You are the controller of Blue Jays Inc. B. J. Dell, the president, recently mentioned to you
Question:
You are the controller of Blue Jays Inc. B. J. Dell, the president, recently mentioned to you that she found an error in the 2006 financial statements which she believes has corrected itself. She determined, in discussions with the purchasing department, that 2006 ending inventory was overstated by $1 million. B. J. says that the 2007 ending inventory is correct, and she assumes that 2007 income is correct. B. J. says to you, “What happened has happened—there’s no point in worrying about it anymore.”
Instructions You conclude that B. J. is incorrect. Write a brief, tactful memo to her, clarifying the situation.
ETHICS CASE
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted: