Josie is an accounting supervisor at Monk & Sons Realty. She instructs her subordinate, Maria, to make certain accounting entries in the company's books that will increase revenue by a material amount. Maria researches the matter and tells Josie that recognizing revenue in this way would be premature and not consistent with GAAP. She discusses her concerns with Josie and later, Monk's CFO, both of whom insist she make the entries. She also has a confidential discussion with Monk's internal audit chief, who shares her concerns. 

To comply with the AICPA Code of Professional Conduct, what other option should Maria consider?

Discuss the matter with the board of directors. Take out a professional liability policy. Make the entries as her bosses instructed. Report the matter to the board of accountancy.

Answer rating: 100% (QA)

To comply with the AICPA Code of Professional Conduct Maria should consider the option to report the ... View the full answer