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Janice Is a Staff Accountant in the Accounting Firm of Obama

Question 47

Multiple Choice

Janice is a staff accountant in the accounting firm of Obama and Biden. She is assigned to the audit of HealthCare Associates. On the very first day Janice noticed that the accounting manager of the client took money out of the petty cash fund and put it in his pocket. The best action for Janice to take is:


A) Ignore the situation because Janice doesn't know why the manager pocketed the money
B) Inform her immediate supervisor of what she observed
C) Tell another staff accountant who is a friend and ask for her advice
D) Tell Obama or Biden

Correct Answer:

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