Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

Exercise 41

After doing an account analysis and giving the results to your boss, you discover an error in the data for 3 of the 24 months covered by your analysis. In 6 of the 24 months, your assistant had dropped 000 from the costs. Therefore, you thought $10,000,000 was $10,000, for example. You informed your boss, who said that the analysis had already been passed on to a top executive who was going to use it in a presentation to the board of directors tomorrow. Your boss does not want to tell the top executive about the error. Should you