2. Your company’s business has declined this year. You work as the bookkeeper for the company, and your boss has asked you to do a little “creative” accounting and change some of the actual numbers on a report so the bank will loan the company money. If you do not do what your boss is asking, the company might have to shut down.
As the company's bookkeeper, it is important to maintain ethical standards and integrity in financial reporting. While it may be tempting to falsify numbers to secure a loan, it is dishonest and could have serious legal and ethical implications.
I would recommend discussing this situation with the boss and exploring alternative solutions to improve the company's financial situation. This could include cutting expenses, increasing sales efforts, or seeking alternative sources of funding.
If the company is unable to recover financially without resorting to fraudulent practices, it may be time to consider shutting down the business in a responsible manner, rather than engaging in deceptive accounting practices that could harm stakeholders and lead to legal consequences.
Ultimately, prioritizing honesty and integrity in financial reporting is crucial for long-term success and reputation of the company.