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Question

David was the CEO of a large company. David had no formal qualifications

and relied on his CFO, Martin who was a CPA, for accounting advice. David wanted to defer recognition of a large expenditure item to the next financial year to ensure the full payment of his bonus. Martin advised him this would be in breach of the Accounting standards. David decided to ignore Martin's advice and ordered Martin to proceed with the delayed recognition of the expenditure item. Martin complied with David's order. CPA Australia became aware of the issue.


Questions:
If CPA Australia found the case to be proven, in regard to Davids' conduct CPA Australia could undertake which of the following actions?


a. Order David's dismissal from the company.
b. Impose a fine or forteiture of CPA membership.
c. Send a letter to the companies sharehoders advising them of the conduct.
d. None of the above.

Step-by-step answer

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Subject: Business, Management

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