400 Words - APA Formatted ReferencesAssume that you are the controller for a small manufacturing...

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400 Words - APA Formatted ReferencesAssume that you are the controller for a small manufacturing company. You 
became aware that the accounts receivable clerk may be incorrectly applying cash 
receipts and credit memos to the same customer. Other employees who suspect the 
wrong acts have communicated their concerns directly to you and the Chief 
Financial Officer. The CFO has directed you to address this issue immediately 
and to contact the internal audit department for its assistance if you feel it 
is necessary. Prior to contacting them, you decide to do some research to 
determine how internal auditors can assist your company in maintaining an 
ethical environment.
In this discussion with the CFO, you need to attend to the following:

Describe your assessment of the role that internal auditors have when 
dealing with ethical issues in your company.
Do you feel that you could handle this type of matter by yourself, or should 
you involve the internal audit department? Note: Consider using the four-step 
process to making an ethical decision.

If you inform the internal auditors, what is your responsibility for working 
with them?
If you handle it yourself, what are the steps that you would follow to make 
sure that you dealt with this situation in an ethical manner?

Robert · Accepted Answer

DISCUSSION WITH THE CFO
DISCUSSION WITH THE CFO 
 
Assume that you are the controller for a small manufacturing company. You became aware that 
the accounts receivable clerk may be incorrectly applying cash receipts and credit memos to the 
same customer. Other employees who suspect the wrong acts have communicated their 
concerns directly to you and the Chief Financial Officer. The CFO has directed you to address 
this issue immediately and to contact the internal audit department for its assistance if you feel 
it is necessary. Prior to contacting them, you decide to do some research to determine how 
internal auditors can assist your company in maintaining an ethical environment. 
In this discussion with the CFO, you need to attend to the following: 
 Describe your assessment of the role that internal auditors have when dealing with ethical issues 
in your company. 
 Do you feel that you could handle this type of matter by yourself, or should you involve the 
internal audit department? Note: Consider using the four-step process to making an ethical 
decision. 
o If you inform the internal auditors, what is your responsibility for working with them?

400 Words - APA Formatted References Assume that you are the controller for a small manufacturing company. You became aware that the accounts receivable clerk may be incorrectly applying cash receipts...

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