in the north Atlantic. There followed a sustained‚ highly publicized campaign by Greenpeace‚ backed by European governments and public‚ which included occupation of the oil platform by Greenpeace activists. The incident proved
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LABORATORY REPORT Activity: Blood Glucose Regulation Name: Brent Goo Instructor: Thomas Redenbaugh Date: 12.23.2014 Predictions Plasma glucose levels will be highest 1-3 hours after the meal Plasma ketone levels will be highest before the meal (fasting) Plasma insulin levels will be highest immediately after the meal (0 hr) Plasma glucagon levels will be highest 1-3 hours after the meal Materials and Methods Dependent Variable plasma levels of glucose‚ ketones‚ insulin‚ and glucagon Independent
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Dau diet an Three Day Diet Analysis Takeitha Jones SCI/241 May 17‚2012 Linda Mottison Staying healthy is a hard thing to do‚ especially when you do not really have the time or motivation to pay attention to what you eat. I have a habit of buying and eating a lot of frozen foods‚ which includes frozen pizzas‚ beer battered fish filets‚ macaroni and cheese‚ and garlic bread. I also cook some boxed dinners like hamburger or tuna helper to save time on cooking. In my daily diet there
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