Alan Fazil holds a CPA certificate and as a controller of the Australian steel company, he is responsible to develop, maintain and review financial delegations for the company, and to ensure that the information on the financial statements which the company produced is accrued, reliable and completed.
Ethically, Alan should follow the 5 fundamental principles of APES110. In this situation, Alan should exclude any information from company reports which he believes to be containing” a materially false or misleading statement”, “recklessly furnished” information, or “omission or obscurity that leads the information to be misleading” in financial reports as stated Section 110.2 A. ...