Your supervisor tells you that for the next month you will be working on an audit entity
Question:
Your supervisor tells you that for the next month you will be working on an audit entity with a controller who loves to talk. She explains that the entity will want you to spend an hour or so talking about politics, sports, and life’s mysteries and you need to keep him happy. She also wants you to follow the time budget, which was based on prior years when those in your position would take work home each night to stay on budget. The prior auditors didn’t record the “social” time at the entity. Will you record all of your time, including “social” time, or only the time associated with the technical work of the audit?
Required:
1. Analyze this situation with its possible outcomes using
a. The utilitarian theory.
b. The rights- based approach.
c. The justice- based approach.
Step by Step Answer:
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt