Question
please don't give the same answer that this website already have . please answer with min 600 words. As the chief financial officer of Fones
please don't give the same answer that this website already have .
please answer with min 600 words.
As the chief financial officer of Fones for U Ltd, you discover a significant misstatement that overstated assets in this years financial statements. The misleading financial statements are contained in the companys annual report, which is about to be issued to banks and other creditors. After much thought about the consequences of telling the managing director, Jo Aldridge, about this misstatement, you gather your courage to report this concern. But Jo says, What they dont know wont hurt them. But just so we set the record straight, well adjust next years financial statements for this years misstatement. We can fix it next year when we make more profit. Just dont make that kind of mistake again. Required: (a) Who are the stakeholders in this situation? (100 Words) (c) What would be your course of action, as chief financial officer?(600 words)
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