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:

Government Control

The extent and methods through which a governmental body regulates or influences societal behavior, economic activities, and public policies.

Margaret Fuller

An American journalist, critic, and women's rights advocate associated with the transcendentalist movement, known for her book "Woman in the Nineteenth Century".

Reform Movements

Movements aimed at making changes in societal norms, laws, or policies in order to address issues deemed unfair, unjust, or harmful.

19th Century

The period from January 1, 1801, to December 31, 1900, marked by significant political, cultural, and technological changes worldwide.