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You are an accountant in the budgetary, projections, and special projects department of Prestige company, a large manufacturing oonpany. The president, Richard brown, asks you

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You are an accountant in the budgetary, projections, and special projects department of Prestige company, a large manufacturing oonpany. The president, Richard brown, asks you on very short notice to prepare some sales and income projections covering the next 2 years of the company's much heralded new product lines. He wants these projections for a series of speeches he is making while on a 2-week trip to eight East Coast brokennge firms. The president hopes to bolster the company's stock sales and price. You work 23 hours in 2 days to comple the projections, hand-deliver them to the president, and are swifly but graciounly thanked as he departs. A week later, you find time to go over some of your computation and discover a miscalculation that makes the projections grossly overstated. You quicily inquine about the president's itinerary and learn that he has mide half of his speoches and has half yet to make. You are in a quandary as what to do. 1. What are the consequences of telling the president of your gross miscalculations? 2. What are the consequences of not telling the president of your gross miscalculations? 3. What parts of the IMA Statement of Ethical Professional Practice (exhibit 1.6 on page 10 of textbook apply to this stuation? 4. What are the ethical considerations to you and the president in this situation

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