In the A Team Player case discussed in the chapter, which is the primary reason and rationalization that Barbara may need to counter for not informing Jessica of the inventory deficiency?
A) The inventory deficiency is immaterial.
B) Not accounting for the inventory deficiency is standard practice.
C) The inventory deficiency is not the team's responsibility.
D) The inventory deficiency is a one-time occurrence and will not happen again.

Question

Quizplus · Accepted Answer

The primary reason Barbara may need to counter is the belief that the inventory deficiency is immaterial, suggesting that because the deficiency might not significantly impact financial statements, it could be rationalized as not necessary to report. This perspective overlooks the importance of accuracy and transparency in financial reporting, regardless of the perceived materiality.

In the a Team Player Case Discussed in the Chapter