Two C suite employees, one being our ED, bullied me and the CFO, basically saying we’re not team players, for not allowing them to close a muliti-million $ purchase with a material GAAP and Tax departure. We even ran the transaction by our external CPAs who agreed it wasn’t permissible.
Now I feel like my moral compass is telling me to look elsewhere for work because I’m afraid of more pressure in future deals to “help make it happen”.
Esp as a CPA, I won’t record transactions I know are wrong.

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Your CFO let an ED bully them and didn’t stand up for their decision?
I don’t give a crap if I’m a team player if I know the decision is going to hurt and make the firm lose money. Just like your CPA, I’m not going to lose my security licenses over someone else.

likehelpful

Agreed. For an ED, why would CFO let this happen. President, CEO or board, we have a different conversation to navigate, but still???? 🤨

Seriously? Having a culture of psychological safety is important for building great teams; CFO should look to improve the moral of their own finance organization before pleasing others with decisions that do not make sense.

If I were you, I’d run for the hills if your CFO is gonna keep this act up.

Stay legal .. at all times. Period.

likesmart

Ask ED if you can record them saying “I wanted to close the deal with material GAAP and tax issues” and then post it on LinkedIn

likefunny

Is there any cash/EBITDA impact to this or just accounting noise? Are you guys public?

If it is a material audit finding, that is not good, even for private firms. Sounds like an ethical dilemma

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