Adeola is member of ICAN working as a unit accountant. He is a member of a bonus scheme under which, staff receive a bonus of $10\%$ of their annual salary if profit for the year exceeds a trigger level.

Adeola has been reviewing working papers prepared to support this years financial statements. He has found a logic error in a spreadsheet used as a measurement tool for provisions. Correction of this error would lead to an increase in provisions. This would decrease profit below the trigger level for the bonus.

Required

Discuss the ethical and professional issues involved in the above case, including the right ethical and professional actions that should be taken.