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Question 7 (5 marks) As the chief financial officer of Adventure Games Ltd, you discover a significant misstatement that results in an overstatement of assets
Question 7 (5 marks) As the chief financial officer of Adventure Games Ltd, you discover a significant misstatement that results in an overstatement of assets in this year's financial statements. The misleading financial statements are contained in the company's annual report, which is to be issued by banks and other creditors. The managing director is aware of the significant misstatement and suggests not to adjust the current financial statements but rather the adjustment be made in next year's financial statements when profits are expected to be much higher Required: State the ethical issues that are of concern to you and briefly discuss what would you do as the chief financial officer? [Answer here) ]
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