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TO FIDDLE OR NOT TO FIDDLE You are required to analyse the case and answer the following questions:

1. What are the underlying issues/problems facing the company and the financial controller,

as seen from the brief drama unfolded in the case? 2. Why is it wrong for the economic officer to make such a request? 3. What are the consequences of giving in to the economic officer/s request? 4. How would you ensure true and fair view of financial reporting? 5. What are the Accounting Standards a Malaysian accountant has to comply with?
6. Those foreign accountants like to show an account making a loss, to avoid paying tax,

alleged the Economic Officer. Can it be true? 7. How and with what would you educate the directors and management staff of the company? 8. Suggest practical strategies to overcome the issues/problems.

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