Assume that a corporate officer or other executive asks you, as the accountant for the company, to omit or leave out certain financial figures from the balance sheet that may paint the business in a bad light to the public and investors Because the request does not involve a direct manipulation of ...

Would the omission of the information be misleading to inve ...

Assume that a corporate officer or other executive asks you, as the accountant for the company, to

Question:

Assume that a corporate officer or other executive asks you, as the accountant for the company, to omit or leave out certain financial figures from the that may paint the business in a bad light to the public and investors. Because the request does not involve a direct manipulation of numbers or records, would you agree to go along with the request? What ethical considerations exist for you in deciding on a course of action?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...