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Author Question: Which of the following statements about theStatements on Standards for Tax Servicesis true? (Read 37 times)

laurencescou

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Question 1

Statements on Standards for Tax Services are issued by
◦ the SEC.
◦ the IRS.
◦ the AICPA.
◦ the FASB.

Question 2

Which of the following statements about the Statements on Standards for Tax Services is true?
◦ A CPA is never allowed to use a taxpayer's estimates when preparing a tax return.
◦ The CPA must tell the IRS upon becoming aware that an error has been made on a past tax return.
◦ The CPA may in good faith rely on information provided by the taxpayer, without verifying the reliability of that information if reasonable inquiries are made where the information furnished appears to be incorrect.
◦ The CPA should not recommend that a taxpayer take a certain position if there is any doubt as to whether the position would be approved by the IRS upon audit.


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Marked as best answer by laurencescou on Sep 13, 2020

welcom1000

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laurencescou

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Reply 2 on: Sep 13, 2020
Excellent


yeungji

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Reply 3 on: Yesterday
Gracias!

 

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