Henry Green is the assistant to a county's comptroller. During the year he becomes aware of several accounting and budgeting practices that, taken together, clearly establish a pattern that the county is attempting to turn both budget and reporting deficits into surpluses. Green takes his concerns to the comptroller, who informs him that (1) although the practices may be considered by many to be ''aggressive'' they are, in fact, in accord with generally accepted accounting principles and have been approved by the county's independent auditors and (2) they have been discussed with and approved by the county executive. Indeed the county executive has encouraged the comptroller to do everything that is both legal and in accord with GAAP to enhance revenues and reduce expenditures.

  • CreatedAugust 13, 2014
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