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1 Ans :-
An employee should immediately report and error when it is discovered. All employees, especially employees who are burdened with the task of making projections which may impact the future of the company must act with integrity. “According to Mintz, “Integrity is a fundamental trait of character that enables a CPA to withstand client and competitive pressures that might otherwise lead to the subordination of judgment.” A person of integrity will act out of moral principle and not expediency. That person will do what is right even if it means the loss of a job or client. In accounting, the public interest (i.e., investors and creditors) always must be placed ahead of the one's own self-interest or the interests of others, including a supervisor or client. (Steven M Mintz 2)” The answer does not change whether it impacts other aspects of operations. Certainly, it is more important to report errors when those errors can impact the company. The integrity of the person making the projection affects the overall reputation and trustworthiness of the individual, the department and the firm as a whole. If the belief develops that a person is making poor projections or covering up errors, even small or non-consequential errors their future projections may be ignored or discounted due to this lack of integrity.

2 Ans :- Employees may be hired or laid off due to Daniels projections. In fact those people hired to meet the expectant work load may leave other jobs in order to take a job that does not actually result in a long term employment. Stock holder and other investors in the company make purchase and sell decisions based upon the projections. The government reviews these projections particlularly in publicly traded companies. The operations and reporting of this nature can call into question the entire oversight system for