Ethical Issue

Ethical Issue

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I was reading the question by Euan about amending accounts recently and thought I would just ask about a slightly different situation. I was working on some accounts when I discovered that a draft set had been erroneously submitted. I completed my work and although the net difference was not in itself material, the abbreviated accounts were completely wrong with only the fixed assets and the share capital being correct. More importantly, the client would have an overstated tax liability. I put some notes in the working papers suggesting that IMO the accounts were misleading and amended accounts should be submitted. At the very least the tax computation should have been resent.

Neither the accounts nor the tax were amended and as far as I am aware the client was never informed. I have since left the firm. I don't think I can do anything about this now but I'm wondering (selfishly) about my position should this ever be uncovered. Could this come back to bite me even though I was not the one who submitted the accounts (in fact I had no knowledge of this until it had been done)? 

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By johngroganjga
10th Jun 2014 08:52

Not your problem any more. 

Not your problem any more.  Stop worrying.

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