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Please read the following scenario and provide your response. Let's assume you were hired as an accountant of Excellent Company. After examining the company's financial
Please read the following scenario and provide your response. Let's assume you were hired as an accountant of Excellent Company. After examining the company's financial records, you found out that the CFO of the company has been falsifying financial statements by creating fictitious revenues that amounted to $1.6 billion. This means that the company has been intentionally overstating their revenues than the actually earned revenues so that the officers would get compensated financially for their performance. Now, you are faced with ethical dilemmas. Should you stay quiet because you are new to the company and you feel under pressure? Or should you whistle blow, in other words revealing fraud to the public/private parties? Your action may cause the company to collapse and employees including yourself might lose a job. Sometimes, when faced with ethical dilemmas, none of the options are great but you need to choose the best course of action and pursue that. Based on the scenario above, please answer these two questions in 200-250 words: 1. What would you do? 2. How could have the company prevented fraud from happening? There is no right or wrong answer. This can be very argumentative depending on your perspective, experience, and situation. So feel free to express yourself! Please write a response with your OWN words without using search engine like Google. Although you are not going to be graded based on your grammars, please be mindful of what you write and how you write.
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