Question

You are employed as an accountant for Innovative Computing. Your company is in the process of signing a large contract with an electronics components supplier. You have a friend who works for the electronics components supplier, and you are aware of the company having trouble paying bills.

Respond to the following in a minimum of 175 words:

• Explain why you should or should not report this to your employer before the purchase.

Answer 1

A conflict of interest can be either financial or personal. A financial interest is defined as any interest (such as ownership, a contractual relationship, or a business relationship), which will result in a monetary or other material benefit that has a value of more than fifteen dollars, other than salary or compensation, for services to the city.Confidential information is any information which is not available to the general public and which is obtained only through an individual’s position with the city.

You should report this to your boss. because you have a confidentiality contact and interest conflict