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According to the financial records for Dress-for-Success, they are following the GAAP. "Basis of Accounting The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP)." (Dress For Success Worldwide, 2019). I do believe that they should have a system or set of rules they follow for their finances. If J Smith was not following the GAAP guidelines or another then I would see this as unethical, because it would feel as if she may have something to hide. The financial records may be available to the public but that does not mean there may be things not 'accounted' for. As mentioned in another post, say the secretary got all the managers coffee for their Monday meetings using the company credit card, but did not put it into the books. This may seem like a small "forgotten" expense, but coffee tends to add up. They use more than one basis to account for their spending and receiving such as the cash basis; "Cash and Cash Equivalents The Organization considered all unrestricted cash and highly liquid investments with an initial maturity of three months or less to be cash equivalents. (Dress For Success Worldwide, 2019).

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