Explore BrainMass

Explore BrainMass

    Alternative procedures

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    In each of the following situations discuss if the instance raises a red flag. Thanks for getting me started!

    -------------

    1. The CEO says that you will not be able to review the minutes of the board of directors because they contain trade secrets and formulas. Are there any alternative procedures that can be used so you can comply with this request?

    2. The CEO says that you will not be able to review the part of the minutes of the board of directors because that section contains trade secrets and formulas. Are there any alternative procedures that can be used so you can comply with this request?

    3. The CEO says that you are not to talk to any employee unless cleared by a company officer. Is this a reasonable request?

    © BrainMass Inc. brainmass.com June 4, 2020, 12:09 am ad1c9bdddf
    https://brainmass.com/business/accounting/alternative-procedures-321923

    Solution Preview

    1) As long as the information that is either a trade secret or formula is blacked out or deleted out, the minutes can still be reviewed without raising a red flag. The minutes can usually be reviewed and this is a special circumstance ...

    Solution Summary

    Are there any alternative procedures that can be used so you can comply with this request?

    $2.19

    ADVERTISEMENT