You have come a long way since starting this project, and you should be very proud to be to this point. However, you still have a few more things to do$.$ For this weeks discussion, the leadership from all company departments would like you to answer $1$ more question concerning your outlook on the company.

Leadership explains that there are a number of issues with the proposed new position. The previous controller used an aggressive approach when implementing and applying accounting standards. This proved detrimental to the company on several occasions.

What are your thoughts on these practices, and how would you approach the implementation and application of new accounting standards?