Ch1 Problem 1-4 - internal controls in conformance with...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 1-4 1. Since the invoices represent bona fide liabilities of the company and the law provides that the costs should be recorded in the period they were acquired, Sarver did not act in an ethical manner. Plus, IMA Statement of Ethical Professional Practice states that all members should act according to four main principles one of which is Credibility. Credibility means disclosing” and disclosing “delays or deficiencies in information, timeliness, processing, or
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: internal controls in conformance with organization policy and/or applicable law .” 2. The controller’s actions cannot be justified by the fact he was pressured because IMA Statement of Ethical Professional Practice suggests refraining “from engaging in any conduct that would prejudice carrying out duties ethically” and abstaining “from engaging in or supporting any activity that might discredit the profession.”...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online