The AICPA is included six principles, scope and nature of administration, due care, freedom and...
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Accounting
The AICPA is included six principles, scope and nature of administration, due care, freedom and objectivity, trustworthiness, serve the public interest, and obligations. Helen Storm is facing a situation of ethical clash. Helen is dealing with internal weights from the CEO. The $12 million income should, according to accounting standards and standards, be recorded in the year 2016. The CEO wants to record this amount in the company's 2015 books to help up its profits.
To determine the issue Helen should take steps to guarantee compliance with current standards and law. Helen should archive the substance of the issue being referred to. Furnish details of her conversations with the CFO, CEO, and other individuals from management. When it is clear the income of $12 million should be recorded in 2016 and not in 2015 she should stand firm.
In the event that the management team won't agree, then she needs to look for help from the appropriate professional body or from a legal insight. Her documentation of the substance of the issue will prove to be useful while looking for help from the professional body or from a legal insight.
Question:
Use ethical reasoning as a guide to decide what Helen should do and why?
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