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You are employed as an accountant for Innovative Computing. Your company is in the process of...

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Accounting

You are employed as an accountant for Innovative Computing. Yourcompany is in the process of signing a large contract with anelectronics components supplier. You have a friend who works forthe electronics components supplier, and you are aware of thecompany having trouble paying bills. Explain why you should, orshould not report, this to your employer before the purchase.

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3.6 Ratings (519 Votes)
Answer According to accounting principle we should report this as Full disclosure principle Full disclosure principle says that client and per user of business ought not deceive    See Answer
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