Amanda, while performing procedures on her firm\'s long-time client audit engage

Question

Amanda, while performing procedures on her firm's long-time client audit engagement believes she has found a misstatement in the client's prior year's accounts receivables. It could be material, but she is not sure yet. She did not perform the work on this client in the prior year. When she brings her concerns to the engagement senior, Sandy, Sandy tells her not to say anything to the audit partner or client about the A/R concern-the audit partner is very moody and has a lot on his plate. She also does not want the client to get upset-she says in the past two years the firm got a slow start on this client's audit work and the client was not pleased-the relationship is rocky. The client is having a great year and is financially very solid-an A client-she wants to keep this long term financially strong client happy with their work this year. "Besides," she tells Amanda, "if it is material, which I doubt, we can clean it up sometime after this audit is wrapped up. Right now, we need to issue so the client gets a timely audit report to its lenders. Amanda is close to a promotion to Supervisor, which she feels is long overdue, and wants to be viewed as a team player. She doesn't want this to get in the way of her advancement and she feels comfortable this year's A/Rs are materially correct, so Amanda follows Sandy's instructions-Amanda doesn't say anything to anyone about the misstatement. Which ethical theory best applies to Amanda's decision making? O Enlightened Egoism Deontology Bounded Ethicality Situational Ethics Ethical Fading

Explanation / Answer

Enlightened egoism, the ethical theory best apply to Amanda,s decision making is enlightened egoism , as under this phylosophy in ethics which state that person who to further interests of other. , ultimately serve their own self-interest.

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