Are Mullin's Actions Ethical?

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Are Mullin’s actions ethical?
The owner of the company wants her company’s controller, the chief accounting officer, to underestimate, which means to make something seems to be smaller than it really is, the uncollectible accounts for that year to show small growth in earning to the bank’s loan officer. The action of Veronica Mullin, is not ethical because its results in misstatement of financial statements of the company, which means her actions was intentional intended to deceived the bank’s loan officer.
Would any parties by harmed by her actions?
Yes, I believe the bank’s loan officer, Investors of the company, Employees of the company, and the creditors of the company.
How important is it to try to be accurate in estimating losses from

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