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What motivations would you think Jeff has to do this

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Question - During the preparation of the bank reconciliation for a construction company, Jeff discovered that the bank incorrectly recorded a $2,290 check written by his company as $229. Jeff has decided not to notify the bank but wait for the bank to detect the error. Jeff plans to record the $2,061 error as Other Income if the bank fails to detect the error within the next three months.

What motivations would you think Jeff has to do this? Is this an ethical and professional way of handling in this situation? What do you think leads this to occur and what can a company do to ensure all statements are accurate and true?

Reference no: EM133059149

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