An internal accountant should always take the following step after exhausting all avenues of appeal within the organization when there is a difference of opinion with top management on an accounting or financial reporting matter:
A)Inform the SEC
B)Terminate employment with the entity
C)Seek legal advice before taking any action
D)All of the above

Question

Quizplus · Accepted Answer

Seeking legal advice is the best next step for an internal accountant who has exhausted all avenues of appeal within the organization and disagrees with top management on an accounting or financial reporting matter. This will help the accountant understand their legal rights and options, and determine the best course of action to take to protect both themselves and the organization. Informing the SEC or terminating employment with the entity may not be necessary or appropriate at this stage, and could have negative consequences if undertaken without proper legal guidance.

An Internal Accountant Should Always Take the Following Step After