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Donna Franks an accountant for Southern Technologies Corporation, discovers that her supervisor Elbe Silverton made several errors last year Overall, the errors overstated the company's
Donna Franks an accountant for Southern Technologies Corporation, discovers that her supervisor Elbe Silverton made several errors last year Overall, the errors overstated the company's net income by 40%. It is not clear whether the errors were deliberate or accidental What should Franks do? vind Franks should report the errors to is responsible for the errors, fails to take action, then Franks should report the errors to In any event who are relying on Southern Technologies Company's financial statements must be made aware of the need to correct the reported net income figure
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