Question: When the IASB issues new standards, the implementation date is usually twelve months from the date of issuance, with early implementation encouraged. Becky Hoger, controller,

When the IASB issues new standards, the implementation date is usually twelve months from

the date of issuance, with early implementation encouraged. Becky Hoger, controller, discusses

with her financial vice president the need for early implementation of a standard that would

result in fair presentation of the company's financial condition and earnings. When the financial

vice president determines that early implementation of the standard will adversely affect the 33

reported net income for the year, he discourages Hoger from implementing the standard until it

is required.

a. What, if any, is the ethical issue involved in this case?

b. Is the financial vice president acting improperly or immorally?

c. What does Hoger have to gain by advocacy of early implementation?

d. Who might be affected by the decision against early implementation.

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