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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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 that the company required. The con is that Brent is giving his
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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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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 pull a minimum
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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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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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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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Prejudices in Our World Both Brent Staples in “Black Men and Public Places” and Judith Cofer in “The Myth of the Latin Woman: I Just Met a Girl Named Maria” seem to be illustrating the prejudices some people have. They both explain how the way they look gets them treated by others. Brent Staples‚ because he is black in perceived as a criminal; Judith Cofer is a Latina and is mistaken for a waitress. Both stories give numerous examples of prejudice. In addition‚ each writer has a larger purpose
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While surfing the web‚ I found out some very informative information about the life of Brent Staples. Brent Staples was an intelligent man‚ not just an ordinary man from Chester‚ Pennsylvania. He earned various degrees as different universities and colleges like a BA from Widener University in 1973‚ and a PhD from the University of Chicago in 1977. He was a professor of psychology at various universities in the states. Writing is one of Staples’ specialties and he has been a reporter at the Chicago
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yourself and see the struggles you have been through. one day realizing that your life is something you can’t play around with. So you set up goals that will inspire to be study and get out of trouble one of your goals is to get a college degree. also knowing that your family needs you to succeed. so you do good in school‚ get good grades and behave well. Even if temptation tries to guide you to the wrong path.You dream big knowing that one day your dreams will come true. One of those dreams is to become
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