Ethical Obligations And Decision-making In Accounting Text And Cases 5th
Ethical Obligations And Decision-making In Accounting Text And Cases 5th
5th Edition
ISBN: 9781259969461
Author: Mintz
Publisher: McGraw Hill
Question
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Chapter 7, Problem 1DQ
To determine

Describe the given statement.   

Expert Solution & Answer
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Explanation of Solution

The given statement represents the ability of the auditor to manipulate the given financial information in such a way that it increases the income of the company. This may not necessarily be in a way which is considered as unethical. The ethical practices as well may be implemented by the auditors to create the desired results for the management.

However, there is a possibility the auditors may go beyond the acceptable limits and procedures to create the desired results. In such cases there may be a lack of integrity. Hence, the auditor must always remember to act in the public interest.

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