Tonya Latirno is a staff accountant for Cannally and Kennedy, a local CPA firm. For the past
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Tonya's supervisor was surprised to see overtime being reported, because there is generally very little additional or unusual client service demands at the end of the calendar year. However, the overtime was not questioned, because employees are on the "honor system" in reporting their work hours.
1. Is Cannally and Kennedy acting in an ethical manner by eliminating the bonus? Explain your answer.
2. Is Tonya behaving ethically by making up the bonus with unnecessary overtime? Why?
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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