The FASB issues new standards on accounting. The implementation date is usually a year from the date of issuance with early implementation encouraged. Jane Durham, chief accountantis discussing implementing this new standard as soon as possible. The CFO however realizes that anearly implementation will have a negative effect on the firm's net income for the year. The CFO discourages the chief Accountantfromimplementing the standard until the required date. Is the CFO's action proper?Why or why not? Is there an ethical issue involved? If so how?