When May a CPA Use Estimates in the Preparation of a Client's

question 108

Essay

When may a CPA use estimates in the preparation of a client's tax return?

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Definitions:

Conflicts

Situations where incompatible interests, beliefs, or actions lead to opposition between two or more parties.

Suspicious

Having or showing a cautious distrust of someone or something.

Experience

The knowledge or skill acquired by a period of practical involvement in an activity.

Slippery Slope Fallacy

A logical fallacy in which a relatively small first step is assumed to lead to a chain of related events culminating in some significant effect, often with little evidence to support the connection.