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As a newly hired accountant, the CEO of the company asked you to review the companys income statement for a upcoming board meeting. The CEO

As a newly hired accountant, the CEO of the company asked you to review the companys income statement for a upcoming board meeting. The CEO comments to you that the previous accountant, no longer with the company, had already prepared the information. Upon your review, you find that the previous accountant had embellished some of the sales and did not appropriately account for all of the expenses to make the income statement look much more lucrative for the company. What would your first course of action be? How would you approach the discrepancy of information and present your findings to the CEO and board members? What response from the CEO would dictate to you the principles and values of the company to you as a new employee?

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