A Day in the Life of Brent Dorsey Essay

In your opinion, which of Mike's alternative courses of action would provide the best outcome and why?

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?

2. In recommending this action, what would be your immediate objectives? What would be your longer range objectives?

3. Substantive tests procedures: The audit team should perform substantive tests on Smackey’s accounting transactions and

Budget controls are very time consuming, it is a process that requires a lot of time to understand and adopt into ASDA’s business plan. The time these employees invest into the budgeting process hinders them from carrying out their other assigned roles and responsibilities.

1. If I were Skip Grenoble, which alternative would you advise Ms. Shannon to implement? What criteria would you use to arrive at your decision?

3) Do you agree with what was done in the case regarding the problem? Why or why not?

Elder, A. A., Beasley, M., & Elder, R. J. (2014). Auditing and assurance services (15th ed.). Upper Saddle River, NJ: Pearson.

Brent has gained various talents while on his journey, and can use these talents to have a positive influence on anyone he meets.

Examine the various remedies possible in this case. In light of the strength of the various parties’ positions in the case, what remedy would you advocate, and why?

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.

3. What are the primary objectives an audit team hopes to accomplish by preparing a proper set of audit workpapers?

Budgets serve five main purposes; planning, facilitating communication and coordination, allocating resources, controlling profits and operations and evaluating performance and providing incentives. The budgeting process requires both technical and interpersonal leadership skills to achieve each of these purposes effectively. The director’s memo demonstrates several short comings in the budgeting process. The director instituted the “responsibility accounting system” as a means of evaluating performance. However, the DPW director has not consulted Sam in the budget process. Sam understands that his total expenditures are impacted by relatively unpredictable events that contribute to an uncontrollable element of his cost. The

Based on the development of the event, the possible scenarios are 1) The dispute is taken to the JV Committee and Ellen is expelled from the group, taking the blame of being the ineffective leader; 2) recruiting new consultants for the project who have the required qualification and skills to do the job; 3) Jack is replaced by other consultant from JVI with relative more experience in project management. 4) Ellen and Jack communicate the problem and find a way to compromise.

b) What is your evaluation of the position taken by Mr. Sullivan in his conference with the principal? In what way would you have acted differently if you had been the principal, during the conference with Mr. Sullivan?