Sarah is tasked with analyzing financial records in order to find discrepancies, trends, as well as indicators of where efficiencies may be made. She discovers that Profit and Loss statements indicate possible embezzlement. In addition, she finds a forged signature on a federal document. She is a single female and mother of two children. Her only source of income is from this job. What should she do? Who are the bystanders? Who all would be effected by what she does or does not do?

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Business

Jaylin Schneider

26 August, 06:33

Sarah is tasked with analyzing financial records in order to find discrepancies, trends, as well as indicators of where efficiencies may be made. She discovers that Profit and Loss statements indicate possible embezzlement. In addition, she finds a forged signature on a federal document. She is a single female and mother of two children. Her only source of income is from this job. What should she do? Who are the bystanders? Who all would be effected by what she does or does not do?

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Irene Preston · Answer 1

The overview of the given scenario is described in the explanation segment below.

Explanation:

Sarah continues to hold her professional responsibilities at the top of the list as well as disclose the irregularities to that same management board and indeed the ethical approval was obtained if there are any.

It includes fiduciary responsibilities such as:

Care as well as diligence. Fair faith, good faith. Shouldn't use position incorrectly. Not to exploit details.

If anomalies aren't reported, investors such as shareholders, managers, employees, business partners as well as federal departments will lose out as a result of this embezzlement and necessary false reporting.