Accounting Case Discussion (Pre-class Homework)
Write your answers in FULL sentences for #3-6.
1. What is your name?
2. What is your section?
3. What alternatives are available to Brent in regards to the audit of payables? What are the pros and cons of each alternative?
4. What consequences for Brent, the auditing firm, and others involved, may arise out of "eating time," as Scott suggested? Similarly, what consequences for Brent, the auditing firm, and others involved, may arise out of not completing audit procedures, as Megan suggested?
5. In your opinion, which of Brent's alternative courses of action would provide the best outcome and why? What should Brent do? How would you handle the ethical issues involved in this situation?
6. What could John Peters and the other auditors do to better handle the demands of career and family life?
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