Question 8 (1 point) Listen When the financial manager is preparing the firm's financial statements, which is a clear ethical breach? Although there are off-balance sheet items that might be of interest to shareholders and investors, le only provides notes on those items when required by the SEC. After many years, he decides to change from the LIFO to the FIFO method of accounting for cost of goods sold and provides a clear explanation for the switch He uses accelerated depreciation techniques anytime permissible to reduce the firm's taxes in the early years versus later years While preparing supporting files, he maintains clear and concise records to help the auditors do their annual audit