According to Circular 230, What Should a CPA Do Upon

question 60

Multiple Choice

According to Circular 230, what should a CPA do upon discovery of an error in a client's prior-year return?

• A)Notify the IRS of the error.
• B)Inform the client of the error and its tax consequences.
• C)File an amended return for the client.
• D)Do nothing.

---

Definitions:

Diverse Workforce

Represents a range of employees with varying gender, age, race, ethnicity, cultural background, sexual orientation, religious belief, and physical abilities.

Global Marketplace

An interconnected system for trading goods and services that transcends national borders, integrating economies worldwide.

Management Challenge

The myriad of difficulties and obstacles that managers face in planning, organizing, leading, and controlling within an organization to achieve its goals.

Diversity Leadership

The practice of acknowledging, appreciating, and utilizing the diverse backgrounds and perspectives within an organization to drive success.