You have been hired by the company president to review the records of Fast Shipping Company. You found that the sales department has reported 20% of jobs as “sold,” even though the customers have not formally accepted the jobs. When you asked the sales manager, he explained that in the past customers always agreed to the jobs if the company got preliminary approval for the jobs. The sales manager is confident that the customers will, in fact, agree to the jobs and explains that those jobs are needed as “sales” so that salespeople can earn their commissions during this period and the company reports a favorable sales growth trend. In Chapter 1, you learned that the Institute of Management Accounting’s Standards of Ethical Professional Practice are competence, confidentiality, integrity, and credibility. Identify and discuss which standards of ethical conduct the sales manager, the president, and you would be violating if you agree with the sales manager’s reported sales. Be specific. What other information would you want to know? What should you do?