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 underlying

documents.

Required:

Analyze this situation with its possible outcomes using

a$.$ The utilitarian theory.

b$.$ The rights$-$based approach.

c$.$ The justice$-$based approach.

Which approach do you feel is most appropriate in this situation,

and why?