A Tax Return Preparer Generally Has a Professional Duty To

question 23

Multiple Choice

A tax return preparer generally has a professional duty to:

• A) Review, but not verify, all documents supporting a client's reported deductions
• B) Review and verify all documents supporting a client's reported deductions if the deduction amounts are material
• C) Review and verify all documents supporting a client's reported deductions, regardless of whether the deduction amounts are material or immaterial
• D) Neither review nor verify the documents supporting a client's reported deductions

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Definitions:

Test Statistic

A calculated value from sample data used to assess the plausibility of a hypothesis in statistical hypothesis testing.

Obtained Value

The actual value or result achieved in a statistical analysis or experiment, often compared against a theoretical or expected value.

Comparison Value

A benchmark or point of reference against which other values or outcomes are compared or assessed.

Statistical Tests

Procedures for making decisions about a population based on sample data, often used to test hypotheses.