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Tuesday, February 26, 2019

A Day in the Life of Brent Dorsey

1. What choices are visible(prenominal) to Brent in regards to the audit of payables? What are the pros and cons of each alternative? a. unity alternative that Brent go do is ask the accountant from northwestward Steel Producers to snap the needed invoices and have them ready in a reasonable cartridge holder 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 amount and take the change of being caught.The pros of this would be that Brent would be able to make love the accounts payable a wee sooner but the cons would be that the audit would not be complete and the audit report could have the possibility of not be accurate. I would not recommend this alternative. c. Brent could audit all the payables as undeniable and follow the AIcertified public accountant regulations. The pros would be that Brent has not violated any regula tions and would take note his job and maintained his honorable responsibilities. The cons would be that Brent would have to realize harder and spend more time working and less time with his wife. . What consequences for Brent, the auditing firm, and others relate, may arise from eating time, as Scott suggested? Similarly, what consequences for Brent, the auditing firm, and others involved, may arise from not end audit procedures, as Megan suggested? The consequences from eating time as Scott suggested would cause issue reports to be incorrect and also would suggest that in the future the CPA firm could possibly perform the audit on a tighter plan next year.Now if Brent was to follow Megans suggestion the auditing firm would not be providing the audit review that is expected and the audit report would be considered incomplete. 3. In your opinion, which of Brents alternative courses of action would provide the exceed outcome and why? What should Brent do? How would you handle the ethical issues involved in this situation? I feel that Brents alternative course of action of calling it a night now and expiry home and spending time with his wife then getting up early in the morning and going at it again would be the best choice of action based on the alternatives that have been presented.The ethical issues involved in this situation is to not perform the audit to a lower place expectations because he is unhappy on the choices he has been given and the choice that has been made. 4. What could privy Peters and the other auditors do to better handle the demands of career and family life? rump Peters and the other auditors could hire some other associates to provide assistance in the audits which would relieve some of the demands of career and leave more time with family life.

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