Regarding Proper Ethical Guidelines, Which (If Any) of the Following

question 182

Multiple Choice

Regarding proper ethical guidelines, which (if any) of the following is correct?

• A)The use of client estimates in preparing a return may be acceptable.
• B)Under no circumstances should a question on a tax return be left unanswered.
• C)If a client has made a mistake in a prior year's return and refuses to correct it, you should withdraw from the engagement.
• D)If the exact amount of a deduction is not certain so as to increase the appearance of greater certainty.
• E)None of these.

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Definitions:

Closing Represents

The finalization of a transaction or process, such as the closing of a sale or the end of a business operation.

Neutral Third Party

An independent entity or individual who provides unbiased assistance in conflict resolution or decision-making processes.

Buyer And Seller

Parties involved in the transaction of goods or services, where the buyer purchases from the seller.

Installment Payments

A system of paying for goods or services over a period of time in regular, scheduled payments.