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Determine the steps should goldschimdt undertake to ensure

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Goldschmidt, a member, is a senior accountant with Diamondback Industries, a private company. Vargas is the controller of Diamondback Industries and is Goldschmidt's direct supervisor. While performing the year-end close for the period ended Dec 31, 20x5, Vargas has asked Goldschimdt to record several transactions with which Goldschmidt has some issues. All of the entries requested, if not correct, would materially overstate the net income of the company for the year in question.

Question 1: Which of the following steps should Goldschimdt undertake to ensure that the situation does not constitute a subordination of judgement?

Point A) Goldschimdt should immediately resign his position and look for another job.

Point B) Goldschmidt should immediately inform Diamondbak Industries external accountant about the situation.

Point C) Goldschmidt should immediately inform any and all third parties might rely on the financial statements.

Point D) None of the above

Point E) Both A and B

Reference no: EM132466886

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