What action can be taken if discrepancies in spending are found?

Reporting findings to the appropriate authorities is the correct course of action when discrepancies in spending are discovered. This step is crucial because it ensures that any irregularities are formally documented and investigated. Such reports may lead to audits, reviews, or necessary actions to rectify the situation, thereby maintaining the integrity of financial management processes. Addressing discrepancies proactively can help prevent further issues and foster accountability within the organization.

In this context, other actions might seem relevant, but they do not adequately address the need for formal oversight and resolution that reporting provides. For instance, negotiating with vendors or adjusting future budgets might be practical steps in managing finances, but they do not directly resolve current discrepancies. Ignoring the issue unless it escalates could lead to more significant problems down the line, potentially resulting in compliance violations or financial losses. Thus, the emphasis is on transparency and accountability when discrepancies arise, making reporting essential.