Discuss instance raising a red flag


In each of the given situations discuss if the instance raises a red flag.

Question 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?

Question 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?

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

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Accounting Basics: Discuss instance raising a red flag
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