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during the preparation of the bank reconciliation for Building Concepts Co., Joel Knolls, the assistant controller, discovered that Loan Peak National Bank recorded a $3290
during the preparation of the bank reconciliation for Building Concepts Co., Joel Knolls, the assistant controller, discovered that Loan Peak National Bank recorded a $3290 check written by Building Concepts Co. as $329. Joel has decided not to notify the bank but wait for the bank to detect the error. Joel plans to record the $2961 error as Other Income if the bank fails to detect the error within the next three months. is Joel behaving in a professional/ethical matter?
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