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Accountant

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AVG. SALARY

$77,620

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Decision Making

You work as an auditor for a large public practice CPA firm. Auditors check the books and financial statements of companies for accuracy. It is the auditor's duty to follow up on anything that appears unusual. Today you're checking the books of a major client. You've got a good working relationship with Mr. Madkof, one of the lower-level managers at the company.

You're looking at the expenses that were charged to a company credit card. You notice several expenses that seem to be personal in nature. They're purchases made at a local department store.

You bring the purchases to Mr. Madkof's attention. He says he's aware of them and that they were made by one of his salespeople. He says it's not a big deal.

You're now confronted with two choices.

You could report the purchases to the company's upper management. By doing this, you'll be giving up the good working relationship you have with Mr. Madkof, all over a few expenses that don't add up to much.

Or you could ignore the personal expenses and continue your audit without moving the expense to its proper place. But this would be unethical.

What do you do?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.