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Denise Norris is a manager at Fitch & Jones, LLP, a regional audit firm in Providence, Rhode Island. Norris is preparing for a meeting with Alan Morse, the controller of Rhody Electronics, a publicly held company in Providence. The meeting concerns a variety of questions raised by the controller about the audit as follows.
Norris has decided to use the occasion to raise a few issues with Morse as follows:
5.
Required information
Assume the controller is very defensive and fails to provide acceptable responses to the questions raised by Norris. Norris is concerned about the ability of the firm to complete the audit on time and under budget. She knows she has to do something to alleviate the tension that has developed with the controller and ensure that the audit comes to a successful conclusion. However, she is not sure how best to get it done. Answer the following questions:
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