A colleague has recently prepared a new spreadsheet which is used to produce a weekly report for the bank’s liquidity committee. You are responsible for updating the underlying data which feeds into the spreadsheet to produce the report.
You have just submitted this week’s report when you notice a small error in some formulas. You are sure that the error is not materially impacting the reported figures for this week. Several worksheets will need to be changed to sort out the spreadsheet and, with checking, this will take at least four hours to complete.
The committee meeting is scheduled for early tomorrow, with the report due this afternoon. You have several other looming deadlines. It’s 4pm, and you’ve got an industry event to attend with your team at 7pm.
What would you do? What ethical considerations would you give to your decision-making? Why? Why not?
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