While completing a test of controls, you appropriately cleared two minor exceptions by examining related documents. The entity will need to do some serious digging to find the documents to resolve a third, similar, exception and wants to know if you really need the documents. You ask the in- charge senior, and he decides it was probably not a serious potential problem and tells you to sign off to clear the third exception without examining the under-lying documents.

1. Analyze this situation with its possible outcomes using
a. The utilitarian theory.
b. The rights- based approach.
c. The justice- based approach.
2. Which approach do you feel is most appropriate in this situation, and why?

  • CreatedSeptember 22, 2014
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