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

Question

Quizplus · Accepted Answer

Janice observed what appears to be an act of theft by the accounting manager. Ignoring the situation is not an option as it would be tantamount to condoning the act of theft. Telling another staff accountant who is a friend is unprofessional and could cause the information to be spread widely, which could be detrimental to the reputation of the accounting firm. The best course of action for her would be to inform her immediate supervisor to investigate the matter and take appropriate action. It is not necessary for her to escalate the matter to Obama or Biden at this point.

Janice Is a Staff Accountant in the Accounting Firm of Obama