As the accountant for SaveMart, the nation's largest retail company, you have performed an extensive analysis, and you are convinced that bad debts will be 3% of credit sales this year. While this estimate is higher than last year's estimate of 2%, you feel the increase is warranted because the company, in an effort to stimulate sales, significantly relaxed its credit policy in the current fiscal year. However, if the 3% estimate is used, SaveMart's earnings will fall slightly below analysts' earnings estimates, which some investors consider when valuing SaveMart shares. If the bad debt estimate is lowered to 2.5%, SaveMart will meet analysts' earnings expectations, and you will receive a large bonus in the current period. Because bad debt estimates have historically been between 2% and 3%, you are quite certain that the auditors will accept any estimate in this range.

Question: What are your responsibilities?