During a recent review of the quarterly financial statements and supporting ledgers, you noticed several unusual journal

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During a recent review of the quarterly financial statements and supporting ledgers, you noticed several unusual journal entries. While the dollar amounts of the journal entries were not large, there did not appear to be supporting documentation. You decide to bring the matter to the attention of your immediate supervisor.
After you mentioned the issue, the supervisor calmly stated that the matter would be looked into and that you should not worry about it.
Question: You feel a bit uncomfortable about the situation. What is your responsibility and what action, if any, should you take?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Advanced Accounting

ISBN: 978-1118098615

5th Edition

Authors: Debra C. Jeter, Paul Chaney

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