Audit Cases
Professional and ethical issues c a S eS inc lu de d in t hiS Se ction
3
. . . . . . . . . . . . . . . .
3.1 A Day in the Life of Brent Dorsey
Staff Auditor Professional Pressures
59 63 65 71 79
3.2 Nathan Johnson’s Rental Car Reimbursement
Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do
. . . . . .
3.3 The Anonymous Caller 3.4 WorldCom
The Story of a Whistleblower
. . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.5 Hollinger International
. . . . . . . . . . . . . . . . . . . . . . .
Realities of Audit-Related Litigation
instructor resource Manual — do not coPy or redistribute
instructor resource Manual — do not coPy or redistribute
a day in the life of brent dorsey staff auditor Professional Pressures inS tr uc t ional o b je c t ive S
[1] [2]
c a s e
3.1
Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt
To illustrate some of the pressures new professionals sometimes face in the workplace. To help students consider alternatives in dealing professionally and tactfully with difficult workplace issues.
[3] [4]
To raise the specific issues of budget pressure, eating time, and premature sign-off. To initiate discussion and thought about balancing professional and personal demands.
KEY FACTS
Brent Dorsey is a relatively new staff auditor, working on the audit of Northwest Steel Producers. His senior, John Peters, is under consideration for promotion to manager, and feels a great deal of pressure to finish the Northwest Steel audit within budget. He is pressuring his staff auditors, Brent, Scott, and Megan, to work over the weekend and to meet some impossible time budgets. Brent has been assigned to work on payables with Scott. He receives advice from Scott and Megan that eating time and premature sign-off are viable ways to deal with budget
3
. . . . . . . . . . . . . . . .
3.1 A Day in the Life of Brent Dorsey
Staff Auditor Professional Pressures
59 63 65 71 79
3.2 Nathan Johnson’s Rental Car Reimbursement
Solving Ethical Dilemmas–Should He Pocket the Cash? Recognizing It’s a Fraud and Evaluating What to Do
. . . . . .
3.3 The Anonymous Caller 3.4 WorldCom
The Story of a Whistleblower
. . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.5 Hollinger International
. . . . . . . . . . . . . . . . . . . . . . .
Realities of Audit-Related Litigation
instructor resource Manual — do not coPy or redistribute
instructor resource Manual — do not coPy or redistribute
a day in the life of brent dorsey staff auditor Professional Pressures inS tr uc t ional o b je c t ive S
[1] [2]
c a s e
3.1
Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt
To illustrate some of the pressures new professionals sometimes face in the workplace. To help students consider alternatives in dealing professionally and tactfully with difficult workplace issues.
[3] [4]
To raise the specific issues of budget pressure, eating time, and premature sign-off. To initiate discussion and thought about balancing professional and personal demands.
KEY FACTS
Brent Dorsey is a relatively new staff auditor, working on the audit of Northwest Steel Producers. His senior, John Peters, is under consideration for promotion to manager, and feels a great deal of pressure to finish the Northwest Steel audit within budget. He is pressuring his staff auditors, Brent, Scott, and Megan, to work over the weekend and to meet some impossible time budgets. Brent has been assigned to work on payables with Scott. He receives advice from Scott and Megan that eating time and premature sign-off are viable ways to deal with budget