Question
Josie is an accounting supervisor at Monk & Sons Realty. She instructs her subordinate, Maria, to make certain accounting entries in the company's books that
Josie is an accounting supervisor at Monk & Sons Realty. She instructs her subordinate, Maria, to make certain accounting entries in the company's books that will increase revenue by a material amount. Maria researches the matter and tells Josie that recognizing revenue in this way would be premature and not consistent with GAAP. She discusses her concerns with Josie and later, Monk's CFO, both of whom insist that she make the entries. To comply with the AICPA Code of Professional Conduct, what other action should Maria consider?+
A.) Report the matter to the board of accountancy
B.) Take out a professional liabiltiy policy
C.) Discuss her concerns with Monk's internal audit group
D.) Make the entries as her bosses instructed
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