Reference no: EM131706221

Question: As the new audit manager at Immense Multilateral Business, you are responsible for supervising the work of the audit division, and for preparing quarterly reports to be filed with the Securities and Exchange Commission (SEC). You discover that the company accounting practices are not consistent with Generally Accepted Accounting Principles (GAAP), as required by the SEC regulations, and that the quarterly reports contain inaccurate information. When you inform the CEO about the problem, he tells you to ignore it. When you persist, he asks you "Do you like your job? Do you want to keep your job?" If you choose to inform the SEC of the problem, what, if any, legal provisions may apply to your situation? Explain.