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Henry Is the Chief Accounting Office of XYZ Co

Question 59

Multiple Choice

Henry is the chief accounting office of XYZ Co. He believes the financial statements are accurate but he has been asked by the CFO to accelerate the recording of revenue at the end of the year to push a material amount that should be reported next year into the current year. If Henry is an ethical accountant he should react by:


A) Going along with the request as a one-time concession to the CFO
B) Refuse to go along with the request and report the matter to the board of directors
C) Discuss the matter with the CEO
D) Firing the CFO

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