Question

Heather Hogan, the vice president of a local credit union, has always accepted invitations to join credit union members who own skyboxes at the local ballpark. She has never paid for the tickets and, in fact, accepts free food and drink provided in the skybox. The credit union has a written policy that states in part: “All employees are strictly prohibited from accepting any gratuities, gifts, donations, or any other remuneration from credit union members for which the fair market value of such gift, gratuity, or donation exceeds $5.”

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What effect will Heather’s actions have on the internal control environment at the credit union?



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  • CreatedMarch 11, 2015
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