(1) You have justbeen hired by ABC Co. as a staff accountant.Your manager asked you to book an entry but you are sure the entry is incorrect.You do notthink it complies withaccounting standards.How wouldyouhandle this situation?

Discussion Topic:

(2) You have justbeenhired as an accountant for ABC Inc.and notice severalweaknesses in internal control over cash, especially in the area of segregation of duties.Your manager says not to worry about the lack of controls all of the employees are very honest.How do you think these weaknesses would effect the financial statements and what should you do to try and resolve the situation?