case 3.1 - 1. What alternatives are available to Brent in...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. What alternatives are available to Brent in regards to the audit of the payables? a. Cut the number of invoices from 30 to 20 in order to save time. i. Pros- Brent and Scott would be able to audit the payables in the allotted 35 hours. This would allow both of them to enjoy their personal time with their family for the weekend and maintain their work-life balance. John would be happy because he would have succeeded in his goal to finish the audit early. ii. Cons- Brent and Scott could e fired for not following the procedures they were given. they have made the company liable for any fraudulent reporting that Northwest could have made in their accounts payable. b. Eat the time, which is to work as many hours as needed to audit the payables correctly, then report 35 hours. i. Pros- John would be happy because they would come in under budget. This would help them in a performance review if everyone thinks they were able to do the audit of payables in less time then was budgeted and less time than they have ever been audited before. They would be able to pull the necessary 30 invoices instead of 20. ii.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/01/2011 for the course ACCOUTING 450 taught by Professor Giles during the Spring '11 term at N.C. State.

Page1 / 2

case 3.1 - 1. What alternatives are available to Brent in...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online