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Suppose You Are an Accountant for a Large Publicly Traded

question 85

Essay

Suppose you are an accountant for a large publicly traded company.You have discovered an error in the financial records that makes the company look more profitable.Your manager tells you to correct the error and reissue a financial statement for the stockholders.Which of the four ethical rules did the manager apply to this situation? Explain the reason for your answer.


Definitions:

Definition By Negation

Describing a concept by stating what it is not, rather than what it is.

Synonym Definition

A statement that explains the meaning of a word by presenting an equivalent word or phrase.

Class Definition

The specific criteria or requirements used to categorize or define something within a particular category.

Definition By Negation

A method of explaining a concept by stating what the concept is not, rather than what it is.

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