Accountability in Reporting Memo Assignment Example | Topics and Well Written Essays - 250 words

Accountability in Reporting Memo - Assignment Example However, that was not the case for either of the two entities. Over the years, the press has helped to expose the corrupt and malicious behavior and activities that go on in these organizations. Some of this behavior includes people bribing managers in order to be employed or be given contracts and discrimination in terms of ethnicity, gender and tribe (Mishra, 2005). The activity that has raised the greatest outrage from the public is embezzlement of government funds by top executives and employees. These activities caused the public to demand accounting information from government entities and non-profitable organizations. The public became keener in the activities carried out by these organizations and how funds are used. It became mandatory for governmental entities and non-profitable organizations to adjust their financial accounting policies so as to satisfy the demand of the public. Over the years, non-profitable organizations and governmental entities have worked towards ensu ring that they produce financial information that is clear by following all the accounting standards (Ruppel,