An Accounting Employee Notices That Another Employee in the Purchasing

question 54

Essay

An accounting employee notices that another employee in the Purchasing Department has
been accepting gift cards from a company supplier,which is against company policy.According to the Institute of Management Accountants' code of conduct,what steps should the accounting employee take to stop the practice?

---

Definitions:

Earned Income Tax Credit

A refundable tax credit for low- to moderate-income working individuals and families, aimed at reducing poverty and encouraging work.

Working Poor

Individuals who are employed but still live below the poverty line due to low wages and inadequate employment benefits.

Minimum-wage Laws

Legislation that sets the lowest hourly rate of pay that an employer can legally pay their workers, intended to protect workers from unduly low pay.

Working Poor

Individuals who have employment but whose earnings are not sufficient to meet the poverty line or standard living costs.