1.  During the preparation of a bank reconciliation, the assistant controller discovered that the Bank incorrectly recorded a $3290 check as $329.  The controller has decided not to notify the bank but wait for the bank to detect the error.  The controller plans to record the $2961 error as "Other Income" if the Bank fails to detect the error within the next three months.  Please discuss whether the controller is behaving in an ethical manner.

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