Reporting aviation incidents and hazards in air

The aviation company you work for has an internal reporting system for aviation incidents and hazards. During a flight, the number two engine rolled back to flight idle and then back to cruise power. The Captain says, Dont worry about it, because if we report it, there will be mountains of paperwork to fill out. What would you do and why? Aside from incorporating a technical response, also touch on moral, ethical, and spiritual implications.How do you speak up? Should you speak up? What avenues do you have to say something? How would you incorporate your Christian values and beliefs into solving this problem? Feel free to speak to how you would handle this situation if faced with it or give examples of how you have handled situations like this (do not use personal or business names).