Question: Please help me interpret the answers for this problem. Terry, a conscientious new auditor at a public accounting firm, needs to learn a lot to
Please help me interpret the answers for this problem. Terry, a conscientious new auditor at a public accounting firm, needs to learn a lot to reach optimal performance. At the current audit engagement, Terrys workpapers have been reviewed by Jamie, the audit manager. Terry is uncomfortable about the quality of Jamies reviews because only a few review comments were documented. Although Jamie has a reputation as a high performer and is well respected by office partners, Jamie has been overwhelmed with other aspects of the audit. Terry believes that the workpapers are not being thoroughly evaluated by Jamie. What should Terry do? Options for Terry A. Terry should do nothing and assume Jamies review was appropriate. B. Terry should discuss the quality of the work with the engagement partner. C. Terry should speak to the performance manager personally and express concern about the lack of review comments. D. Terry should make a few mistakes on purpose to check if Jamie notices. E. Terry should question Jamie directly regarding his review process. Individual Collective Option Personal Career Reputation Firm Client Profession Net Impact A B C D E Please help me complete this table above with the numbers below. Risks and Perception Scoring Rationale Individual Impact Risk Action Personal Career Reputation Net Impact Positive +100 +100 +100 +300 Neutral 0 0 0 0 Negative -100 -100 -100 -300 Collective Impact Risk action Firm Impact Client Impact Professional High/Low Positive +200 +200 +200 +600 Neutral 0 0 0 0 Negative -200 -200 -200 -600
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
