The ousting of Chief Executive Officer Mark Hurd from Hewlett-Packard Inc is a wake up call to all employers and employees from all levels. That is, expense accounts are very important and no form of report tampering should be tolerated. It can be remembered that Mark Hurd was ousted because he lied about his expense accounts, not including in his report some personal expenses where some of them are related to his outings with a corporate manager that he has a relationship with.

Expense accounts should not be taken lightly, simply because these should be treated as privileges to employees and employers alike which can help make the company grow. Expense accounts should be treated very seriously, according to Arleen Thomas, senior vice president of the American Institute of CPA’s of Certified Public Accountants.

Usually, expense accounts are a part of the code of conduct of a company. It follows a certain set of rules which are adhered to by both employer and employee, so following it is very important to maintain order. Compliance also contributes a lot to achieving the goals set by the company.

Employers and employees should definitely start evaluating their stance on the importance they give expense accounts.