1. What would you do? 2. What should you do? 3. Is this a form of money laundering? Why or why not? Check out GASB No. 33. Federal and Louisiana laws should be consulted. 4. Suppose you tell your supervisor about the department's activities, and he' she tells you to forget about it. What would you do? What should you do? 5. Assume that you believe this activity is a form of money laundering and your firm will do nothing. Should you report this activity to the legislative auditors? Would you report it to anyone else? 6. If you assume this activity is not illegal, is the practice ethical for a university? Why or why not