Do you feel you should abide by the approval

Assignment Help Financial Accounting
Reference no: EM13936581

Financial Reporting Discussion:

Instructions are as followed:

"Read the following scenario, and use the information to help you answer the discussion questions that follow:

Scenario: You are a newly elected County Auditor. As part of your new position, you now control a 30 million dollar budget for the county. Before any claim can be submitted to the county commissioners for payment, it is your responsibility to review and approve the claim. In the first batch of claims you receive, there are expenditures for a Christmas Party given to employees of the Road Department.

The expenditures were not approved by you, but were approved by the previous auditor. Hence, the payment was authorized by the County Commissioners. Hint: Keep in mind that all county funds are taxpayer's dollars.

Based on the scenario above, what would you do? Ethically, do you feel you should abide by the approval? Would you just make the payment? Explain your reasoning."

Please use proper English.

Please provide the reference in APA format used on a reference page and please cite in APA format on which paragraph the information and or idea was used within the document.( Please cite these sources according to APA guidelines) In-text citation examples shown are for paraphrases and summaries (Author-Date pattern). When citing a direct quote, you will also need to include either a page number or paragraph number (Author-Date-# pattern). (Ex: In-Text Citation: (Webb & Jones, 2009)) (Ex: Reference: information a paper below. Web sites are cited differently. Webb, S. J., & Jones, E. J. H. (2009). Early identification of autism: Early characteristics, onset of symptoms, and diagnostic stability. Infants & Young Children, 22(2), 100-118.)).

Reference no: EM13936581

Questions Cloud

Calculate the total volume for all three boxes : Calculate the total volume for all three boxes in question.Add a third box to the calculation.
Create a database named sample.mdf : Register Table: (Refer to the sample screen shot but you have to include the other field mentioned in the requirement.) Your register table should have the following field:
Impact of geography on the conduct of war : Assess the impact of geography on the conduct of war. How was the geography of Northern Africa different from the previous military campaigns examined in this course and how did it impact Rommel's command decisions
Write accessor funtions for height, width, and depth. : Write accessor funtions for height, width, and depth.Also, what exactly is an accessor function?
Do you feel you should abide by the approval : You are a newly elected County Auditor. As part of your new position, you now control a 30 million dollar budget for the county. Before any claim can be submitted to the county commissioners for payment, it is your responsibility to review and app..
How has peony plant evloved to cover bud with waxy coating : How has the peony plant evloved to cover the bud with the waxy coating meaning how did it come to become this way? Why and how the evolution from a non-waxy coating (if this ever existed) to a waxy coating take place?
Using a for loop, print the contents of the array. : Write the code to update every other element within the array with a lowercase x.
How physical and chemical laws affect a living organism : Explain how physical and chemical laws affect a living organism. Explain ow an organism has evolved to adapt to its physical or chemical environment. Then answer: who do you think physical and chemical laws relate functions to structures and vice ..
Discuss the various sources of human stem cells : What are the impacts on ecosystems and issues with introduced, invasive and genetically-modified (GMO) organisms? Select one plant and one animal species to illustrate your points.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd