(c) Discuss how the manipulation of financial statements by company accountants

(c) Discuss how the manipulation of financial statements by company accountants is inconsistent with their

responsibilities as members of the accounting profession setting out the distinguishing features of a

profession and the privileges that society gives to a profession. (Your answer should include reference to the

above scenario.) (7 marks)

Note: requirement (c) includes 2 marks for the quality of the discussion.

(c) Accounting and ethical implications of sale of inventoryManipulation of financial statements often does not involve breaking laws but the purpose of financial statements is to presenta fair representation of the company’s position, and if the financia