**PLEASE READ THE ENTIRE POST*** Principles of Auditing:

These questions are not the same questions that were answered in years past.

After reading the following, please answer the questions below:

Today you had lunch with your friend Sarah Teasdale. Sarah has worked with Zaird & Associates, CPAs, for about two years. Youve been with Zaird for only nine months. You discussed with her your difficulties in getting jobs done in the budgeted number of hours. Sarah said, Yeah, thats a problem. Youll get quicker with experience, butdont tell anyone I told you thissome of those audit programs are pretty awful and include some pretty outdated and even some stupid procedures. Sometimes I just sign the program, but skip doing the procedure. I dont do this often, but sometimes the procedure isnt capable of detecting anything. You said little to her after this, but are now thinking about whether you need to become more practical about how you perform your work.

A). Identify 2-3 possible course of action.

1.

2.

B). For each course of action listed from A above, identify any constraints relating to the decision i.e.; personal &professional standards or compliance concerns

1.

2.

C. For each course of action listed from A above, analyze the course of actions likely affects.( If your course action was followed what are likely affects).

1.

2.

Please label the answer with the coordinating letter and number listed above.