You are a new summer intern working for a major professional services firm. During your lunch break each day, you and a fellow intern, Bob, eat at a local sandwich shop. One day, Bobs girlfriend joins you for lunch. When the bill arrives, Bob pays with a company credit card and writes the meal off as a business expense. Bob and his girlfriend continue to be treated to lunch for a number of days. You know Bob is well aware of a recent memo that came down from management stating casual lunches are not valid business expenses. When you ask Bob about the charges, he replies, Hey, were interns. Those memos dont apply to us. We can expense anything we want.

Does Bob really believe that what he is doing is not wrong? Does it matter? What are you going to do about it?