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Question 1 of 40 2.5 Points Jane finds a material misstatement while auditing a client's accounts receivables. Her senior tells her to ignore the misstatement

Question 1 of 40

2.5 Points

Jane finds a material misstatement while auditing a client's accounts receivables. Her senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be viewed as a team player in order to advance in the firm so Jane follows her senior's instructions and ignores the misstatement. Which ethical theory did Jane use to make her decision?

  • A. Egoism

  • B. Justice

  • C. Virtue ethics

  • D. Utilitarianism

Question 2 of 40

2.5 Points

Jason is the fastest worker on the audit of a company for the firm Zits LLP. Other Zits workers take twice as long to complete the equivalent amount of work as Jason. One day Jason is approached by the other workers and is asked to slow down "You are exceeding the time budget for the audit and making the rest of us look bad," said one staff member. From an organizational, ethical point of view, the best thing for Jason to do is:

  • A. Tell the other staff members that he will use the time he saves on his budget to help them to meet their budget by picking up their slack

  • B. Approach the supervisor to discuss the pressure of fellow staff to slow down on doing audit work

  • C. Explain to the other staff members that he works diligently and they should do the same

  • D. Tell the other staff members to mind their own business

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