Suppose you are asked by your manager to prepare the Federal tax return of a computer hardware manufacturing company. The company is a very important audit and tax client of your firmand specifically of one of the firm's most important partners, the managing director of the firm. It is well known that this partner has instructed everyone to go above and beyond in providing excellent service to this client. In preparing the tax return, valuing the inventory will be a substantial issue. You want to choose the legal valuation method, LIFO or FIFO, that will give the best tax benefits. There are many thousands of items of inventory, so the manager who is giving you the assignment suggests that you use statistical sampling in order to come up with a valuation for the inventory. You have never done statistical sampling like this before, so you ask the manager for help when you reach that point. He gives you a quick tutorial on the software, and then sets it up to take 1000 samples. He then tells you to take the best sample and use that valuation on the tax return. You are unsure at first, because this somehow seems strange from what you remember in your statistics course. But the manager assures you it is proper and reminds you how important it is to produce good results for this client. He says that performing 1000 samples is a way to go above and beyond in order to find the best sample for the client. Something still doesn't seem quite right to you about the sampling procedure, but you are no expert, and the manager is. Further, you are not aware of any rules or laws against selecting the best sample.

Wisdom: Technical knowledge, competence, and skill; prioritize: truth is better than appearance; principles are better than rules; substance is better than form.

Justice: Recognizing duties- serve public interests, discretion, and confidentiality in relation to the client, uphold standards and protect reputation of the profession.

Courage: Due diligence - taking pains to find out something you know that need to know but you don't know yet; courage to declare the truth

Self-master: resistance to greed; maintain independence and avoiding conflict of interest.

How do the accounting analogues of wisdom, justice, courage, and self-mastery apply to the situation?