If the Public Accountant Negligently Failed to Properly Prepare and File

question 14

Multiple Choice

If the public accountant negligently failed to properly prepare and file a client's tax return, the public accountant can be held liable for

• A) the penalties the client owes Canada Customs and Revenue Agency.
• B) the penalties and interest the client owes.
• C) the penalties and interest, plus the tax preparation fee that the public accountant charged.
• D) the penalties and interest, the tax preparation fee, and the amount of tax that was underpaid.

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Definitions:

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A component of educational programs where students gain practical experience in their field of study by working in a relevant organization or setting.

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