you have been the financial accountant of a clothing retailer for a few years.the company's year-end is 31 march,and you are finalising the year emd accounts.

you have recently been advised by the warehouse,managing director (the majority shareholder) has told you that it is not necessary to write down the inventory in the year end accounts .you are sure that the managing valuation because he has found a prospective buyer. the managing director has indicated to you that, if the proposed deal is successful,all employees will keep their jobs and you will receive a pay increase.

a)comment on the financial effect if you follow the managing director's instructions.

b)identify any professional or legal principles that you should consider before you make a decision on a course of action.

c) make a decision on what would you should do in the above circumstances justify your chosen of action