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What ethical issues arise from this request by the CEO

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Question - You are the Controller of a publicly owned company. The company is in financial distress and is looking for ways to cut costs.

The CEO approaches you and asks you to lengthen the life used for calculating depreciation of certain specialized equipment from 10 to 15 years. This will substantially reduce depreciation expense. This change would only affect financial depreciation and would have no impact on income taxes paid.

Will the company achieve a cost savings if they implement this plan? Consider both net income and cash flow.

What ethical issues arise from this request by the CEO?

Reference no: EM132852886

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