When the IASB issues new pronouncements, the implementation date is usually delayed for several months from date

Question:

When the IASB issues new pronouncements, the implementation date is usually delayed for several months from date of issuance, with early implementation encouraged. Karen Weller, controller, discusses with her financial vice president the need for early implementation of a rule that would result in a fairer presentation of the company's financial condition and earnings. When the financial vice president determines that early implementation of the rule will adversely affect the reported net income for the year, he discourages Weller from implementing the rule until it is required.
Instructions
Answer the following questions.
a. What, if any, is the ethical issue involved in this case?
b. Is the financial vice president acting improperly or immorally?
c. What does Weller have to gain by advocacy of early implementation?
d. Which might be affected by the early implementation decision?
Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...