Discuss the actions that you should consider

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Reference no: EM133378762

Ethics

You are the financial controller of Sareetas plc. A new Managing Director (MD) with a strong domineering character has recently been appointed by Sareetas plc. She has decided to launch an aggressive acquisition strategy and a target company has been identified. You have drafted a report for Sareetas plc's management team that identifies several material fair value adjustments which would increase the carrying amount of the acquired assets if the acquisition occurs. The MD has demanded that you revise your report on the fair value adjustments so that the carrying amounts of the acquired assets are materially reduced rather than increased.

Requirement;
Identify the motivations of the MD and discuss the actions that you should consider.

Reference no: EM133378762

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