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 premature and not consistent with GAAP. Josie disagrees and insists the 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?
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