John Mullin Audit 5610 Case 6.7 9/25/12 Hamilton Wong‚ In-Charge Accountant 1. If I were placed in Hamilton Wong’s position I would report all of my time worked during the audit of Wille & Lomax. This practice of “eating time” is unethical. While most accounting firms probably feel this type of practice is unacceptable‚ it still happens. If you don’t report all your worked time‚ how does the firm bill their clients properly? What about future audits for the same company? If underreporting
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1. Place yourself in Hamilton Wong’s position. Would you report all of your time worked on the Wille & Lomax audit? Why or why not? Do you believe that Lauren Hutchinson behaved unethically by underreporting the time she worked on that engagement? Defend your answer. If I was in Hamilton Wong’s position‚ I think I would report all of the time I spent working on the Wille & Lomas audit‚ even if it exceeded the budget. As an accountant‚ my ethical responsibility is to be honest and have integrity
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1. If I were in Hamilton Wong’s position‚ I would feel compelled to report every single one of my hours worked on the Willie & Loman audit. The practice of underreporting your hours or “eating time” as Wong called it‚ is highly unethical and can lead to many future problems in the workplace. Although it is something that commonly takes place‚ that does not mean it is any less unethical to do. The problems that you run into by doing this mostly involve future audits. The first problem is not being
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Sean Budhrani Place yourself in Hamilton Wong’s position. Would you report all of your time worked on the Willie & Lomax audit? Why or why not? Do you believe that Lauren Hutchinson behaved unethically by underreporting the time she worked on that engagement? Defend your answer. Hamilton Wong is currently in a very delicate situation and has an ethical dilemma in front of him. Using the steps to resolving ethical dilemmas‚ Wong must obtain the relevant facts‚ identify the ethical issues from the
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After watching the Harry Wong video‚ Mr. Wong addressed the many aspects that come together in order to make an effective teacher. There are many things that make an effective teacher. For example in the video Harry Wong addressed that an effective teacher assigns seats. Another thing that makes and effective teacher is that effective teachers memorize the names of his/her students as soon as possible or they have a list of the names of the students at hand. Harry Wong also talked about the fact
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After Susan Wong graduated from State University with a degree in Operations Research‚ she went to work for a computer systems development firm in the Washington‚ D.C.‚ area. As a student at State‚ Susan paid her normal monthly living expenses for apartment rent‚ food‚ and entertainment out of a bank account set up by her parents. Each month they would deposit a specific amount of cash into Susan’s account. Her parents also paid her gas‚ telephone‚ and bank credit card bills‚ which were sent directly
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How to be a good accountant When someone asked me what you want to do when you grow up‚ I will always answer "scientists"‚ but what is that‚ what to do‚ I have no idea. When I went to middle high school‚ I believed that a wide range of scientists‚ I need to have a specific selection‚ so I wanted to do a lot of career‚ such as journalists‚ actors‚ astronauts‚ and so on. I thought about everything‚ but I feel that it is not possible to achieve‚ my future is still very long. I also have lots of
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knowledge and question technique when tackling a question on ethics. The IESBA Code IESBA’s (IFAC’s) Code of Ethics for Professional Accountants provides a conceptual framework that requires a professional accountant to identify‚ evaluate‚ and address threats to compliance with the fundamental principles. The conceptual framework approach should assist professional accountants to comply with the ethical requirements of the IESBA Code‚ and to serve the public interest. Guidance is provided in several areas:
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In “The Struggle to be an All American Girl” by Elizabeth Wong‚ Elizabeth Wong wanted to assimilate and embrace American culture. However‚ her mother forced her to learn about the Chinese language. She had to go to Chinese school which‚ for her‚ was such a dreaded place that she would kick and scream that she didn’t want to go. She hated almost everything about the school. The auditorium had a stench of old Chinese medicine that was putrescent compared to the sweet smell of her American teacher’s
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accounting as my career. Accounting require you to be careful because the accountants always work directly with the numbers and accounting books. They are important documents before the law‚ they show the financial situation of the company and accountants are persons who do them. Many jobs permit you have the mistakes‚ you can repair them but accounting is never. If you have a mistake‚ you can’t undo it. Accountants are honest persons and good at accounting knowledge. They usually work with
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