Regarding Proper Ethical Guidelines, Which (If Any) of the Following

question 158

Multiple Choice

Regarding proper ethical guidelines, which (if any) of the following is correct?

• A) The use of client estimates in preparing a return may be acceptable.
• B) Under no circumstances should a question on a tax return be left unanswered.
• C) If a client has made a mistake in a prior year's return and refuses to correct it, you should withdraw from the engagement.
• D) If the exact amount of a deduction is not certain so as to increase the appearance of greater certainty.
• E) None of the above.

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Definitions:

ROI

Return on investment (ROI) measures the gain or loss generated on an investment relative to the amount of money invested.

ROI

An evaluation tool applied to determine the profitability or efficiency of a single investment or to analyze and compare the efficacy of multiple investments.

Margin

The difference between the selling price of a product and its cost, often expressed as a percentage of the selling price.

Division

A distinct part of a larger company or organization that operates semi-independently, focusing on a specific set of products, services, or market segment.