All accountants’ performance evaluations are based in part on their

All accountants’ performance evaluations are based in part on their ability to do audit work efficiently and within the time budget planned for the engagement. New staff accountants, in particular, usually have some early difficulty learning speedy work habits, which demand that no time be wasted.
Elizabeth started work for Anderson, Olds & Watershed in September. After attending the staff training school, she was assigned to the Rising Sun Company audit. Her first work assignment was to complete the extensive recalculation of the inventory compilation, using the audit test counts and audited unit prices for several hundred inventory items. Her time budget for the work was six hours. She started at 4 p.m. and was not finished when everyone left the office at 6 p.m. Not wanting to stay downtown alone, she took all the necessary working papers home. She resumed work at 8 p.m. and finished at 3 a.m. The next day, she returned to the Rising Sun offices, put the completed working papers in the file, and recorded six hours in the time budget/actual schedule. Her supervisor was pleased, especially about her diligence in taking the work home.
What do you think about Elizabeth’s diligence and her understatement of the time she took to finish the work? What if she had received help at home from her husband? What if she had been unable to finish and had left the work at home for her husband to finish while he took off a day from his job interviews?

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