Module Four Instructor Posted Ethics Case

The following mini-case is to be completed and submitted as a word doc via the Canvas Drop-

box. This simple mini-case might require you to seek and review learning resources outside

your textbook.

A standard unqualified audit opinion states that financial statements present fairly a

companys results in accordance with generally accepted accounting principles. Does

following GAAP necessarily present fairly a companys operating results?

1) State and discuss you answer. Provide examples to support your opinion.

What should a company do if following GAAP does not present fairly its operating results?

2) Write a clear and concise response to the above question.