The cfo for a corporation deliberately misstates expenses


The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company. The CFO will receive no financial incentive for this misstatement. In fact, he risks losing his job by doing this. Is this an ethical violation for the CFO? Why or why not?

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Business Economics: The cfo for a corporation deliberately misstates expenses
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