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Josie is an accounting supervisor at Monk & Sons Realty. She instructs her subordinate, Maria,...

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Accounting

Josie is an accounting supervisor at Monk & Sons Realty. She instructs her subordinate, Maria, to make certain accounting entries in the company's books that will increase revenue by a material amount. Maria researches the matter and tells Josie that recognizing revenue in this way would be inconsistent with GAAP. Josie disagrees and insists that she record the entries. Maria brings her concerns to higher levels of management and the board of directors, but no one agrees with her. She also discusses the matter with the AICPA's technical hotline and confirms her position. Because she has exhausted all her options, what else should Maria consider under the AICPA Code of Professional Conduct?1. Make the entries as her boss instructed.2. Take out a professional liability policy.3. Resign her position in the company.4. Report the matter to the board of accountancy.

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