Question: CA 1 . 2 When the AcSB issues new standards, the implementation date is usually 1 2 months after the issue date, but early implementation

CA1.2
When the AcSB issues new standards, the implementation date is usually 12 months after the issue date, but early implementation is
encouraged. A company controller, Paula Prentice, is discussing with her financial vice-president the need for early implementation of a standard 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 standard will lower the reported net income for the year, he discourages Paula from implementing the standard until it is required.
Instructions
Discuss the ethical issues of the financial vice-president's request.
Ethics

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