I too am talking about in the context.
What if OP said it is but the owner concluded it is not, and he approves it? Then what is going to happen is someone may look bad. A lot of the time employees who notice these kind of things may also have other problem (say work performance), and are used as excuses to get them into performance improvement plan or bonus reduction. (I'm not saying OP is, but this could definitely happen)
Usually the rule of thumb is you don't trust authority and you report stuff when it is serious (say someone can get hurt or killed, or it is a huge amount of money, not someone ordering alcohol with lunch or "employee appreciation gift" over the allowed amount by a few hundred dollars), and be prepared you may want to leave afterward because of trust issue.