Are descriptions of ten internal controls. 1. The company’s computer systems track individual transactions and automatically accumulate transactions to create a trial balance. 2. On a monthly basis, department heads compare a budget to actual performance report and investigate unusual differences. 3. The company must receive university transcripts documenting all college degrees earned before an individual can begin his or her first day of employment with the company. 4. Senior management obtains data about external events that might affect the entity and evaluates the impact of that information on its existing accounting processes. 5. Each quarter, department managers are required to perform a self-assessment of the department’s compliance with company policies. Reports summarizing the results are to be submitted to the senior executive overseeing that department. 6. Before a cash disbursement can be processed, all payee information must be verified by matching the payee to the company’s approved vendor listing. 7. The system automatically reconciles the detailed accounts receivable subsidiary ledger to the accounts receivable general ledger account on a daily basis.

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?