When a Practitioner Discovers an Error in a Client's Prior

question 51

True/False

When a practitioner discovers an error in a client's prior return, AICPA tax ethics rules require that an amended return immediately be filed.

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Definitions:

Two-way Table

A data organization method that displays frequencies or counts of variables in rows and columns, facilitating the examination of relationships between two categorical variables.

Null Hypothesis

A statistical hypothesis that assumes no effect or no difference between phenomena or populations.

Chi-square Test

A statistical test used to determine the difference between observed and expected frequencies in one or more categories.

Categorical Variables

Variables that represent categories and can take on a limited and usually fixed number of possible values, distinguishing items by non-numeric attributes.