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Tom Holton has a far too busy personal life to work overtime. To make certain that work does not interfere with his other plans, he

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Tom Holton has a far too busy personal life to work overtime. To make certain that work does not interfere with his other plans, he tests only part of the assigned sample. For example, if he is asked to test 25 cash disbursement transactions, he tests the first 15 but indicates that he has tested all 25. Tom never comes across any problems, and due to his ability to beat the time budget, he has been given several recognition rewards. One partner has told him that employees like him are highly valued-ensuring that audit engagements are profitable is very important to the firm. A supervisor, curious about Tom's amazing ability to beat the time budget, decides to carefully redo Tom's work. The supervisor concludes that Tom is signing off procedures without completing them. She immediately reports this to the partner in charge of the audit engagement Required Requirement a. Using the ethical decision framework, analyze the situation and recommend what the partner should do Who are affected and why? (Select all that apply) A. Client - they will have a qualified option as a result B. Partner - he/she makes incorrect conclusions in the past based upon Tom's work DC Supervisor - he/she makes incorrect conclusions in the past based upon Tom's work D. Tom - his pay may be affected as well as his employment What are some of the consequences? (Select all that apply) A. There has been no impact on the audits, so it is not too serious B. Staff morale will be boosted as they know they can cut comers as well C. Firing Tom is perhaps the best because if they keep Tom, it provides a poor signal to other staff D. Firing Tom is perhaps the best because if they keep Tom, it implies that the problem was not very serious

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