ASSIGNMENT ID
849358
SUBJECT AREA Accounting
DOCUMENT TYPE Coursework
CREATED ON 22nd February 2019
COMPLETED ON 23rd February 2019
PRICE
\$40
Expert hired: Sagacious

Accounting Chapter 7 Mini Ethics Discussion: Ethics and professional conduct in business

During the preparation of the bank reconciliation for Regal Concepts Co., Misty Watts, the assistant controller, discovered that Windsor National Bank incorrectly recorded a \$15,750 check written by Regal Concepts Co. as \$1,575. Misty has decided not to notify the bank but wait for the bank to detect the error. Misty plans to record the \$14,175 error as Other Income if the bank fails to detect the error within the next three months. Discuss whether Misty is behaving in a professional manner.
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