Jeff Brown is an accountant in a large retail chain. Jeff is in charge of preparing quarterly financial statements and is currently working on the statements for the 3 month period which ended on 30th June 2019. During the month of May and June, the company spent RM2,000,000 on a TV advertising campaign. All the costs were charged to advertising expense. The companys chief financial officer (CFO) has asked Jeff to prepare an adjusting entry to remove the costs from advertising expense and create a prepaid advertising account that will be expensed in July. The CFO explained This advertising campaign has resulted in increased sales in May and June. I think it will continue to bring in customers through the month of July. By recording the advertising costs as an asset, we can match the costs with increased sales in July. Besides, if we expense the whole costs in May and June, we will show an operating loss on our statement of profit and loss for the quarter. The bank requires that we continue to show quarterly profits to maintain our loan in good standing. Requirement: 1. From the scenario above, outline the ethical problem and suggest ways in which it could be resolved or avoided. 2. What are some implications of unethical behavior by accountants for stakeholders using financial reports? 3. Discuss the role of the accounting profession in the issue of ethics?