Mark Taylor is the controller for Krohm Corporation. He has been with the company for 17 years and is being considered for the job of chief financial officer. His boss, who is the current chief financial officer and former company controller, will be Krohm Corporation’s new president. Taylor has just discussed the year-end closing with his boss, who made the following statement during their conversation:
Identify the ethical issue or issues involved, and state the appropriate solution to the problem. Be prepared to defend your answer.