During the Course of an Audit, a CPA Discovers an Error

question 38

Multiple Choice

During the course of an audit, a CPA discovers an error in a prior return. According to the Statements on Standards for Tax Services, the CPA should

• A)ask the client for permission to disclose the error to the IRS.
• B)withdraw from the engagement.
• C)inform the IRS of the error, regardless of whether the client grants permission.
• D)correct the error in the current year's tax return.

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Definitions:

Picture Tools Format Tab

A set of tools within software like Microsoft Word or PowerPoint that allows for the modification and styling of inserted images.

More Button

A UI element in software that when clicked, reveals additional options or information that were not initially visible.

PowerPoint

A presentation program developed by Microsoft, used to create visual aids for presentations, including slides with text, images, and multimedia.

Varied

Describes something that is characterized by diversity or a range of different types or forms.