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

  Little cabbage firm acquired an adjacent lot to construct

Little Cabbage Firm acquired an adjacent lot to construct. Fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $3,000. A contractor was paid $800,000 to construct a new..

  Compare and contrast company financial statements

Compare and contrast company financial statements and disclosure notes. Construct a table to provide the following information for each company.

  What is the total amount that must be paid back

To purchase a new car it is necessary to borrow $ 25,550. A car dealer offers a 5-yr loan at an interest rate of 4% compounded annually. If you make only one payment at the end of the loan period, repaying the principal and interest, what is the tota..

  What will the impact be on its operating breakeven point

If the firm has a potential investment that would simultaneously raise its fixed costs to $16,500 and allow it to charge a per-box sale price of $6.50 due to better-textured tacos, what will the impact be on its operating breakeven point in boxes?

  What might be some of alternative measures of performance

If 'profit' maximisation is biased towards maximising the interest of only one stakeholder group, would you expect that over time there will be less emphasis on profits and more emphasis on other performance indicators?

  What was the amount of net income for the year

Carlos Ramirez and Camila Garza organized New World Book Store as a corporation; each contributed $71,800 cash to start the business and received 5,400 shares of common stock. The store completed its first year of operations on December 31, 2014. Wha..

  Expenses were incurred during the first tax year

4. (TCOs 1 and 8) Emerald Corporation, a calendar year C corporation, was formed and began operations on July 1, 2010. The following expenses were incurred during the first tax year (July 1 through December 31, 2010) of operations:

  Question a company has made the subsequent purchases of

question a company has made the subsequent purchases of merchandise during the month of julyjuly 1 purchased 380 units

  Calculate the number of shares of stock issued

Calculate the total amount of cash dividends paid in the fourth quarter and calculate the number of shares of stock issued in the stock dividend.

  Number of investment centers to track on a day-to-day basis

Bianca Publishing has a number of investment centers to track on a day-to-day basis. The following represent key figures related to one of Bianca's investment centers for February 2014:

  Determine the npv for the purchase

Determine the NPV for the purchase, lease without the service contract, and the lease with the service contract.

  Prepare a multiple-step income statement for jackrabbit inc

Prepare a multiple-step income statement for Jackrabbit Inc. from the following single-step statement. Gain on sale of equipment, Interest income and General and admin expenses.

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